Multifamily Bridge Loans

Multifamily property loans from Direct Money Lenders is our expertise. Applying for a hard money bridge multifamily apartment loan should be quick, private, and painless. We will work hard to secure the best rate and term for your multifamily mortgage loan. We provide private money financing solutions for many 5+ unit multifamily dwellings Nationwide. You can have confidence that Direct Money Lenders will understand your needs and goals. Give us a call or complete our online application and give us an opportunity to earn your business and demonstrate why we are the multifamily property financing leader.

This is a hard money apartment loan product. Our borrowers or properties usually don't meet the bank guidelines/timelines in one way or another. Hard money lenders are private lenders who either lend you their own money or get it from places such as private equity groups, hedge funds, mortgage pools, or deep pocketed individuals. Common since underwriting techniques are present and naturally the higher the risk means higher rates for you.

Multifamily bridge loan closings are fast. If the situation fits our loan parameters, and it makes sense, then it is very likely a loan solution will be offered to you. If you are looking for more permanent financing please visit our Multifamily Financing page where you can view more specific products and options.

We look for real cash and or equity into the deal. NO 100% financing. A quick and common sense answer is what DML strives to achieve.

Typical Hard Money Multifamily Property:

We serve clients in small, medium, and major metropolitan areas Nationwide. Whether you are looking to refinance an existing apartment building or purchase a new multifamily building, we more likely than not, have the loan programs to help get your deal funded.

Established markets 50,000 or greater population are preferred and will recieve preferred pricing but, we will consider other sub markets. - Rural properties are difficult - The market should display positive population and employment growth.

The apartment bridge loan is typically either a bank owned property, REO, ballooning or maturing note, non performing property, or 1031 exchange.

Call us today - 317-663-3153 - Virtually all Multifamily Property Types Considered!

Hard Money Multifamily Mortgage - General Guidelines:

Eligible Properties	Purchase - Refinance - Cash out - REO properties, Ballooning notes, Underperforming Properties, 1031
Minimum Loan Size	$250,000 - $15,000,000+ - Our micro balance loan equal lower loan amounts
Pricing	9.99% - 14.99% Interest only - 3% - 6% Origination points (paid at closing)
Loan Terms	12 - 36 months from initial investment
Prepayment Penalty	None
Personal Guarantees	Negotiable - Yes preferred..
Loan-to-Value	65% - 70% AS-IS maximum LTV- As completed LTV is not considered
New Equity Requirements	Typically no new cash for Refinance or cash out - Purchase minimum - enough to service the debt at a break even amount. - Min DSCR - 1.0 to receive preferred pricing.
Third Party Reports	Appraisal - Collateral value opinion Phase I environmental report/insurance DML Property inspection (case-by-case) ALTA title policy and land survey
Preliminary Submission Package For Hard Money Multifamily Loans:	1. Well written summary OR our online application - Top of page 2. Representative color photographs OR older appraisal 3. Current, detailed Rent Roll, including the unit mix 4. Historical & YTD operating statements 5. Why the need for Hard Money 6. Sources and uses 7. Resume or Bio