Multifamily Loans
REI Loans offers multifamily bridge loans for investors interested in value-add projects for apartment properties of 5 units or more.
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