Benefit St Multifam (copy 01)

80% LTC Debt on Multifam Construction Completion and Takeout

August 25, 2020

Up To 80% LTV/LTC On Multifam Construction Takeout & Bridge!

 

Multifamily lease-up is, understandably, taking longer than expected around the country due to COVID-19.Luckily, we have a lender that we've worked with closely in the past who is aggressively pushing for multifamily construction take out and bridge extension deals.During the peak of COVID, they were one of the few active debt funds in the nation. They're closing deals and planning for a prosperous future. Right now they're looking to expand their Q3 and Q4 pipeline to finish the year strong in spite of the Corona Virus. While they're open to a number of different property types they're particularly interested in multifamily deals. They're looking for properties in good locations where it has taken longer than expected to lease up to pre-COVID expectations.This group is renowned for working diligently to get a deal done and make life easier so that everyone comes out on top. If you need a construction takeout loan, and/or a bridge loan extension then definitely look at their deal criteria below.

  • Deal Sizes: 

    • $10M+ 

  • Up to 80% LTV/LTC

  • Rate 

    • L+ 400 - 575

  • Term

    • Up to 5 years I/O

  • Non-Recourse

  • Geographics

    • Primary, secondary, and tertiary markets nationwide

  • Property types

    • Multifamily

If you have a deal that meets these criteria, then we should talk.Click the button below or shoot us an email and let's get started today! 

P.S.

 If you're brand new to the EN Capital newsletter; each week we promote a new capital source for a variety of commercial real estate properties. So if the above lender is not relative to you, the chances are high that we'll have the perfect capital source for you soon.

P.P.S.

EN Capital is a commercial real estate mortgage brokerage shop. 

We are not direct lenders.

P.P.P.S.

 If you have a commercial real estate deal, unrelated to the above, that needs capital right now reach out to us and let's chat!

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Nathan WhighamPresidentCA DRE Broker License: 01793655EN Capital Contact Info:www.encapital.com[email protected]Justin Direct Line: 323-521-4766