Multifamily Bridge
- LTC: Up to 85% of the Purchase Price + 100% of Construction Costs
- Rates: Starting at 9.99%
- Loan Amount: $250,000 to $15,000,000
- ARLTV: Up to 75%
- Term: Up to 36 Months Interest Only With Monthly Payments Up to $30,000.00
- Ongoing Advance Available Direct Lender/Institutionally Owned
Multifamily Ground-Up Construction
Loan Options
- 100% of Construction Costs + Interest Reserve with Land as Down Payment (Up to $100,000 Ongoing Advance Available in Addition to Normal Draws)
- Up to 80% of Purchase Price + 80% Construction Costs
- Up to 85% Purchase Price + 85% Construction Costs with Interest Reserve
Terms
- Rates: Starting at 9.99%
- Loan Amounts: $250,000-$15,000,000
- ARLTV: Up to 65%
- Term: Up to 36 Months Interest Only Monthly Payments
Property Types Covered
- Multifamily Residential
- Multifamily Ground-Up Construction
- Mixed use Office/Retail with at least 50% multifamily
- Other Commercial (only available in Colorado, California, and Arizona)
MMTC Staff Loan Experience
MMTC has a seasoned staff of professional loan officers and processors to assist you. We have an accessible and experienced draw department to assist with the improvement escrow draws and complete your draw requests in a timely manner. Many of our executives and employees have been with the company for over a decade.
Property Types
We finance a variety of property types including but not limited to: multifamily residential, small shopping centers, offices, and industrial/warehouse properties.
Fast Approvals and Closings
We provide quick pre-approvals and quick closings (typically within one week, sometimes less). Many of our investors have secured and closed on contracts due to our speed which has allowed them to compete against other investor’s that submit “all cash” contracts.
Use of Funds
You can use our funds for new construction, rehabilitation of an existing space, or bridge financing prior to permanent financing.
Competitive Pricing
Our rates and fees are cheaper than many other private lenders and can provide much better rates than traditional hard money loans.
Borrower Flexibility
Properties may be titled in entities, such as limited liability companies (LLC’s), corporations, or partnerships. No limit on the number of investment properties already owned by the investor.
Have an administrative question?
FOR PAYOFFS: payoffs@merchantsmtg.com
FOR BILLING QUESTIONS: billing@merchantsmtg.com
FOR REPAIR DRAWS: draws@merchantsmtg.com
FOR AUTOMATIC DRAFT PAYMENTS (ACH): ach@merchantsmtg.com
FOR VERIFICATION OF MORTGAGE: vom@merchantsmtg.com