Multi-Family Loans

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ESU-Global offers SHORT-TERM bridge financing, fix and flip financing, & LONG-TERM rental financing for 5+ unit apartments.

SHORT-TERM Loan Criteria

Collateral

Multi-Family Apartment Buildings (5+ Units); Mixed-Use Properties (Residential Space is Great than 70% of Square Footage)

Term:

12 – 18 Months (Extended Terms Available)

Loan Amount:

Short-Term: $250k – $10M ($1M Max per unit)

FICO:

Short-Term: 620 Minimum

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 Renovation Costs
Refinance: Up to 70% of the As-Is Value + 100% of Renovation Costs
Cash-Out: Up to 65% of the As-Is Value + 100% of Renovation Costs

OTHER CONSIDERATIONS:

STABILIZED BRIDGE PROGRAM

Type	Maximum Loan-to-Value (LTV)
Purchase	Up to 75% of the As-Is Value Loan-to-Value (LTV)
Refinance	Up to 70% of the As-Is Value
Cash-Out	Up to 65% of the As-Is-Value

FIX & FLIP – EXPERIENCED BORROWER*

REHAB TYPE	Maximum Loan-to-Value (LTV)	Maximum Loan-to-After Repair Value
Light – PURCHASE	Up to 80% of Purchase Price + 100% of Rehab Costs	Up to 70% Loan-to-Cost
Heavy – PURCHASE	Up to 70% of Purchase Price + 100% of Rehab Costs	Up to 65% of the ARV
Light – REFI	Up to 70% of Purchase Price + 100% of Rehab Costs	Up to 65% of the ARV
Heavy – REFI	Up to 65% of Purchase Price + 100% of Rehab Costs
Light – CASH-OUT		Up to 60% of the ARV
Heavy – CASH-OUT	Not Available	Not Available

*Borrower must have completed 5+ flips in Last 3 Years. Heavy Rehab Budget is greater than 100% and less than 150% of the lower of “As Is” value (purchase and refinance) or purchase price (if a purchase), is a condo conversion, involves more than 20% expansion of the property of at least 750 square feet, or involves a change of use.

New Borrower

TYPE	Maximum Loan-to-Value	Up to 65% of the ARV
CASH-OUT	Up to 65% of the As-Is Value

New Borrower = Completed < 3 Flips in the Last 3 Years

LONG-TERM Loan Criteria

Collateral

Multi-Family Apartment Buildings (5-9 Units)

Term:

30-Years (Amortization Options Available)

Loan Amount:

$100k – $2M

FICO:

680 Minimum

LTV:

Stabilized Bridge
Purchase: Up to 67.5% of the As-Is Value
Refinance: Up to 67.5% of the As-Is Value
Cash-Out: Up to 65% of the As-Is Value

Other Considerations:

PURCHASES

FICO	Maximum Loan-to-Value (LTV)	Maximum Loan-To-Cost
740+	Up to 67.5% of the As-Is Value	Up to 67.5% Loan-to-Cost
700-739	Up to 60.0% of the As-Is Value	Up to 65.0% Loan-to-Cost
680-699	Up to 60.0% of the As-Is Value	Up to 6.0% Loan-to-Cost

REFINANCE

FICO	Maximum Loan-To-Value (LTV)
740+	Up to 67.5% of the As-Is Value
700-739	Up to 60% of the As-Is Value
680-699	Up to 50% of the As-Is Value

CASH-OUT

FICO	Maximum Loan-To-Value (LTV)
740+	Up to 65% of the As-Is Value
700-739	Up to 60% of the As-Is Value
680-699	Up to 50% of the As-Is Value

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