Those sponsors interested in a fast and reliable source of financing for their apartment buildings, our product is a perfect choice. With leverage up to 80% for the purchase amount and up to 100% of the repair costs, OCL’s multifamily bridge loan give investors the flexibility and capital to take their value-add projects to the next level.
Loan Terms
Loan Amounts: Minimum $500k to Maximum $20M
Leverage: Up to 80% of Purchase and 100% of Repairs
LTC: Up to 85%
Max LTV: Up to 70% of the stabilized value
Rate: L+ 375 – L+700
Eligible Properties: Apartments 5-350 Units (Per door minimum $30K)
DSCR: No minimum at acquisition
Points: Determined by the property, sponsor, and loan
Closings: In as little as 20 business days
Amortization: Interest Only (No interest charged on non disbursed funds)
Loan Term: 12-36 Months
Guarantee: Non-Recourse and Recourse Options
Credit: Minimum FICO 640
Advantages of Multifamily Bridge Loans
- Specialize in Value- add projects
- Fast closings in as little as 15 business days
- No DSCR Minimum required at purchase