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 arranged by Speritas Capital typically feature:
- Loan sizes from $500,000 to $50,000,000
- Maturities from 1 to 3 years
- Up to 85% of the total cost of acquisition, depending on property type
- Up to 100% of renovation cost, depending on property type
- Interest only
- Minimal no prepayment penalties (usually 3-month minimum interest)
- Non-recourse and partial recourse available
- Mezzanine debt can be arranged for certain situations
- Property types: Multifamily plus mixed use, office, industrial, self-storage, retail centers, hospitality, apartment complexes, warehouses, shopping malls, undeveloped land
Long-Term Loans arranged by Speritas Capital typically feature:
- Loan sizes from $500,000 and up
- Acquisition, refinancing and 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 1.1-1.4x, market dependent
- Up to 80% LTV
- 10-40 year maturities and amortizations
- Multiple prepayment options
- Bridge to permanent loans available for properties requiring rehab
You may be in research mode and unsure about the best financing options for your project. We can help you think through your options and package the required information (property, cash flow, credit, project costs) in a way that optimizes your chances of approval. And we never take up-front fees.