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E-mail:  info@serranocapitalgroup.com
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SHORT-TERM MULTI-FAMILY LOAN

A hard money loan intended for new and experienced real estate investors seeking funding for 5+ unit apartments and mixed-use properties nationwide.

Benefits for Borrowers

QUALIFICATION

  • 620 Minimum FICO Score
  • 12 Months of Cash Reserves
  • No Derogatory Public Records in the Past 2 Years

PRICING

  • $250,000 Minimum Loan Amount
  • $10,000,000 Maximum Loan Amount

LOAN TERMS

  • $50,000 Minimum Per Door Requirement
  • 18 Month Term
  • 6 Month Extension Available
  • No Pre-Payment Penalty

FEES

  • $25 Credit Check
  • Cost of an Appraisal
  • Points at Closing
  • $995 Legal Fee at Closing

REQUIRED DOCUMENTATION

  • Loan Application
  • 1 Month of Bank Statements
  • Corporate Documents

ELIGIBLE PROPERTIES

  • 5+ Unit Apartments
  • Mixed-Use Properties

LTV: 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

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

Quick Close

Close in 2 to 3 weeks or in as little as 10 days on repeat business.

Easy

Low documentation and simple application process.

Transparent

All fees and payments clearly disclosed.

Aditional Information

At Serrano Capital, we strongly emphasize the significance of being a dependable member of our clients’ teams and assisting them in reaching their objectives.
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