MULTI-FAMILY LOAN

Fix and Flip

Short-term financing for 5+ unit

Looking for Funding for Mixed-Use & Multi-Family Properties?

Fast Private Lending LLC Provides Short-term bridge financing, fix and flip financing, & long-term rental financing for 5+ unit apartments & mixed-use Real Estate.

Collateral:

Multi-Family Apartment Buildings (5+ Units); Mixed-Use Properties (Residential Space is Great than 50% of Square Footage)

TERM:

18 Months (Extended Terms Available)
30-Years (Amortization Options Available)

Loan Amount:

Short-Term: $250k – $10M ($1M Max per unit)
Long-Term: $250k – $3M

FICO

Short-Term: 620 Minimum

Long-Term: 680 Minimum

LTV Stabilized Bridge

Purchase: Up to 80% of the As is Value

Refinance: Up to 75% of the As is Value

Cash-Out: Up to 65% of the As-Is Value

LTV Fix & Flip

Purchase: Up to 85% of the Purchase Price + 100% of Renovation Costs

Refinance: Up to 75% of the As-Is Value + 100% of Renovation Costs

Cash-Out: Up to 65% of the As-Is Value + 100% of Renovation Costs

LTV Long-Term

Purchase: Up to 75% of the As-Is Value

Refinance: Up to 75% of the As-Is Value

Cash-Out: Up to 70% of the As-Is Value

LOAN PROGRAM TYPICAL LEVERAGE & RATES

STABILIZED BRIDGE

	Maximum Loan-To-Value
Purchase	Up to 80% of the As-Is Value
Refinance	Up to 75% of the As-Is Value
Cash-Out	Up to 65% of the As-Is Value

FIX & FLIP

Experienced Customer –(Completed 3+ Flips or Owned 3+ Rentals in the last 3 Years)

Light Rehab

	Maximum After-Repair Value	Maximum Loan-To-Value
Purchase	Up to 75% of the ARV	Up to 85% of Purchase Price + 100% of Rehab Costs
Refinance	Up to 65% of the ARV	Up to 75% of As-Is Value + 100% of Rehab Costs
Cash-Out	Up to 60% of the ARV	Up to 65% of As-Is Value + 100% of Rehab Costs

Heavy Rehab*

	Maximum After-Repair Value	Maximum Loan-To-Value
Purchase	Up to 65% of the ARV	Up to 75% of the Purchase Price + 100% of Rehab Costs
Refinance	Up to 60% of the ARV	Up to 65% of As-Is Value + 100% of Rehab Costs
Cash-out	Not Permitted	Not Permitted

*Rehab Budget is great than or equal to 100% of “As Is” Value (for purchase & refinance) or purchase price (of a purchase), involves more than a 20% expansion of the property of at least 750 sq ft, or involves a change of use.