Bridge loans are a good fit for unstabilized properties and/or properties that have yet to achieve their greatest value. Bridge loans allow the property, when stabilized, to be refinanced into a permanent loan without incurring substantial prepayment penalties.

Often, the prepayment penalty on a bridge loan is completely waived if the loan is refinanced into a permanent loan. If the loan is refinanced into an alternative loan, the prepayment penalty is typically 1% of the loan amount. Most bridge loans are non-recourse (no personal guarantees). Bridge loans can be structured to include reserves for the capital improvements that are typically required to attract new tenants.

FixnFlip Bridge

Loans for investors buying distressed multifamily properties that need capital expenditures and rent increases to stabilize and bring value to current market standards.

• Up to 85% LTC, 70% LTV
• Loans up to $20mm+
• 24-36 month Interest Only Terms
• Low or no cash flow is ok
• Small, medium, or large Cap EX budgets
• Non-recourse available

Stabilized Bridge

For turn-key tenant properties that need seasoning and/or further tenancy before long term takeout.

• Up to 75% LTC/LTV
• 24-36 month Interest Only Terms
• Financing for Freddie, Fannie, or bank fallout deals
• Low in-place DSCR requirements
• Non-recourse available

Financing for investors looking to hold and cash out their stabilized multifamily property for the long term.

• Loans up to $20MM (ask about alternative programs for beyond funding above $20MM)
• 5+ units
• All market sizes
• Amortized and interest-only options
• Low seasoning requirements
• As low as 80% occupancy
• Out-of-state owners and foreign nationals
• Non-recourse available