Looking for a Multifamily Bridge or Multifamily Long-Term Financing?
Contact Speritas Capital today to discuss options – bridge, construction, Fannie Mae, Freddie Mac, FHA, private loans.
Fill out the Contact Us form or call today (203-247-4358).
Bridge Loans through Speritas Capital feature:
- Loans from $500,000 to $50,000,000
- Maturities typically 1 year maximum
- Up to 85% of the total cost of acquisition and renovation, depending on property type
- Interest only
- Often no prepayment penalties
- Non-recourse and partial recourse
- Senior loans, mezzanine, and preferred available
- Property types: Multifamily, mixed use, office, industrial, self-storage, retail centers, hospitality, apartment complexes, warehouses, shopping malls, undeveloped land
Long-Term Multifamily Loan Features:
- Loans from $500,000 and up (no max)
- Available for acquisition or refinancing (including cash out)
- Nationwide lending
- Fannie Mae, Freddie Mac, FHA and CMBS non-recourse programs
- Private mortgages available based on property value and borrower credit
- Adjustable rate and fixed rates, rate locks available
- Debt service coverages ratios from 1.2-1.4x in most markets
- Up to 85% LTV
- 10-40 year maturities and amortizations
- Multiple prepayment options
- Bridge to permanent loans available for properties requiring rehab