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?

Essential You Group 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 55% of the As-Is Value

Term:

12 Months (6-Month Extension 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 60% of the As-Is Value + 100% of Renovation Costs

Loan Amount:

Short-Term: $250k – $5M ($1M Max per unit)
Long-Term: $250k – $2M

Long-Term

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

FICO:

Short-Term: 650 Minimum
Long-Term: 680 Minimum

Loan Program Typical Leverage & Rates

Stabilized Bridge

Fix & Flip

Experienced Customer - (Completed 3+ Flips or Owned 3+ Rentals in the last 3 Years)

Light Rehab

Heavy Rehab*

New Customer - (Completed < 3 Flips or Owned < 3 Rentals in the last 3 Years)

Light Rehab

*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.