Bridge Loans for Small Multifamily Acquisition

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2 years ago
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bridge loans bridge financing underwriting multifamily multifamily financing multifamily loans multifamily finance multifamily lending multifamily real estate multifamily real estate investing stabilized bridge loan bridge loan versus hard money

Bridge Loans for Small Multifamily Acquisition

I am under contract to buy a 4plex. Units are all rented and the rents are well under market rents. My plan is to rehab the exterior and interior units and furnish them. I will rent as short term and mid-term rentals. What’s the best way to get the highest leverage? I own 2 STRs right now and also have flipped 2 properties over the past couple years. So I do have some experience. Purchase details below.

Purchase price $495,000
Rehab budget $60,000
ARV $700,000
Credit score: 740 plus

Timestamps
[00:49] For residential, use standard bridge or fix and flip financing
[01:05] How much loan amount could you do?
[01:16] Beau recommends a two-year bridge loan, depending on how the numbers work
[01:32] Fix the property and occupy from a short-term or midterm basis
[01:50] What’s the best way to get the highest leverage?
[02:44] Refinance as non-owner occupied
[02:50] A perfect example of doing a fix and flip loan

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#MultifamilyInvesting #bridgefinancing #bridgeloans

_________________________________________________________________________________________________ About Beau: Beau Eckstein is a real estate entrepreneur, TV personality, and commercial mortgage advisor, specializing in construction financing and multi-family lending.
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