Multifamily Term Loans
Reliable funding source for landlords, multifamily investors and property managers looking for long-term financing for properties with 5 to 8 units.
A Multifamily Property is a type of residential or commercial property that contains multiple housing units, typically five or more. These properties are often attractive to real estate investors because they can generate significant rental income, provide economies of scale, and diversify risk across multiple tenants.
Coast to Coast Financial, as a private residential lending company, offers financing options for Multifamily Properties. We understand that every borrower has unique financial needs and goals, and our lending solutions are tailored to meet those needs. We offer both long-term financing and bridge financing for multifamily properties.
Our long-term financing options are designed for borrowers who are looking to purchase or refinance a multifamily property with a stable cash flow. These loans typically have longer terms and lower interest rates than our bridge financing options.
Our bridge financing options, on the other hand, are designed for borrowers who need short-term financing to acquire or improve a multifamily property. These loans typically have shorter terms and higher interest rates than our long-term financing options, but they can be a valuable tool for real estate investors who need to act quickly to secure a property.
Contact us today to learn more about our financing options for multifamily properties and how we can help you achieve your real estate investment goals.
Fix & Flip Bridge Loan Terms
- 5-8 Unit Residential Properties
- Loan Amounts $250,000 - $3,000,000
- 30-Year Fixed Rate Mortgage, OR 5/6, 7/6, 10/6 hybrid ARMs (Partial IO or Fully Amortizing)
- Full Recourse or Non Recourse with bad-boy carveouts and Pledge of Equity of Borrowing Entity
- Term Length: 30 Years
- If Owned less than 3 months, 70% of Total Cost Basis If Owned between 3 and 6 months, additional 5% haircut on Max Eligible LTV
- 1.20x - 1.40x, based on subject market classification (Top, Standard, Small, Very Small).
- Mid-Score of 680
- Minimum Occupancy Rate of 90% by Unit Count - Leased Units: Lower of (i) In-Place Rent & (ii) Market Rent - Unleased Units: 90% of Market Rent (Purchase Loans only)
Smart Borrowing For Real Estate Investors
Attractive alternative to traditional bank and agency financing
Competitive rates, 30-45 day closing timelines and easy seasoning requirements.
Common sense underwriting
No tax returns or borrower income information required, up to 70% LTV with cashout, easy step down prepayment penalty options.
Funding for mixed use properties, including singles and portfolios
We fund residential properties with commercial units if the residential square footage is greater than 50% of the leasable area. You can combine multifamily term properties into portfolios with single property rentals and other multifamily properties.