Lending · First lien · $1M–$5M typical
Multifamily bridge financing
Short-term capital for apartment properties moving through a lease-up, a renovation, an acquisition or a loan maturity.
In short
Multifamily bridge financing is short-term capital secured by an apartment property, used while the property moves from a transitional condition to a sale, stabilization or longer-term refinance. Each request is reviewed by a principal, and every deal goes through underwriting.
Hard money lending guidelines
- Annual rate
- From 11.5%
- Origination
- From 2% of the loan amount
- Term
- 6 to 12 months
- Payments
- Interest only
- Loan-to-value
- Up to 70%
- Lien position
- First position only
Third party closing costs are separate.
Every term sheet is different. Every deal goes through underwriting and has specific terms. These are guidelines, not a commitment to lend.
When a multifamily bridge is used
The property has a defined plan, but its current occupancy, income or condition does not yet support conventional debt.
- An apartment property in lease-up
- A renovation of units or common areas in progress
- An acquisition of a property with below-market operations
- A maturing loan before the property has stabilized
What to send
Current operating detail matters most for an apartment property.
- Address, unit count and market
- Current occupancy and rent roll
- Operating statements
- Existing debt and maturity date, if any
- The amount sought, the deadline and the planned exit
How the request is reviewed
A principal reviews how the property operates today, the business plan and the exit. Every deal goes through underwriting and has specific terms.
Request loan terms
Submit a multifamily bridge request.
Questions
Answers before you ask.
- What is a multifamily bridge loan?
- A multifamily bridge loan is short-term financing secured by an apartment property, used to carry it through a transitional period until it is sold, stabilized or refinanced with longer-term debt.
- What should I include with a multifamily bridge request?
- The address, unit count and market, current occupancy and rent roll, operating statements, existing debt, the amount sought, the deadline and the planned exit.
- Is a request a commitment to lend?
- No. Every term sheet is different. Every deal goes through underwriting and has specific terms. The guidelines on this page are not a commitment to lend.
Nothing on this website is an offer to lend or a commitment of capital. All loans are subject to underwriting, due diligence, documentation and approval. Published lending guidelines are for general guidance only. Every deal goes through underwriting and has specific terms.
Next step
Apartment property in transition?
Send the property, the amount and the deadline. A principal will respond directly.