Hard Money Multifamily Bridge Loan Financing

We are looking for quality properties and Sponsors. Owner user, investor sponsors, or corporate entities that need a mortgage solution for acquisition, rate and term commercial refinance, or cash out. Most Multifamily properties such as Apartment complexes, Senior housing, Assisted living facilities, and Student housing mortgages are considered.

We look for real cash and or equity into the deal. NO 100% financing will be offered today. A quick and common sense answer is what you will receive.

Getting Started with Direct Money:

Simply take a few minutes to review/read our website. From there, please begin your loan approval by using our brief, online application at the top of this page, or call us to go over any of your questions. Generally, you will immediately get an answer if we think we can help or be given the reason(s) for not proceeding with the loan request.

Thinking positively, and presuming we can help, you will be assigned a dedicated representative and asked to gather additional details on both the property and the sponsor. Best efforts will be given to provide written responses within 48 hours of receiving all of the requested items. Once approved, a detailed Loan Terms (that clearly outlines the interest rate, mortgage term, loan costs, and the anticipated date of closing), will be issued.

Because most of the paperwork involved in our Apartment Hard Money process is minimized, and we can be flexible on underwriting guidelines, closing a Multifamily loan typically occur within 3 weeks, give or take a few days.

Throughout the loan process, your Direct Money Lenders representative will work closely with you to keep you informed and be available to answer any questions. The end result is that you get the service you want, the funding you need, when you need it....Solutions....Not excuses!

Most Multifamily Property Types will be Considered for Hard Money!

Hard Money Loan Multifamily - General Guidelines:

Eligible Properties Purchase - Refinance - Cash out - Bank owned - REO properties
Minimum Loan Size $500,000 - $20,000,000+ - Our micro balance loan can be lower loan amounts
Pricing 8.99% - 14.99% Interest only - 3% - 6% Origination points (paid at closing)
Loan Terms 12 - 36 months from initial investment
Prepayment Penalty None typically
Personal Guarantees Yes, preferred - NO PG's are possible with strong collateral and reasons
Loan-to-Value 65% AS-IS maximum LTV- As completed LTV is not considered today
New Equity (cash) Requirements Typically no new cash for Refinance or cash out - Purchase minimum - 10% - 20% of total projected cost
Third Party Reports Appraisal - Collateral value opinion
DML Property inspection (case-by-case)
Legal Opinion
ALTA Title policy/survey
Preliminary Submission Package For Hard Money 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

Don't take our word for it...

"I was able to cash out refinance a 68 unit multifamily apartment complex located in San Fransico,California that I had only controled for a short period of time. Competitive apartment quotes that turn in to reality. No Bull! Professional service!

Norway Hills LP, Columbia, South Carolina

"Purchasing my 34 unit multifamily apartment complex in Chicago, IL, I was able to achieve an 65% LTC bridge loan with a fixed interest only mortgage rate."

William Esler, Indianapolis, Indiana