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Transactions involve all types of multi-family properties, from those with only a few units to large multi-building complexes with hundreds or thousands of residences. MM4L offers borrowers the widest variety of products and is able to consummate transactions with the greatest possible efficiency. The company has access to multiple sources of capital, including national and local banks.
MM4L can provide the following loans:
Permanent Loans: Fixed Rate, Non-Recourse loans with maturities of between three & twenty years are available. Amortization will vary, based upon leverage amount and property effective age. Maximum loan to value of 85%.
Bridge Loans: This financing structure accommodates existing properties, which have upside potential. The bridge loan structure can provide the capital required for property stabilization at floating rate pricing, which allows the loan to be refinanced at par (no penalty) once the income is stabilized. Maximum loan to value of 85%.
Construction Loans: Projects located within markets providing strong and easily identified market demand can qualify from 70% to 85% of cost construction financing. In some cases a combination construction, permanent loan will be offered, saving the cost of closing two loans and taking the guesswork out of the permanent loan term. The minimum loan amount for construction loans is $8,000,000.00.
Development Mezzanine Financing: Re-developments and proposed projects qualify for financing above the senior loan position. Mezzanine financing provides additional leverage above the first mortgage position to complete the capital structure for qualified projects.
Click on the links below to get a better idea of all Property Types we can finance.
Multi-Family/Apartment Buildings Mixed-Use Properties Office Buildings Co-op Mortgages Retail Property Financing Warehouse / Industrial Hotel / Hospitality Self Storage Commercial Co-ops and Condos Congregate Care Facilities Specialty Properties(including Golf Courses)
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