loan program
Multi-Family Loan
Multi-Family
Use our multi-family program for all of you apartment needs, whether it’s for some quick cash or your looking for strong market rates! We lend nationwide for 5+ units and underwrite everything from private money to your standard multi-family traditional programs. We have stated fixed rates with 30 year amortizations no taxes, no w-2 and no 4506t! Foreign nationals are ok with a SSN or ITIN and US residency.
SHORT TERM
- Collateral: Multi-Family Apartment Buildings (5+ Units); Mixed-Use Properties (Residential Space Must Represent 70%+ of the Property’s Total Square Footage).
- Term: 12 – 18 Months (Extended Terms Available).
- Loan Amount: $250k – $2.5M ($1M Max per unit).
- FICO: 660 Minimum.
LTV:
- Purchase: Up to 80% of the As-Is Value.
- Refinance: Up to 80% of the As-Is Value.
- Cash-Out: Up to 75% of the As-Is Value.
Fix & Flip:
- Purchase: Up to 90% of the Purchase Price + 100% of Renovation Costs.
- Refinance: Up to 80% of the As-Is Value + 100% of Renovation Costs.
- Cash-Out: Up to 80% of the As-Is Value + 100% of Renovation Costs.
LONG TERM:
- Collateral: Multi-Family Apartment Buildings (5-9 Units).
- Term: 30-Years (Amortization Options Available).
- Loan Amount: $500k – $20M.
- FICO: 620 Minimum.
LTV:
- Purchase: Up to 80% of the As-Is Value.
- Refinance: Up to 80% of the As-Is Value.
- Cash-Out: Up to 75% of the As-Is Value.
About Us
Heights Finance Corporation is a private lender focused on investment purpose loans for the acquisition and development of residential, commercial, and land projects.