Multi-Family Term Loans
About Multi-Family Term Lending
Are you an investor looking to buy, refinance, or get cash-out for Commercial Multifamily or Commercial Mixed-Use properties? Fast REI Loans can help fund your investment needs. These types of properties offer a big chance to make a lot of money. We have an easy process that guarantees a great experience and fast closing.
Multi-Family Term Loan Details
Interest Rate:
Rates Starting at 8.49%
Loan Size:
Minimum Loan Amount $500,000
Max Loan to Value:
Up to 75% LTV
Credit Score (FICO):
Minimum Credit Score of 680
Loan Term:
30 Year Term Available
Property Type:
Eligible Mixed-Use and 5+ Unit Multifamily Properties
DSCR (Debt Service Coverage Ratio):
Minimum DSCR of 1.25
Limitation
No Special Use or Commercial Units Only
Frequently Asked Questions
These loans provide money to buy or refinance properties that combine residential and commercial spaces. The aim is to earn more money than what is being spent.
Many people buy properties to make money each month and sell them later for more money. Sometimes they buy a commercial property and fix it up to make the rent higher, so they can sell it for a lot of money later. They might sell it when it’s worth the most or when it’s too expensive to keep up.
Our business loans work like our home loans and come in different types, from adjustable-rate mortgages to a fixed-rate loan. We can adjust the loan payment schedule to fit the borrower’s needs.
This loan requires a minimum of $500,000 for certain kinds of properties and loans. If you don’t know if your property qualifies, please contact our team and speak to one of our experienced associates.