Loan Programs | Multi-family Bridge Loans for Real Estate Investors
Multi-Family Bridge Loans: An Overview for Real Estate Investors
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.
For those looking to invest in real estate and considering their financing options, bridge loans are a commonly utilized solution by successful real estate investors. They are especially beneficial for those looking to build a large investment portfolio through the acquisition of multiple properties.
Experienced real estate investors understand the benefits of bridge loans and have leveraged them to grow their wealth. Private money lenders who specialize in bridge loans can provide valuable guidance to real estate investors in choosing the right loan program for their needs. Unlike banks, private money lenders offer a personalized approach to lending.
Are you looking to invest in real estate and are unsure which loan program is right for your investment property? Multi-Family Bridge loans are widely used by some of the most successful real estate entrepreneurs.
Loan Terms for Multi-Family Bridge Loans
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.
Apply Now with your loan-scenario and a member of our loan officer team will get back to you shortly!
MULTI-FAMILY BRIDGE LOAN OVERVIEW
• 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
Benefits of Multi-Family Bridge Loans for Real Estate Investors
Multi-family bridge loans are ideal for borrowers looking to purchase multiple investment properties in order to build a large portfolio. Seasoned real estate investors that are well-versed in the private lending industry, have built their whole careers off of the benefits of bridge loans for their investment properties. Through their experience, real estate investors turned entrepreneurs can grow their wealth substantially with the aid of a private money lender specializing in bridge loans.
Unlike a bank, private money lenders can provide the much-needed guidance to real estate investors when choosing the right loan program for their purchase.
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We Lend Nationwide: Our Direct Lending Services for Multifamily Bridge Loans
Alabama, Alaska, Arizona, Arkansas, California, Colorado, Connecticut, Delaware, Florida, Georgia, Hawaii, Idaho, Illinois, Indiana, Iowa, Kansas, Kentucky, Louisiana, Maine, Maryland, Massachusetts, Michigan, Minnesota, Mississippi, Missouri, Montana, Nebraska, New Hampshire, New Jersey, New Mexico, North Carolina, Ohio, Oklahoma, Pennsylvania, Rhode Island, South Carolina, Tennessee, Texas, Virginia, Washington, West Virginia, Wisconsin, Wyoming.
Eligibility Requirements for Multi-Family Bridge Loans
To be eligible for Kings of Capital's Multi-Family Bridge Loans, borrowers must meet certain criteria. The minimum loan amount is $1 million, and eligible properties include apartment buildings with 5-350 units, with a minimum of $30,000 per door.
The maximum loan-to-value ratio (LTV) is 70% of the stabilized value, with leverage of up to 80% of the purchase and 100% of the repairs. The debt service coverage ratio (DSCR) has no minimum requirement at acquisition, and the loan term is typically 12-36 months.
Credit scores of at least 650 are required, and Kings of Capital offers both non-recourse and recourse options for guarantees.
Step-by-Step Guide to Applying for a Multi-family Bridge Loan
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.
Here is a step-by-step guide to help you navigate the application process and get the funding you need.
Contact Kings of Capital: The first step to apply for a multi-family bridge loan is to get in touch with Kings of Capital by phone, email, or through our online contact form.
Submit Your Application: Our loan officers will work with you to collect the necessary documentation and information needed to submit your loan application.
Underwriting Process: Once your application is submitted, our team will conduct a thorough underwriting process to determine if you meet our eligibility requirements and to assess the risk of the loan.
Closing and Funding: If your loan is approved, we will work with you to finalize the details of your loan, including the terms and conditions, and provide funding for your investment property purchase.
Who can apply for Multi-Family Bridge loans?
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.
Get Started Today: Apply for a Multi-Family Bridge Loan with Kings of Capital
Kings of Capital is a leading private money lender that provides short-term mortgage loans to real estate investors across the nation for multifamily purchases and rehab projects.
We understand the importance of working with a lender who understands your local market. Our private money loans can help finance investment property purchases, refinancing, equity cash-outs, rehabs, and new constructions.
How can I get a Multi-Family Bridge loan?
Multi-family bridge loans are accessible to any real estate investor, with some lenders requiring a minimum FICO score. The application process for these loans is streamlined and quick, much like other hard money loans. Get in touch with a reputable hard money lender to receive a rate quote and learn more about the process.
Ready to Take the Next Step? Contact Us Today.
Stay ahead of the competition in the real estate market with Kings of Capital. Our private money lending solutions make it fast and easy to secure financing for your next multifamily property purchase or rehab project.
To speak with a multi-family bridge loan expert and receive a free, no-obligation rate quote, call us at 267-630-2875
today.