Loan Term Rental for Multi-Family Apartment
Program Highlights• 5-20 unit buildings (flex up to 25 units), no mixed-use properties• Hybrid ARMS 5/1, 7/1, 10/1 and interest-only options available• Loan Amount: $250,000-$2M• LTV:o Purchase: Up to 75% of the purchase price (700+ score)o Refinance: Up to 75% of the As-Is Value (700+ score)o Cash-Out: Up to 70% of the As-Is Value (700+ score)• Rate: As low as 4.50%• Credit score: 680 Minimum • Prepayment penalty: 3 or 5-year step-down prepayment (3/2/1 or 5/4/3/2/1)• Minimum DSCR: 1.20, small markets will have higher thresholds, 1.30 for small markets, 1.40 for very small markets.
Please call Jeffrey Abraham at 720-999-1147 or email me at [email protected]
@Jon Schwartz thank for your response! This is very helpful. I am also a Los Angeles investor looking to house hack multifamily. I’d love to learn more about your experience and see the spreadsheet you’ve put together. Happy to connect any time!