MULTIFAMILY BRIDGE FINANCING
Close the Deal Before Someone Else Does.
Bridge financing for 5+ unit residential acquisitions, value-add repositioning, and time-sensitive closings. Up to 75% LTPP, 100% renovation holdback, interest-only — built to
fund the deal you’re about to lose to a cash buyer.
- $1B+ Funded
- $1M–$10M Per Deal
- Closes in 30–45 Days
- NMLS 1003404
Leverage
LTPP
Loan Size
$1M–$10M
Term
Speed
Loan Terms At A Glance
$1M – $10M
70%
MAX FULLY FUNDED TLTC
80%
MAX AS-LS LTV
75%
70%
MIN STABILIZED DEBT YIELD
9% (As-Stab NCF)
100% of renovation budget
18–24 months + two 6-month extensions
RATE
0.5% (50 bps) per extension
Acquisition + Light/Moderate Value-Add Cosmetic and unit-level renovations. Common area upgrades. Mechanical and operational repositioning.
Bridge-to-Agency Refi Acquire and stabilize on bridge debt, then transition to long-term agency (Fannie/Freddie) or DSCR perm financing.
- Not Funded Under This Program
- Structural renovations or expansions (refer to construction lending)
- Ground-up construction
- Mixed-use under 100% residential
Renovation Capital That's Actually Funded.
Most bridge lenders advertise “value-add financing.” Then they fund 60% of your reno budget, hold the rest behind a draw process that takes 10 days, and expect you to float the rest from your own pocket while units sit vacant.
| WHAT MOST BRIDGE LENDERS DO | WHAT HML DOES |
|---|---|
|
60–80% renovation holdback |
100% renovation holdback funded |
|
No interest reserves |
12-month interest + carry reserves
built in |
|
Hidden prepayment penalties stretching 18+ months |
12-month minimum interest, no
surprises |
|
Retrade LOIs during diligence |
LOI is the LOI. No retrade. |
|
60–90 day diligence on a $5M deal |
30–45 day close from complete
submission |
|
Force a perm takeout exit |
Refi, sell, or extend — your call |
The Cost of the Wrong Bridge Lender.
What happens to a sponsor doing a $3M acquisition with a $500K reno budget — depending on how the bridge is structured.
TYPICAL BRIDGE LENDER
$3M acquisition+ $500K reno75% LTPP — acquisition loan
$2.25M
70% reno holdback funded
$350K
You fund: $750K acquisition + $150K reno
$900K out of pocket
No interest reserve — debt service from operating account
~$30K/mo
CASH DRAG THROUGH STABILIZATION
$1.2M+
HML MULTIFAMILY BRIDGE
$3M acquisition+ $500K reno75% LTPP — acquisition loan
$2.25M
100% reno holdback funded
$500K
You fund: $750K acquisition only
$750K out of pocket
No interest reserve — debt service from operating account
~$30K/mo
CASH DRAG THROUGH STABILIZATION
$750K
$450K
of capital freed up — on a single $3M deal.
That’s another acquisition. That’s reserve capital for the next opportunity. That’s the difference between operating at one deal at a time and operating at the pace of your market.
The Ideal Sponsor Profile
Active Value-Add Operator
5–25+ units per deal. Multiple acquisitions/yr.
You’ve operated multifamily, executed value-add business plans, and stabilized properties to perm refi or sale. You’re not learning the asset class — you’re scaling it.
Repositioning Specialist
Acquiring underperforming or mismanaged assets.
You see what current ownership is missing — rents under market, deferred maintenance, operational drag. You have a 12–18 month plan and the team to execute. You need capital that funds the whole plan.
Off-Market Acquirer
Closing on time-sensitive opportunities.
You found the deal off-market or before it hit the open market. The seller wants a fast close — that’s your edge. You need a bridge lender whose name on the LOI means the deal actually closes.
SPONSOR PRE-SCREEN CHECKLIST
Minimum FICO: 725 (guarantor)
Net Worth: 100% of loan amount, post-close
Liquidity: 10% of loan amount, post-close unencumbered
Experience: Verifiable multifamily operating & rehab experience in the same submarket
Entity: Newly formed SPE for the deal
Borrower: U.S. Citizens and Permanent Residents only (no foreign nationals)
The Ideal Sponsor Profile
We lend in major metropolitan and emerging secondary markets across the following states:
Northeast & Mid-Atlantic
- New York
- New Jersey
- Connecticut
- Connecticut
- Pennsylvania
- Rhode Island
- Massachusetts
- New Hampshire
Southeast, Midwest & West
- North Carolina
- South Carolina
- Illinois
- California
The Ideal Sponsor Profile
We lend in major metropolitan and emerging secondary markets across the following states:
01
PRE-SCREEN
Submit deal summary, T-12, rent roll, sponsor PFS/SREO, and renovation budget. We screen for sponsor fit, asset fit, and structural feasibility. If it’s a fit, underwriting starts that week.
02
TERM SHEET
03
UNDERWRITING & DILIGENCE
04
CLOSE
05
DRAWS
06
EXIT
$1B+ Funded. Sponsors Don't Switch Lenders Twice.
The first deal is an audition. Here’s what happens after.
