Multi-Family Bridge Funding
Rates as low as 9%
Direct Lending Partners is the easiest and most reliable source of rehab funding for all of your funding needs. We focus on providing our borrowers the capital they need to fund their investments, in addition to the support, experience, and knowledge to help make these renovation and new construction projects profitable.
Don Wenner, CEO, and the Lending Team of Direct Lending Partners have funded more than 800 residential renovations and 200 new construction homes over the past 7 years and are experts in knowing how to make a rehab or construction project successful.
Once Direct Lending Partners pre-approves you for your new funding, you will no longer have to look anywhere else for your funding needs!
|Property Type||B & C Class Multi-Family|
|Purpose||Acquisition of “value add” multi-family|
|Location||Primary, Secondary and Tertiary markets|
|Exit||Sale or Refinance|
|LTC||70-75% of the purchase costs + CapX|
|Interest Rate||from 8%|
|Loan length||12 Months w/1-2 6 month extension options|
|Loan Origination Points||2-5 points|
|3rd Party Fees||$5,000-$15,000|
|Total Deal Size||$1,000,000-$100,000,0000|
|Time to Close||20 Days|
|Debt Service Coverage||No Requirement | Under 1.0 may require additional reserves|
|Pay-Off||No penalties or minimum interest|