Bridge Lending Small Multi-Family – Commercial bridge loans made easy by Gelt Financial
Multifamily, a classification of residential housing where multiple units (typically greater than 4), are within one or more structures within in a complex, has become one of the most sought after real estate asset classes over the last few years. While debt options are abundant for larger and institutional quality properties, debt is frequently unavailable for smaller projects and private investors. Due to the small size, multifamily bridge loans under $5 Million are very hard to come by and even harder to obtain when the property is not stabilized and borrower is not experienced and of the highest quality.
At Gelt Financial, we specialize in small-balance multifamily bridge lending, specifically those under $5 Million. We understand the requirements of the investors throughout the investment lifecycle, starting from the acquisition to the stabilization and because of that, we are able to understand get comfortable with most unique situations.
Why should you opt for small-balance multifamily bridge lending?
Small balance multifamily bridge lending is your best option if you need to close / refinance quickly, have an underperforming or non-stabilized asset, or are not a bankable borrower due to a low credit score or a troubled past. Gelt Financial focuses on understanding these unique situations and borrowers that may be passed over by more traditional lending sources.
The primary benefit of choosing small-balance multifamily bridge lending is the loan amounts will be determined by the overall project cost or the completed value and not on the in-place income or the borrower on the deal.
Loans are available for 10 to 150 unit stabilized, value-add, repositioning, and distressed properties with loan amounts varying from $1,000,000 to $5,000,000. Gelt offers same-day approvals with lending terms as short as 6 months up to 5 years. Recourse & non-recourse available and the mortgage brokers are always protected.
Why should you choose Gelt Financial for multifamily bridge lending?
Gelt Financial is a private non-bank lender that can provide quickly. We move fast with optimal transparency allowing more flexibility than any traditional bank. Our approvals and closings take minimal time and are usually provided within 24 hours. We specialize in value-add deals that are not stabilized and situations where the borrower has credit that is unacceptable to banks. Our flexible terms meet the requirements of the deal and borrowers and we have got the ability to invest equity on top of our first mortgages.
The benefits of choosing our multifamily bridge lending include:
- Recourse and Non-Recourse Financing
- Quick Closings
- Same Day Approvals
- Minimal Paperwork Required
- Income Verifications Not Required
- Understanding of Complex Transactions
- Understanding of Storied Loans
- Understanding of Storied Borrowers
- Availability to Foreign National Borrowers
- No Minimum Credit Score
Our multifamily bridge lending services include:
- Rehab and Value Added Deals
- Second Mortgages, Preferred Equity, and Mezzanine Financing
- No Seasoning Programs
- Note and Discounted Note Purchasing Financing
- Complex Transactions
- Blanket Loans for Increased Leverage
- Judgement Payoffs
- Joint Venture
Gelt Financial is always here to help you with a wide array of money lending requirements.