At TrueBridge Loans, we specialize in providing Multifamily Hard Money Loans to help you secure the financing you need for your multifamily real estate investments. Thinking about investing in an apartment building, duplex, or another type of multifamily property? Our team is here to provide fast, flexible, and competitive financing solutions for you.
As a trusted multifamily hard money lender in California, we understand that the traditional lending process can be slow and cumbersome. That’s why we’ve streamlined our application and approval process to ensure you can access the funds you need quickly, without the red tape.
What Are Multifamily Hard Money Loans?
Multifamily Hard Money Loans are short-term, asset-based loans that provide quick funding for multifamily properties. Unlike traditional bank loans, these loans are based on the value of the property itself rather than the borrower’s credit history or financial standing. This makes them an excellent option for investors who need fast funding or may not meet the strict criteria of conventional lenders.Also Read: Understanding the Key Differences in First and Second Trust Deeds
Benefits of Multifamily Hard Money Loans
Here’s why investors turn to hard money loans for multifamily properties:
- Fast Approval & Funding: Say goodbye to long waits—our streamlined process means you can get approved and funded in just days, not months, so you can act fast on your next multifamily opportunity.
- Flexible Terms: We structure loans around your needs, offering adaptable terms that match your investment strategy and timeline.
- Asset-Based Lending: With a focus on the property’s value—not your credit score—you’ll have more opportunities to qualify and move forward with confidence.
- Quick Access to Capital: Need capital for a time-sensitive opportunity? Our loans deliver fast cash flow to help you seize deals, fund renovations, or scale your portfolio.
Property Types That Qualify
We offer financing for a wide range of multifamily property types, including:- Duplexes & Triplexes
- Fourplexes
- Garden Apartments
- Mid- & High-Rise Buildings
- Condominium Communities
- Mixed-Use Properties
- Student Housing & Senior Housing
Why Choose TrueBridge Loans?
Here’s what sets TrueBridge Loans apart from the rest:
- Direct Lender & Broker: We’re able to provide flexibility with our financing options, working directly with you to secure the best terms.
- Experienced Team: Our team brings years of expertise in multifamily financing and has successfully funded millions of dollars in loans.
- No Upfront Fees: Unlike traditional lenders, we don’t charge upfront fees to process your loan.
- Fast Closing: Get your loan funded in as little as 15 days.
- Excellent Customer Service: We guide you through every step of the loan process, ensuring a seamless experience.
Best Ways to Use Multifamily Hard Money Loans
These loans aren’t just fast—they’re also versatile. Here are some smart ways to use a Multifamily Hard Money Loan:
- Property Acquisition: Quickly fund the purchase of multifamily properties without waiting for bank approvals.
- Renovations & Repairs: Finance property improvements or renovations to increase the value of your multifamily investment.
- Cash-Out Refinancing: Convert equity into cash to reinvest into additional properties.
- Bridge Financing: Bridge the gap while securing long-term financing.
Multifamily Hard Money Loan Requirements
While traditional lenders often require piles of documents and a perfect credit score, TrueBridge Loans focuses on the value of the property. To qualify for a Multifamily Hard Money Loan, we’ll typically look at the following:- Property Value: The primary determining factor is the value of the multifamily property securing the loan.
- Loan-to-Value (LTV): We typically offer up to 65% LTV, depending on the property and location.
- Loan Term: We provide flexible loan terms, often ranging from 6 to 24 months.
- Credit: While we don’t require a perfect credit score, a strong rental history or property cash flow can help strengthen your application.
Also Read: The Basics of Bridge Loans: Everything You Need to Know
Contact TrueBridge Loans Today
Contact TrueBridge Loans Today Ready to explore your options for Multifamily Hard Money Loans? Our team at TrueBridge Loans is here to provide you with the fast, flexible financing you need. Reach out today to discuss your needs and how we can assist in funding your next multifamily investment. Call us at (805) 719-7008 or email Info@truebridgeloans.com to get started!Frequently Asked Questions (FAQs)
How quickly can I get approved for a multifamily hard money loan?
We offer fast approvals, typically within 24-48 hours, and can fund your loan in as little as 15 days.
Do I need a perfect credit score to qualify?
No, approval is based primarily on the property’s value, not your credit score. However, a stronger credit history may improve your loan terms.
How much can I borrow?
We typically offer loans up to 65% of the property’s value, depending on the type of multifamily property and its location.
Can I use a multifamily hard money loan for property renovations?
Yes, you can use the loan for purchasing, renovating, or refinancing a multifamily property.
Are there any upfront fees?
We don’t charge any upfront fees for processing your loan.
