Multifamily Commercial Mortgage Programs

As a Commercial Mortgage Lender and Broker FBC Funding offers a variety of Multifamily property and Mixed Use property loan programs. We not only offer Hard Money and Bridge loans, we also offer Agency, CMBS, Bank, Alternative, Soft Money and Private Money Small Balance Commercial Mortgages loans including ground up construction programs. When we discuss Multifamily Commercial Mortgage Programs we are specifically referring to residential multifamily properties with five or more units. If you are looking for financing on a multifamily property of two to four units that would be covered under our residential program. Generally, the down payment, rates and closing costs are lower for a residential two to four unit multifamily property than they are for a commercial multifamily property with five or more units. Ultimately, whether residential or commercial multifamily mortgage programs, we have many options for apartment loans.

Agency Multifamily Commercial Mortgage Programs

Agency Multifamily Commercial Mortgage Programs are for residential multifamily and residential mixed use properties, where the minimum loan is $1,000,000, the loan to value is between 75% and 85% plus the rates are usually the lowest rates in the market. These full document loans are almost always lower costs and lower rates than Bank programs and are non recourse. If you currently are financed through your local bank and want better terms consider our Agency financing program. The Agency Multifamily Commercial Mortgage Programs are conventional financing for apartment buildings and mixed use properties that are primarily residential.

Bank Commercial Multifamily Mortgage Programs

The Bank loan programs are for commercial real estate properties with a minimum loan amount of $250,000 for Residential Multifamily and Mixed Use properties and $750,000 for all other property types. Loan to values range from 65% to 80% depending on the property type, loan purpose, cash flow, credit and experience. Rates are good and compete favorably even with local bank programs. Our Nationwide Multifamily Commercial Mortgage Programs offer opportunities where local banks may have limited funds or stricter guidelines or do not lend at all. FBC Funding specializes in commercial and residential multifamily, mixed use, office, light industrial and retail property types.

Alternative Multifamily Commercial Mortgage Programs

Alternative multifamily, mixed use and commercial mortgage loan programs are provided through portfolio small balance funds that create their own guidelines that are more liberal than Banks and Agency financing. They offer stated income and bank statement programs for borrowers with good properties and good credit. There are many good real estate investors and cash flowing properties that do not meet agency and bank guidelines that are better risk than hard money and bridge loans. The loan to values range for this program is 65% to 80% depending on property type. The best rates and highest loan to value options are for multifamily and mixed use properties. Rates are typically 2 to 3 points higher than Bank and Agency Programs. These funding options are a good alternative to Hard Money, Private Money and Bridge Loans. These are also include Soft Money Commercial Multifamily Mortgage Programs.

Hard Money – Bridge – Private Money / Multifamily Commercial Mortgage Programs

These loan programs are the same category of financing. These are all short term asset based real estate funding programs. Usually credit is less of an issue, the focus is on the property. Often used to rehab, lease up and stabilize property until the borrower can refinance the property into lower rate permanent financing. Most often used by investors who improve the value and then sell the properties or who need quick close with less documentation. Commercial multifamily and mixed use Fix and Flip financing uses Hard Money – Bridge – Private Money options. When we refer to Hard Money loans there could be an element of renovation for value add to the properties. Where as bridge loans generally signify the property does not have stabilized cash flow to qualify bank or agency financing.

Commercial Multifamily Fix and Flip Mortgage Funding

For purchases or refinances, we can fund Multifamily and Mixed Use fix and flip projects. These are short term loans to rehab multifamily or mixed use properties and the refinance or sell them. Non cash flowing and vacant properties are acceptable. No minimum debt service coverage ratio. Low minimum credit score options available in our Multifamily Commercial Mortgage Programs for Fix and Flip Real Estate Investors. For experienced investors we offer 100% financing on the purchase and the rehab of multifamily and mixed use properties up to 65% of the after rehab value.

Ground up Construction Multifamily Mortgage Programs

We fund ground up construction financing of  Multifamily properties where we can offer up to 100% of the vertical construction costs. We also offer construction financing for Mixed Use Residential, Hospitality, Retail and Medical related properties. For these Ground Up Construction Multifamily and other Commercial Mortgage Programs there are many options primarily depending on the property type and the borrowers experience.

Second Mortgages Loans

We even offer second mortgages for small businesses who own commercial and or residential investment real estate. This program is a great way for small businesses to qualify for funding they might not have access to.  Learn More

 

Multifamily Commercial Mortgage Programs

The down payment, rate, terms and fees will vary depending on the property type, loan amount, experience and credit of the sponsor, as well as the level of income documentation. We offer many programs for all levels of real estate investors from first time investors to highly seasoned very experienced investors all with varying qualifications.

 

To help determine how we can help you, use this FREE, interactive Commercial Loan Wizard which has been designed to assist you based on your individual Commercial mortgage needs. The Commercial Loan Wizard is quick, it’s easy, and the more questions you answer – the more accurate your results!

Call FBC FUNDING today at 888-848-3114  or email louisj@fbcfunding.com