Mixed Use / Multi Family
Get Approved for Mixed Use or a Multi Family Loan Today
If Multi Family and/or Mixed Use properties are your target areas of investing, then First Rehab Lending has a program designed just for you.
First Rehab Lending’s loan programs are the leaders in financing nationwide. Our program consists of minimal down payment, Up to 85% LTV and 12+ month terms. This exclusive loan program provides you with the flexibility and leverage to profit on Multifamily & Mixed-use investment opportunities. With our quick and efficient lending terms, you will have access to fast and easy funding… Get started today!
Term: 12 months term with an option of extension
Non-Owner 2-4 Units
Loan Amount: Up to 1.25 Million
Loan to Value: 85% LTV
Rehab Funds: 100%
Max After Repair Value: 75% ARV
Interest Only Starting at: 8.99%
No Pre-Payment Penalty
Foreign Nationals
| LIEN POSITION: | First Mortgage Only |
| STANDARD TERM: | 12 Months |
| POINTS: | Paid at Closing |
| CLOSING COSTS: | Paid at Closing |
| REQUIRED DOCUMENTS | 1. FRL Loan Application 2. FRL Credit Authorization 3. Construction Cost Sheet 4. Appraisal – Credit Card Authorization 5. Copy of valid Soc. Sec. Card & Driver’s License 6. Bank Statements: Most recent 2 months supporting Cash Reserves, Down Payment, & Closing Fee’s. 7. LLC or Partnership: Proof of Publication, Articles of Organization, Operating Agreement, Member Resolution & Percentage of Ownership 8. 1 year proof of Home Owners Insurance |
| CLOSING | Quick and Efficiently |