Secure new heights with a multifamily loan
The Stronghill Multifamily loan program is for properties with five or more attached residential units. Our best rates are for properties with cash flow that easily supports the debt service, but we also have asset-based programs for transitional, repurposed or low vacancy properties.
Mixed-Use properties with five or more units qualify for our multifamily program if the majority of the rental income comes from the residential units.
|Loan Size||$300,000 – $5,000,000|
|LTV Max / DSCR Min||75% / 1.20x|
|Rate Adjustments||Credit Score, Loan Size, Market Size|
|Amortization/Term||5, 7, 10-Year Fixed Rate, 30-Year Amortization/Term|
|Property Types||Multi-Family 5+ Units (7+ In NJ), Mixed Use (50%+ Must Be Residential)|
|Prepayment Premiums||3-Year Lock Out (Excluding Sale) with Descending Prepayment|
|Recourse||Required (Limited Available)|
|Minimum Credit Score||660|