Multi Family

Multi-Family Loans

Short-term & long-term financing for 5+ unit apartments and mixed-use properties.

Looking for Financing Specifically for Multi-Family & Mixed-Use Properties?

The Cahital Republic Capital offers short-term bridge financing, fix and flip financing, & long-term rental financing for 5+ unit apartments & mixed-use properties.

LOAN CRITERIA

Collateral:

Multi-Family Apartment Buildings (5+ Units); Mixed-Use Properties (Residential Space is Great than 50% of Square Footage)

LTV:

Stabilized Bridge
Purchase: Up to 75% of the As is Value
Refinance: Up to 70% of the As is Value
Cash-Out: Up to 65% of the As-Is Value

Term:

18 Months (Extended Terms Available)
30-Years (Amortization Options Available)

Fix & Flip

Purchase: Up to 80% of the Purchase Price + 100% of Renovation Costs
Refinance: Up to 70% of the As-Is Value + 100% of Renovation Costs
Cash-Out: Up to 65% of the As-Is Value + 100% of Renovation Costs

FICO:

Short-Term: 620 Minimum
Long-Term: 660 Minimum

Long-Term

Purchase: Up to 80% of the As-Is Value
Refinance: Up to 75% of the As-Is Value
Cash-Out: Up to 75% of the As-Is Value

LOAN PROGRAM TYPICAL LEVERAGE & RATES

STABILIZED BRIDGE

	MAXIMUM LOAN-TO-VALUE
Purchase	Up to 75% of the As-Is Value
Refinance	Up to 70% of the As-Is Value
Cash-Out	Up to 65% of the As-Is Value

FIX & FLIP

		MAXIMUM AFTER-REPAIR VALUE	MAXIMUM LOAN-TO-VALUE
	Experienced Customer -(Completed 3+ Flips or Owned 3+ Rentals in the last 3 Years)
Light Rehab	Purchase	Up to 70% of the ARV	Up to 80% of Purchase Price + 100% of Rehab Costs
	Refinance	Up to 65% of the ARV	Up to 70% of As-Is Value + 100% of Rehab Costs
	Cash-Out	Up to 60% of the ARV	Up to 65% of As-Is Value + 100% of Rehab Costs
Heavy Rehab*	Purchase	Up to 65% of the AR	Up to 70% of the Purchase Price + 100% of Rehab Costs
	Refinance	Up to 60% of the ARV	Up to 65% of As-Is Value + 100% of Rehab Costs
	Cash-Out	Not Permitted	Not Permitted

Light Rehab	New Customer -(Completed < 3 Flips or Owned < 3 Rentals in the last 3 Years)
	Purchase	Up to 65% of the ARV	Up to 70% of Purchase Price + 100% of Rehab Cost

*Rehab Budget is great than or equal to 100% of “As Is” Value (for purchase & refinance) or purchase price (of a purchase), involves more than a 20% expansion of the property of at least 750 sq ft, or involves a change of use.

LONG-TERM RENTAL

Purchase	FICO	Maximum Loan-to-Value (LTV)	Maximum Loan-to-Cost (LTC)
	680+ (Experienced)**	Up to 80% of the As-Is Value	Up to 80% Loan-to-Cost
	680+ (Inexperienced)**	Up to 70% of the As-Is Value	Up to 70% Loan-to-Cost

Refinance	FICO	Maximum Loan-to-Value (LTV))
	680+ (Experienced)**	Up to 75% of the As-Is Value
	680+ (Inexperienced)**	Up to 70% of the As-Is Value

Cash - Out	FICO	Maximum Loan-to-Value (LTV))
	680+ (Experienced)**	Up to 75% of the As-Is Value
	680+ (Inexperienced)**	Up to 70% of the As-Is Value

**Experienced is defined as meeting the following criteria:

Owning 2 or more properties for 12+ months, or
Owning 1 investment property for 24+ months, or
Ownership in commercial real estate, or
Ownership in 3 or more properties over last 24+ months Final loan terms may vary based on loan types,verification of application information, and other risk-based factors.