Multifamily Bridge Loan - Hard Money Lender Direct

Get Your Multifamily Bridge Loan From A Trusted Direct Hard Money Lender!

Hard Money Lender Direct can provide you with access to the best multifamily bridge loan programs available in just a matter of minutes. The direct lenders in our network offer great rates on multifamily loans, for both renovation and new construction. Our lenders are fast to approve multifamily bridge loans and can close quickly. Just click the get started button and provide just a few quick pieces of information. No credit check, no obligation, and it’s FREE!
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What is a hard money multi-family bridge loan?

A multifamily bridge loan is for investors who are looking for fast funding to acquire and reposition apartment properties. Usually, the investor will add value to by leasing the property up, increasing rents, and/or renovating the property. Once the property is stabilized and has 3-6 months of operating history, the borrower will sell or refinance the property with a permanent multifamily loan. Permanent lenders are usually a bank or a government sponsored entity like Fannie Mae or Freddie Mac. These multifamily bridge loan programs offer terms of up to 36 months to provide enough time for the borrower to go through this value-add process. Our hard money lenders approve multifamily loans in a matter of days, whereas a bank can easily take a month or longer.
multifamily bridge loan lender
multifamily bridge loan

How do I get a multifamily bridge loan from a hard money lender?

It’s easy to get a multifamily bridge loan from a hard money lender! Unlike conventional sources, our lenders require a lot less paperwork and a lot less time. Once you get the property under agreement, you fill click get started above. You’ll need to provide some very basic information on the property. Then, in just a matter of minutes, we’ll connect you to one or more lenders we feel provide you with the best multifamily loan programs. From this point on you will work directly with the hard money lender we introduce you to, no mark up from us. These bridge loan lenders will likely need a purchase contract, a rent roll, a proforma, and an estimate of value. If you are looking for a renovation or new construction multifamily loan, you will also need to provide a budget. The lender will also want to know about your experience investing in the multifamily space. It usually takes the lender a day or two to complete their preliminary underwriting and issue terms for you to review. At that point, you will decide whether their multifamily loan terms make sense in order for you to move forward. There is no obligation on your part, and the process is completely FREE.

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Multifamily Bridge Loans: Pros and Cons

A multifamily bridge loan is a financial tool used by investors to effectively bridge the gap between point A and point B. It could be that they need time to renovate and stabilize the property before going with permanent financing. Another example is they need time to increase rents in order to maximize the property’s value before the put long term financing on it. A multifamily bridge loan can be used for a number of reasons. Here are some pros and cons:

Pros
Loan amounts are determined by total project cost or completed value, not “as is” value.
Fast approval and closing process.
Flexible loan structures.
Construction funding allowed.
Cons
Higher rates than conventional permanent financing.
Loans are short-term, generally only 24 months.
You have to pay for closing costs twice, within a 24 month period, to sell or refinance the property.