• 30 & 40 Yr amortization
• Interest only programs
• Purchase, Refi, Cash-Out
• Up to 75% LTV
• In-house processing
• Close in as little as 30 days
Multi-Family Loan Programs
We see the big picture and present you with a variety of loan programs customized to fit your plans. From $500,000 to $10,000,000+ we can tailor your funding to match your pricing needs and investment objectives. With our team in your corner you can be confident in building your property portfolio.
Pair our Multi-Family program with our 1-4 unit cash out program or our bridge loan program for your down payment needs or to bridge a gap.
Permanent Financing for Apartment / Multifamily
Fidelity Bancorp Funding is one of the industry's top providers of conventional apartment / multifamily financing. We specialize in providing access to Federal Agency Loan Programs, and have loaned over $10+ Billion to investors interested in Fannie Mae DUS®, Freddie Mac and FHA financing programs. We've earned a reputation as a leader in permanent apartment / multifamily loan programs facilitating non-recourse, long-term, fixed & variable rates, interest only, fully-amortizing financing - we help determine the loan program that best suits your specific needs to provide you the ideal solution with the lowest cost of financing.
- Amortizations of 15 and 30 Years
- 3, 5, 7, 10, 15 Year Fixed Rate Terms
- No Prepay Options
- No Tax Return Options
- Monthly/Annual Leases Acceptable
- Interest Only
- A, B and C Property Types Considered
- Entity Ok
- Maximum LTV 80% / 85% CLTV
- Non Recourse
- A Minimum DSC of 1.15:1
- 60 Day Rate Lock
Mobile Home Parks may be eligible for our Apartment Loan Program with 15+ Pads. We’ll expect you to have property management experience for properties with 12 or more units, alternatively you can supply a property management letter and resume.
Repositioning Financing for Apartment / Multifamily
Fidelity Bancorp Funding offers aggressive private money loan (bridge loan) financing options for apartment and multifamily properties. Our aggressive financing strategy is used as a temporary capital solution allowing for a restructuring of the property's economics. In a meantime, our private money lending can simultaneously prepare the apartment / multifamily property for permanent financing or sale. Our private money loan (bridge loan) can be structured to meet owners' exit way to include capital expenses during the rehab process.
Whether you're acquiring or repositioning your apartment / multifamily building - private money loan (bridge loan) is uniquely suited to help investors in these scenarios cover expense in the short term until they can secure permanent funding. Each individual have very unique circumstances, but private money loan requirements remain pretty consistent at up to 70 - 75% LTV and a payoff date usually in less than 3 years.
Example Multifamily – Private Money Loan Solution
Loan Scenario: A Multifamily Building in Los Angeles, CA
Challenge: The escrow expected to close in under 40 days
Loan Solution: We underwrote the cash flow and use the estimate net equity in the borrower’s real estate portfolio, bank accounts, and liquidity to qualify.