Multi-Family Bridge Funding

Rates as low as 8.49%

DLP Direct Lending Partners Multi-Family Bridge product allows investors to access high leverage financing for multi-family repositions. The common-sense approach to underwriting stems from DLP’s experience as operators in this asset class, enabling our partners to finance more complex deals and ultimately grow their portfolios. Being relationship-based, engaging with DLP provides assistance beyond capital, into due diligence and operational insights and more.

 

Property TypeA, B, & C Class Multi-Family
PurposeAcquisition, Reposition or Refinance of “Value-add” Multifamily
LocationPrimary, Secondary and Tertiary Markets
ExitSale or Refinance
Total Deal Size$500,000 to $50,000,000
LTCUp to 80% of Total Deal Costs
LTV (Based on As-Stabilized or As-Complete Value)Up to 75%
Interest Ratefrom 8.49%
Loan Term12-24 months
Loan Origination Pointsfrom 1.5%
Underwriting Fee As low as $1,995 Depending on Deal size
Legal FeeAs low as $1,000 Depending on Deal size
Third Party ReportsPass Through Costs (Approximately $5,000 to $10,000)
Time to CloseAs Quick As 20 Days
Debt Service CoverageNo Requirement | Under 1.0 may require additional reserves
Maximum Amount of Capital
Expenditures (
CapX)
No Restrictions (Large Renovation Projects Accepted)
Pre-payment PenaltyNo pre-payment penalties or minimum interest!