Strategic Equity has expanded its successful 1-4 family fix and flip lending program to include multifamily properties nationwide. This new program is targeted at multifamily properties, typically those with less than 100 units, that need renovation and lease-up to stabilize rent rolls. Prior borrower experience in similar projects is required.
TYPICAL TRANSACTION TERMS
| Loan Type | Senior first lien mortgage loans |
| Loan Amount | $1,000,000 to $10,000,000 |
| Maximum Term Amortization | • Up to 2 years • Interest Only |
| Interest Rate | 10%+ Fixed |
| Origination Fee | 2% - 3% |
| Loan to Cost | • Up to 80% of purchase • Up to 100% of rehab |
| Stabilized Target LTV | Up to 65% |
| Application | • Quick close transactions • DPO financing • Debt refinancing and restructuring • Partner buyouts |
| Other | • Nationwide platform • 6 months minimum interest • Interest reserves if no in-place cash flow • Borrower experience required |