Every borrower deserves a loan and with our bridge loan product, those borrowers looking to refinance or purchase N/O/O SFR, 2-4-unit properties, 5+ unit multi-family, Mixed Use ,Office & Retail or Industrial, or to Construct, now have just that. We even finance properties in rural areas and those with minor to significant deferred maintenance. With just about any credit profile Muevo is the home for your next bridge loan request. Our bridge products are usually used by Real Estate owners that only want to borrow money for a short period of time (up to 60 months) then want to exit out of our loan to obtain bank financing.
- No Income Proof Needed
- No Income Stated on 1003
- No DTI Ratios
- No DSCR calculated on residential properties
- Rates as low as 5.5%
- LTV up to 80%
- Loan Amounts from $100,000 – $15,000,000
- Lending to LLC’s, S-Corp, Trust or Individuals.
- Property Types Include: SFR, Condo, 2-4 Units, Multifamily, Mixed-Use, Office, Retail & more
- Interest Only Option Available
- Foreign Nationals – OK
- 100% Gift Funds – OK
- Rural Properties
- Short Term and Long Term Bridge Options are Available
Portfolio Loans
| Loans for the Purchase, Refinance, or Cash-Out of your rental portfolio |
|---|
| Loan Amount | $300k- $100M |
| Interest Rate (ARM) | Starting at 5.5% |
| Interest Rate (30-year, fully amortized) | Starting at 5.5% |
| Loan Term | 5/1 ARM, 10/1 ARM, and 30-year fully amortized |
| Security | First Mortgage Lien or Deed of Trust |
| Loan-to-Value | Maximum 80% |
| Origination/Exit Fees | 2 – 4% |
| Recourse | Non-Recourse Available |
| Location | Top 150 MSA |
| Loan Type | SFR 1-4/PUDs/Condos |
| Geographical Focus | Nationwide |
VARIOUS TYPES COMMERCIAL REAL ESTATE FINANCING
Permanent Commercial Loans
Loan Highlights
| Loans to cover the costs of construction of permanent commercial properties |
|---|
| Loan Amount | $100,000 and up |
| Interest Rate | starting at 7.99% |
| Loan Term | Fixed rate periods from 5 – 20 Years |
| Amortization | Amortization periods up to 30 yrs (IO available) |
| Rate Lock | Forward rate locks maybe available |
| Pre-Payment | Flexible pre-payment structures available |
| Qualifying Parameters | -Senior debt to 75% LTV.
-Subordinate mezzanine debt to 85% LTV/ Preferred equity to 90%
-Minimum DSCR as low as 1.20x (Senior Debt) |
| Options | Acquisition or Refinance – Assumable |
| Recourse | Non-Recourse |
| Property Type | Industrial, Retail, Mixed Use and Self- Storage |
| Nationality | Foreign nationals eligible |
FHA/HUD SECTION 223(F)
| Market rate properties of any class, cooperatives, affordable or subsidized housing. |
|---|
| Commercial Space | Limited to 25% of net rentable area and 20% of effective gross income |
| Borrower | Single asset, special purpose entity, either for profit or non-profit |
| Interest Rate | Fixed for term of loan, determined by market conditions at time of rate lock. Rate lock deposit is 0.5% and refunded at closing. |
| Loan Parameters | For loan amounts up to $100+ Million |
| Term and Amortization | A maximum term of 35 years, fully amortized |
| Third Party Reports | Appraisal, Environmental and Capital Needs Assessment |
| Timing | Typical application is submitted within 45-60 days of engagement, followed by 60-90 days to issuance of HUD’s commitment and 30-45 days to closing. |
| Geographical Focus | Nationwide |
Contact Us to Find Out More
Finally, we have a great deal of experience with financing commercial real estate around the world in foreign areas. Contact us today to learn more about our programs.
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