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SimpleBridge

Simplending provides the best loan service against 5 or more than 5 families’ purchase, renovation, and property stabilization. We provide you maximum leverage with some attractive rates along with non-recourse options. It will blow up your mind.

Taking such loan services from Simplending allows you and your borrowers to enable a bridge loan to help renovate and refurbish a property.

The best part of such a loan service is converting it into a long-term loan scheme. Simplending has successfully handled over 10M transactions, some involving multifamily bridges. Our expert team is dedicated to providing you with all financial support easily.

Best Deals

Simplending provides multifamily bridge loans to bridge the gap between present and future needs. It can give you the ultimate satisfaction in today’s volatile market. Here are some key points you’ll enjoy having our multifamily bridge loans.

LOAN CRITERIA
  • Collateral:
    Multi-Family Apartment Buildings (5+ Units); Mixed-Use Buildings
    (Residential space is greater than 70% of square footage)
  • Term:
    12 – 18 Months
  • Loan Amount:
    $250K** – $10M ($1M Max Per Unit)
    **Minimum value requirement of $35k per door. Subject to increase based on location.
  • 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
  • Fix & Flip
    Purchase: Up to 80% of the Purchase Price + 100% of the Rehab Costs
    Refinance: Up to 70% of the As-Is Value + 100% of the Rehab Costs
    Cash-Out: Up to 65% of the As-Is Value + 100% of the Rehab Costs
  • Credit Score:
    620 Minimum

Why Multifamily bridge?

Short Term Loan

Short Term Loan

You can get the loan amount in no time as a short-term loan. It makes the loan type favorite for most real estate companies.

Multifamily bridge loans

Multifamily bridge loans

Multifamily bridge loans from Simplending help you profit more from any property.

Quarterly Payment

Quarterly Payment

The best part of such a loan is that you don’t need to give monthly payments. You can repay the full payment quarterly or half-yearly.

Long Term Loan Scheme

Long Term Loan Scheme

The best part of such a loan is that you can convert the loan scheme into a long-term loan scheme. It means it is much more flexible to operate. Especially if you want to renovate or refurbish your interior, you can go with it.

FAQs

Four types of multifamily loans are available in the market: conventional loans, Government-backed loans, portfolio, and short-term loans. Multifamily bridge loans come in the form of the short-term loans category.

Multifamily bridge loans are a kind of short-term loan that helps to build a bridge to stabilize the financial property. These loans come in flexible tenures.

Not at all. You can get it with simple documentation from private loan providers like Simplending.

Providing ROI between 8.5- 10.5 %, multifamily bridge loans are much more expensive than traditional mortgages or home loans. However, clearing the EMIs in an accurate time can give you relief.

A bridge loan is calculated by adding the net loan with the interest amount. The calculation is influenced by the term for which you are taking the loan.

Several metrics help you to qualify for a bridge loan. For instance, you must have a good credit score for a real estate bridge loan. However, it would be best if you qualify with enough income to get it fast for your purposes.

Businesses can use bridge loans to pay utility bills, rent, payroll, etc. It is a short-term loan that applies to any business.

In the real estate industry, bridge loans can help you buy your desired construction to stabilize your status in the market. Moreover, as a real estate agent, you can use such loans to buy properties before selling.