Bridge
Simple Funding can fund the purchase or refinance of 5+ unit properties that are stabilized or need renovation.
Program Details
Loan Types – Purchase, Rate and Term Refinance, Cash Out Refinance
LTV – Up to 90% LTV
Turn Times – Close in 3-5 business days from submission
Amortization – 6, 12, and 24 month terms available
Minimum Credit Score – 580
Loan Amounts – 50k to 2 Million
FAQs
What is a Multifamily Bridge Loan?
A Multifamily Bridge loan is a short term loan, usually 12-24 months, used to purchase or refinance 5+ unit properties until permanent financing can be secured.
Does the Multifamily Bridge Cover Renovation?
A Multifamily Bridge loan is a short term loan, usually 12-24 months, used to purchase or refinance 5+ unit properties until permanent financing can be secured.
Why a Bridge Loan?
A Multifamily Bridge loan is a short term loan, usually 12-24 months, used to purchase or refinance 5+ unit properties until permanent financing can be secured.
Is Prior Experience Required for Multifamily?
A Multifamily Bridge loan is a short term loan, usually 12-24 months, used to purchase or refinance 5+ unit properties until permanent financing can be secured.
What Third Party Reports are Required?
A Multifamily Bridge loan is a short term loan, usually 12-24 months, used to purchase or refinance 5+ unit properties until permanent financing can be secured.
A Multifamily Bridge loan is a short term loan, usually 12-24 months, used to purchase or refinance 5+ unit properties until permanent financing can be secured.
A Multifamily Bridge loan is a short term loan, usually 12-24 months, used to purchase or refinance 5+ unit properties until permanent financing can be secured.
A Multifamily Bridge loan is a short term loan, usually 12-24 months, used to purchase or refinance 5+ unit properties until permanent financing can be secured.
A Multifamily Bridge loan is a short term loan, usually 12-24 months, used to purchase or refinance 5+ unit properties until permanent financing can be secured.
A Multifamily Bridge loan is a short term loan, usually 12-24 months, used to purchase or refinance 5+ unit properties until permanent financing can be secured.
Rehab Loans Available in:
AL, AR, CO, DOC, FL, GA, IL, IN, KY, MA, MD, MI, MO, MS, NC, OH, PA, SC, TX, VA
Simple Funding was founded in 2006 with the goal of becoming a premier provider of loans for real estate investors. Our simple approach has always been to provide fast answers, great service, and reliable funding for our clients. Since 2006 we have provided millions of dollars in loans to local real estate investors who have improved properties, stabilized neighborhoods, created jobs, and built wealth.
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