Expand your Multi-Family Experience Sheet
Our multi-family bridge loans enable our investors to cash in on their dreams. With unbeatable rates and low fees, we allow our clients to make the most of their assets, and expand their portfolios.
We make it simple. Just fill out an application, and our in-house underwriting team will get to work. We’ll work with you to lock in the best rate and terms for your deal; plus, we cut out the middle man, so your loan can close faster than traditional lenders, with less red tape.
1. Submit Your Application
Fill out our quick and easy online application with the details of your deal. A BFG team member will be in contact to discuss possible next steps
2. Get Approved
Designed with your success in mind, our loan programs combine low fees, high leverage, and helpful underwriting to get your deals closed
3. Build Your Portfolio
With bridge financing, you are able to fund more unique deals, benefit from shorter terms, all while focusing on your long-term goals.
With terms designed to make your life easier and to get your deals closed quickly, Brooklyn Funding Group delivers top of the line creative and professional support. Review our general terms below, and see if BFG is the right firm for your project.
|Property Type||5+ Unit Residential Properties, Eligible Mixed-Use|
|Purpose||Acquisition, Reposition, or Refinance of Value-Add Multi-Family|
|Exit Strategy||Sale or Refinance|
|Loan Amount||$250,000 to $50,000,000|
|Max LTC||Up to 80% of Total Deal Costs|
|Max LTV||Up to 75% (based on as-stabilized or as-complete value)|
|Interest Rate||From 8.99%|
|Loan Term||12 months (no prepayment penalty)|
|Loan Origination Points||From 2%|
|Processing & Underwriting Fee||From $1495 (depending on deal size)|
|Legal Fee||From $1,000 (depending on deal size)|
|Appraisal||Pass-through costs starting at $2,000|
|Interest Reserves||Up to 12 months debt service coverage (dependent on in-place cashflow)|
|Maximum Amount of Capital Expenditures||No restrictions (large renovations accepted)|
For full lending terms, please download our Term Sheet PDF.
Not all borrowers will qualify for the lowest rate. Some exclusions apply by state.
Speak with a Lending Professional by calling 1-917-830-7144 or fill out the form below.