A multi-family bridge loan is a type of private financing solution used to acquire multi-unit investment properties, such as apartments, student housing, senior living communities, and mixed-use residential buildings. It's a popular choice among real estate investors who are unable to secure traditional financing options, such as government-backed loans.
This type of loan can be used for various purposes, including property purchase, refinancing, equity extraction, renovation, or new construction. The loan term can range from 3 months to 3 years, with the majority falling between 12-24 months.
Kings of Capital offers an alternative capital source for real estate investors looking to invest in a Multifamily property. A Multifamily bridge loan closes faster than conventional loans and is a short-term (12-24 months) real estate loan.
• Loan Amounts: Minimum $1M to Maximum $15M
• Leverage: Up to 80% of Purchase and 100% of Repairs
• LTC: Up to 85%
• Max LTV: Up to 70% of the stabilized value
• Eligible Properties: Apartments 5-350 Units (Per door minimum $30K)
• Amortization: Interest Only (No interest charged on undispersed funds)
• Loan Term: 12-36 Months
• Credit: Minimum FICO 650
Applying for a multi-family bridge loan can be a great way for real estate investors to secure the financing they need to purchase or renovate investment properties.
Multi-family bridge loans have different requirements compared to other hard money loans, as they may require sponsorship or a minimum FICO score. However, like other hard money loans, they are a suitable option for real estate investors who are ineligible for traditional financing due to issues with their financial information or the investment property.