| Hard Money Multifamily Loans | |
|---|---|
| Type of Collateral | Mix-use Structures, Apartment Structures with 5+ Units, Student Housing and Assisted Living Facilities |
| LTV | . Purchase: Up to 75% of the Purchase Price + 100% of Renovation Costs . Refinance: Up to 65% of the As-Is Value + 100% of Renovation Costs . Cash-Out: Up to 60% of the As-Is Value + 100% of Renovation Costs |
| Rate | Starting at 8.75 |
| Points | HomeBuild Mortgage Fee 1 Point Lender Fee 1-4 points |
| Term Length | 12-24 Months |
| Loan Amounts | 250K - 5 million |
| Borrower Experience Level | . New Investor 0-2 Flips or Rentals within the last 3 years . Intermediate Investor 3-10 Flips or Rentals within the last 3 years . Experienced Investor 10+ Flips or Rentals within the last 3 years |
| Borrower Credit Score | 660 Preferred - Sub 660 Credit may require Higher Down payments |
