Churchill’s Multifamily Bridge product provides interim financing for borrowers looking to acquire and stabilize properties above five units.
Property Type Case-By-Case
Loan Purpose Non-Owner Occupied Business Purpose Residential Loans
Interest Reserve Eligible, but not required
FICO 680 minimum
LTC up to 80% (75% Cash-Out maximum)
LTAIV up to 80% (75% Cash-Out maximum)
Debt Yield minimum of 5% (lesser of market rent or lease)
Experience No previous experience required
Recourse Full required