Multifamily Bridge Loan

Multifamily Bridge Loan Program

The Fast & Reliable Multifamily Financing Solution
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Multifamily  
Bridge Loan Program

A "Multifamily-Bridge loan" loan is a short-term loan used to purchase or refinance a 5+ unit apartment complex. We provide the financing solution so that you can enjoy the residual income, cash flow, and future appreciation that comes with owning an apartment complex. Our multifamily bridge loan program puts you back in the driver's seat so that you can focus on what matters… expanding your commercial real estate portfolio. A Multifamily-Bridge loan is a great fit in the following situations:
  • When the property needs renovations.
  • When you are in a time crunch to close quickly.
  • When the property is not stabilized, leased up, or generating any income.
At World's Fair Capital, our Multifamily loans close very quickly... even in as little as 10-14 days starting at 7.99%! Our Multifaimily loans require no personal income verification and very little documentation.

 

Program Overview

Loan Amount:             $250,000 - $10 Million

                                     (larger loans case by case)


Term Length:              3 - 24 months


Max LTV:                     90%(Combined) 80%(Purchased)                                      75% (Refinance) 65%(Cash out)


Amortization:             Interest only


Interest Rate:             Starting at 7.99%


Credit Requirement:  575 FICO


Closing Time:              10 - 14 DaysLoan


Use:                             Purchase, refinance, cash-out,                                        construction, renovation

Pro's About
Multifamily Bridge Loans:

  • High Leverage (up to 85% LTC)
  • Quick Closing in 10-14 Days
  • Interest-only payments
  • No Income Documentation
  • No Debt Service Ratio
  • Rehab Funding Provided

What Do I Need To Qualify?

Simple... Equity in the property!
  • Origination Fee: 1.25% - 2.95% of the loan amount
  • Prepayment Penalty: None!








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Eligible Properties for Commercial Bridge Loans


Multi Family

Multi-family is a classification of housing where multiple units (5+) for residential use are contained within one or more buildings within one community or complex. At World's Fair Capital, we will lend to real estate investors looking to purchase or refinance multi-family properties with loan amounts of $250,000+.




Mixed Use

Mixed-use is a type of development that blends residential and commercial uses into one integrated complex or building. At World's Fair Capital, we will lend to real estate investors in the following scenarios: purchase, refinance, bridge to stabilization, bridge to sale, or bridge to construction take out on mixed use projects with loan amounts from $250,000+





Required Documents for Closing

Property Documents



  • Purchase Contract
  • Payoff Statement (if Refinance)
  • Rent Roll & Leases
  • Property Financials
  • Appraisal



Personal Documents


  • Loan Application (Download)
  • Track Record (Download)
  • Last 3 Months of Bank Statements
  • Driver’s License (Front & Back)
  • Passport/Visa (if Foreign National)
  • Loan Application (Download)
  • Track Record (Download)
  • Last 3 Months of Bank Statements
  • Driver’s License (Front & Back)
  • Passport/Visa (if Foreign National)


Business  Documents



  • Articles of Incorporation
  • Operating Agreement (LLC) or Bylaws (Corp.)
  • EIN Letter


Benefits of our Multifamily Bridge Loans:


  • Close in 10-14 Days
  • Up to 90% Combined LTV
  • Up to 80% LTC
  • Up to 75% LTV
  • Rates Starting at 7.99%
  • No Income Documentation
  • No DSCR or Occupancy Requirement
  • Low 575 Credit Requirement
  • No Prepayment Penalty



Loan Fees and Costs


  • Origination Fee: 1.50% + of the loan amount
  • Processing Fee: Based on Project Size
  • Underwriting Fee: Based on Project Size


Prepayment Penalties


  • None! (3+ months of minimum interest earned)


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