MultiFamily.Loans

About MultiFamily.Loans

Based in Miami Beach, FL, MultiFamily.Loans is a private lender providing funding across the United States. They provide cash out hard money loans, long term rental property loans, hard money construction loans, short term bridge loans, short term fix and flip loans, and commercial hard money loans. They offer loan amounts starting from $1,000,000 with a maximum LTV of 65%, terms between 6 months and 3 years, and rates from 12%. They will make loans on various property types, including multi-family, apartments, office units, retail storefronts, hotels and motels, storage buildings, assisted living communities, mixed use, undeveloped land, churches, warehouse spaces, industrial facilities, and medical facilities.

Loan Types Offered: Investment Property Loans, Fix and Flip Loans, Commercial Hard Money Loans, New Construction Loans, Refinance / Cash Out Loans, Bridge Loans

Property Types Covered: Multi Family, Apartment, Office, Retail, Hotel, Storage, Assisted Living, Mixed Use, Land, Church, Warehouse, Industrial, Medical

Areas Served: National

Lending Guidelines for MultiFamily.Loans

Below are the general loan guidelines published on the MultiFamily.Loans website. Please confirm all terms and rates directly with the lender.

Loan Examples

The following loans are for education purposes only. They do not represent actual loans executed by MultiFamily.Loans.

Loan Example 1

Jolene takes a private money loan from MultiFamily.Loans in order to renovate a townhome to resale in Raleigh, NC. The sales price of the house is $160,000. The loan to value (LTV) on the loan is 75%. This means that Jolene will have to bring 25% of the sales price to the closing and the principle amount will be $120,000 on the loan. The parameters of the loan dictate a 9% note for 12 months. They also require a 3 point origination fee, that will also have to be paid at closing.

In addition to paying the $3,600 origination fee, Jolene will also fund $40,000 of the purchase with her own money, or 25% of the sales price. she will then pay $900 monthly to the lender. At the expiration of the loan, she sells the rehabed house for $224,000. After deducting the $10,800 in interest expenses ($900 times 12 months), the $3,600 origination fee, the $120,000 principle amount on the loan, and the $40,000 she brought to the closing, she will make a total profit of $49,600 ($224,000 sales price minus $174,400 in costs). This profit would be reduced by any renovation costs paid by Jolene.

Loan Example 2

Ernestine is a an investor in Tacoma, WA. She locates a run-down townhouse for a remodeling project and takes a private money loan from MultiFamily.Loans with the following paramters:

$170,000 sales price
80% loan-to-value (LTV)
18 month term
11% rate of interest
3% origination fee

Ernestine plans to list the project when the note expires for $212,500. If she accomplishes her goal, the outcome would be the following:

$212,500 sales price
- $136,000 loan principle (80% LTV)
- $34,000 cash paid at closing (20% on 80% LTV)
- $4,080 origination fee (3% of the $136,000 principle)
- $22,440 total interest paid (18 months x 11% interest)
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= $15,980 gross profit (does not include taxes or rehab costs)

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