$570K Multi-Family Loan
- 12 Month Terms
- Up to 75% LTV
Our client required a loan specifically tailored for a multi-family property investment. A multi-family loan is designed to finance properties with multiple residential units, such as apartment buildings or condominium complexes.
The client sought a loan for a total amount of $570,000 to support their multi-family property investment. The loan term was set at 12 months, providing the borrower with a one-year period to execute their investment strategy, manage the property, and generate income from the rental units.
The phrase “Up to 75% LTV” refers to the Loan-to-Value ratio, which is a key factor in determining the maximum loan amount a lender is willing to provide. In this case, the lender was prepared to offer a loan of up to 75% of the appraised value of the multi-family property. For instance, if the appraised value of the property stood at $800,000, the lender could provide financing up to 75% of that value, which amounts to $600,000.
It’s important to note that multi-family loans are tailored specifically for real estate investments involving properties with multiple residential units. These loans are structured to support the unique challenges and financial considerations associated with managing and generating income from such properties.
The $570K multi-family loan with 12-month terms provided the client with the necessary funds to acquire or manage their multi-family property investment. The loan term of 12 months allowed the borrower to implement their investment strategy, collect rental income, and work towards repaying the loan within the given timeframe.
The terms and conditions of multi-family loans may vary depending on the lender and the specific circumstances of the borrower. Please contact Insignia Capital for our latest rates and programs.