- Compare bank and private lender options
- Internal underwriting to quickly size Multifamily loans
- Navigate different terms between lenders
- We send multifamily loans to banks for best pricing, and to private lenders for no doc or higher leverage
Key Parameters
Multifamily Bank Loan (Term)
- 20-25 year amo, 5 year fixed rate
- 1.20 min DSCR using bank metrics (subtract for vacancy and operating expenses)
- Full doc – 2 years personal and business tax returns, income and asset verification
- 70-75 LTV purchase
- 65-70 LTV refi
- Real bank
Multifamily DSCR Loan
- 30 year amo, 30 year fixed
- 1.10 min DSCR
- No doc or light doc
- 75 LTV purchase
- 70-75 LTV refi
- Private lender
Multifamily Private Bridge Loan
- 75% of purchase and 100% of rehab up to 80 LTC total
- Experience required
- Private lender
Nonbank Clearing Advantages
- Compare bank and private lender options
- Internal underwriting to quickly size multifamily loans
- Terms vary more for multifamily, so there is more value in having competitive bids