Multi-Family Loans
Financing for 5+ units, apartment buildings, and mixed-use
Green Block offers a variety of short- and long-term financing for 5+ units, apartment buildings, and mixed-use properties. Whether you’re an investor who is purchasing, refinancing, cashing-out, or building multi-family properties, we have a loan product that will meet your needs.
High LTVs
Fast Funding
Non-QM Loans
Multi-Family Loan Details
Short-term Financing |
Long-term Financing |
|
|---|---|---|
| Loan Types | Bridge, Fix and Flip, Refinance, or Cash-out | Purchase, Refinance, or Cash-out |
| Property Types | Multi-Family Apartment Buildings (5-9Units); Mixed-Use Buildings (Residential Space Must Be Greater Than 50% of Square Footage) | Multi-Family Apartment Buildings (5-9Units); Mixed-Use Buildings (Residential Space Must Be Greater Than 50% of Square Footage) |
| Loan to Value (LTV)* | Stabilized Bridge Purchase: Up to 75% of the As-Is Value |
Purchase: The Lesser of Up to 70% of the As-Is Value or Up to 70% Loan-to-Cost |
| Loan to Value (LTV)* | Stabilized Bridge Refinance: Up to 70% of the As-Is Value |
Refinance: Up to 70% of the As-Is Value |
| Loan to Value (LTV)* | Stabilized Bridge Cash-Out: Up to 65% of the As-Is Value |
Cash-Out: Up to 65% of the As-Is Value |
| Loan to Value (LTV)* | Fix & Flip Purchase: Up to 80% of the Purchase Price + 100% of the Rehab Costs |
N/A |
| Loan to Value (LTV)* | Fix & Flip Refinance: Up to 70% of the As-Is Value + 100% of the Rehab Costs |
N/A |
| Loan to Value (LTV)* | Fix & Flip Cash-Out: Up to 65% of the As-Is Value + 100% of the Rehab Costs |
N/A |
| Term | 12-18 months (extended terms may be available) | 30 years |
| Amortization | Interest-only | Fully amortized, fixed rate available. 5, 7, 10 year interest-only options available. |
| Pre-Payment Penalty | N/A | 0-5-year stepdown pre-payment options |
| Rates | Starting at 10.99% | Starting at 7.49% |
| DSCR Minimum | N/A | 1.20 |
| Property Condition | Stabilized or rehab needed | Rent-ready |
| Minimum Experience | None | None |
| Minimum FICO | 620 | 680 |
| Loan Amount | $250,000 to $10 million | $250,000 to $3 million |
| Minimum Property Value | Fix and Flip: $35,000 per door (As-Is); $50,000 per door (ARV) Stabilized Bridge: $50,000 per door |
$50,000 per door |
| Borrower Type | US-based business entities. Foreign National guarantors permitted. | US-based business entities. Foreign National guarantors permitted. |
* Max LTV based on factors such FICO, experience, property type
Rental Portfolio Loan Application Process
Our loan process is simple and designed to help you close quickly and seamlessly. We know that time is money and our team’s goal is to help you move fast.
