Multifamily Bridge Loans: Your Path to Property Transformation
RELM simplifies the process of securing bridge loans for multifamily properties, making it easy for you to help your customers purchase, renovate, and stabilize properties with 5 or more units. Whether you’re an investor, developer, or real estate professional, our reliable funding source is here to support your multifamily projects.
Key Multifamily Bridge Loan Terms
Minimum Guarantor FICO:
A mid-score of 680 is required to qualify for our multifamily bridge loans.
Property Types:
We specialize in financing residential buildings with 5 or more units, ensuring that our solutions are tailored to meet the unique needs of multifamily investments.
Loan Amount:
Our bridge loan amounts range from $500,000 to $5,000,000, offering substantial funding for a variety of multifamily projects.
Term Length:
Our loan terms extend up to 24 months, with the option for two 6-month extensions, offering flexibility to align with your project’s timeline.
Maximum Loan to Stabilized Value:
-Purchase/Rate-Term Refinance:Up to 70% of the Stabilized Value. Cashout Refinance:** Up to 65% of the Stabilized Value.
Loan Types:
We offer flexible loan options, including Interest-Only and Fixed/Adjustable Rate Mortgage options, allowing you to choose what works best for your investment strategy.
Cashout Refinance
The loan amount is subject to Loan-to-Value (LTV) guidelines based on the mid FICO score.
Maximum Loan to Cost
Purchase Loans: We provide up to 75% of the Purchase/As-is Value in addition to 100% of Rehab Costs.
Rehab Costs
Refinance Loans: You can secure financing up to 65% of the As-is Value plus 100% of Rehab Costs.
Recourse
Depending on the loan amount:
- Loans less than or equal to $2MM: Full Recourse.
- Loans greater than $2MM: You can choose between Full Recourse or Limited Recourse with bad-boy carveouts.
- Loans less than or equal to $2MM: Full Recourse.
- Loans greater than $2MM: You can choose between Full Recourse or Limited Recourse with bad-boy carveouts.
RELM’s Multifamily Bridge Loans
With RELM’s Multifamily Bridge Loans, you gain a dependable partner dedicated to helping you and your customers transform multifamily properties. Whether you’re acquiring, renovating, or refinancing multifamily assets, our financing solutions are designed to make the process straightforward and accessible.
Get Started Now
Your next multifamily investment project is within reach. Contact RELM today to explore how our Multifamily Bridge Loans can empower you to turn your multifamily property aspirations into reality.
RELM Multifamily Term Loans: Secure Long-Term Financing with Ease
RELM simplifies the process of securing long-term financing for multifamily properties, providing a reliable funding source for landlords, multifamily investors, and property managers seeking to manage properties with 5 to 10 units. Whether you’re looking for stable, long-term financing, RELM is here to support your multifamily investment needs.
Key Multifamily Term Loan Terms
Property Types:
We specialize in financing 5 to 10 unit residential properties, catering to the specific needs of multifamily investors.
Loan Amount:
Our multifamily term loan amounts range from $250,000 to $3,000,000, offering financing options suitable for a variety of multifamily properties.
Loan Types:
Choose from two primary loan types:
- 30-Year Fixed Rate Mortgage.
- Hybrid ARMs with options such as 5/6, 7/6, and 10/6, allowing you to select between Partial Interest-Only or Fully Amortizing payments.
Recourse:
You can opt for either Full Recourse or Non-Recourse loans with bad-boy carveouts and Pledge of Equity of Borrowing Entity, giving you flexibility in structuring your loan.
Term Length:
Our multifamily term loans have a 30-year term, providing you with long-term stability and predictable payments.
Maximum Loan to Cost (LTC)
If Owned for less than 3 months: Up to 70% of Total Cost Basis.
- If Owned between 3 and 6 months: An additional 5% haircut on Max Eligible LTV applies.
- If Owned between 3 and 6 months: An additional 5% haircut on Max Eligible LTV applies.
Maximum Loan to As-Is Value
Purchase/Rate-Term Refinance: Up to 70%.
- Cashout Refinance: Up to 70%.
- Cashout Refinance: Up to 70%.
Minimum Debt Service Coverage Ratio
The required ratio ranges from 1.20x to 1.40x, depending on the subject market classification (Top, Standard, Small, Very Small).
Minimum Guarantor FICO
A mid-score of 680 is required to qualify for our multifamily term loans.
Lease Requirements
To meet lease requirements, you need a minimum occupancy rate of 90% by unit count. For leased units, the lower of In-Place Rent and Market Rent applies, while unleased units must meet 90% of Market Rent (applicable to Purchase Loans only).
RELM’s Multifamily Term Loans
With RELM’s Multifamily Term Loans, you can secure stable, long-term financing for your multifamily properties. Whether you’re refinancing, purchasing, or managing multifamily assets, our financing solutions are designed to simplify the process and provide you with the financial stability you need.
