REI Loans offers multifamily bridge loans for investors interested in value-add projects for apartment properties of 5 units or more.
Multifamily Loans
Typical terms
Leverage
Up to 80% of Purchase and 100% of Repairs
Loan Amounts
Minimum $1M to Maximum $10M
LTC
Up to 85%
Max LTV
Up to 70% of the stabilized value
Eligible Properties
Apartments 5-300 Units (Per door minimum $30K)
DSCR
No minimum at Acquisition / 1.25 – 1.50 on Stabilized
Points
Determined by the property, sponsor, and loan
Closings
In as little as 20 business days
Amortization
Interest Only (no interest charged on undispersed funds)
Loan Term
12-36 Months
Guarantee
Non-Recourse and Recourse Options
FICO
Minimum FICO 640
Geography
All States except Alaska, Nevada, North Dakota, Oregon, South Dakota, Utah
Eligible Borrowers
U.S. Citizens
Permanent Resident Aliens
Non-Permanent Resident Aliens
Foreign Nationals
LLCs, Limited Partnerships, General Partnerships, Corporations
Other Products
Fix and Flip
12-Month Interest Only Loans for the Purchase and Rehab of 1-4 Unit Properties
Learn more
Rental
30-Year Term Single Asset and Portfolio Loans for 1-4 Unit Properties
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New Construction
Up to 24-Month Interest Only Loans for Construction of Single Family and Multifamily Properties
Learn more