The Multifamily Loan Program is perfect for small balance residential properties with more than 5 units. The minimum loan amount is $500,000. With rates starting at 6.49% it’s perfect for rehabbing a multifamily property.
For general loans, Haus Lending covers up to 80% of the as-is value and 100% of the rehab costs. For refinancing, Haus Lending covers 75% of the as-is value and 100% of the rehab costs. Whether you’re starting a new project or giving new life to an old one, Haus Lending has your back.
It’s simple -- Haus is designed to make financing your projects easy and efficient. With loan terms on Multifamily investment projects having term lengths of up to 24 months (with two 6-month extensions), Haus offers flexibility for your projects.
A bridge loan is short term financing used until permanent financing is secured. These types of loans are common in real estate transactions and typically range from 6-18 months. Bridge loans have high interest rates and are backed by some form of collateral, usually the subject property.