Short-term interest only rehab loan for multifamily, apartment.
Our business purpose program can be used to finance existing small and middle market investment properties and apartments that are stabilized or are in need of renovation with value-add or repositioning strategies.
Key Facts About Our Multifamily Commercial Loan
- Purchase, refinance, refinance cash-out or value-add/rehab
- 12-to-24-months, fixed rate, interest only loans
- Unlimited unit count, min $35,000 per door
- 5+ unit Multifamily
Grow your investor business with FACo. Bridge loans are ideal for temporarily holding assets.
Need more time to turn a property or complete your light rehab project? Consider a FACo Bridge Loan. Time is money, we offer both.
Key Facts About Our Bridge Property Loan
- As-is appraisal only, no ARV
- Rural properties allowed on case-by-case
- Minimum 660 FICO
- Foreign Nationals eligible
- Minimal experience required
12- or 18-month (case-by-case) property loan terms.
Get the financing you need for your fix & flip and fix & hold properties.
Our Fix & Flip Loans allow investors to acquire and/or renovate various types of properties.
Key Facts About Our Fix & Flip Loans
- NO prior experience required
- Extensive rehab financing available (budgets > 50% of total costs)
- Financing for up 100% of renovation expenses
- Foreign Nationals eligible
Ground-up construction financing for builders and investors
Our Construction Loans provide builders and investors the financing they need for ground-up construction and land acquisition.
Key Facts about our New Construction Loans
- Ideal for build-ready infill, tear down, and spec homes in urban locales
- Not for tract home projects or new subdivisions (10+ homes)
- Mid-Construction financing options available
- Loans available for single family and multi-family properties
- 12 or 18 month (case-by-case) loans terms
- Foreign Nationals eligible.
Purchase or refinance a single rental property with our DSCR Single Rental Loan
Our Single Rental Loan enables investors to purchase a new property to expand their rental portfolio. Investors use this Debt Service Coverage Ratio (DSCR) loan to refinance a property for a better rate, or take cash out to access equity.
Key Facts About Our Single Rental Loan
- DSCR loan with no W2s, paystubs, or tax returns required
- Minimum 660 FICO
- Single Family Rental (SFR), warrantable condos, townhomes, PUD, 2-4 units eligible
- Foreign Nationals allowed