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Multifamily Loans

We Provide FHA Insured Multifamily Loans for:

New Multifamily Construction

  • 87% Loan-to-Cost

  • Interest-only construction loan converts to 40-year permanent

  • Construction interest is financeable

  • 40 Year Amortization

  • 40 Year Term (no balloon)

  • No maximum loan amount

  • Low, fixed interest rate, based on market spreads over the Ten-Year Treasury Yield

  • “Developer’s Fee” of 10% of cost allowed to be used towards equity requirement

  • No personal liability (non-recourse)

  • Negotiable pre-payment terms

  • 1:15 Minimum Debt Service Coverage

  • This loan is always assumable

  • Third-party expenses and loan costs are financeable

  •  Land equity is a credit to liquidity requirements

Multifamily Acquisition Loan

  • 87% Loan-to-Value

  • 35 Year Amortization

  • 35 Year Term (no balloon)

  • 6.5% Seller soft second may be allowed 

  • No maximum loan amount

  • Low, fixed interest rate, based on market spreads over the Ten-Year Treasury Yield

  • No personal liability (non-recourse)

  • Negotiable pre-payment terms

  • 1:15 Minimum Debt Service Coverage

  • This loan is always assumable

  • Third-party expenses and loan costs are financeable

Multifamily Substantial Rehabilitation Loan

  • 87% Loan-to-Cost

  • Interest-only construction loan that automatically converts to 40-year permanent financing

  • 40 Year Amortization

  • 40 Year Term (no balloon)

  • No maximum loan amount

  • Low, fixed interest rate, based on market spreads over the Ten-Year Treasury Yield

  • “Developer’s Fee” of 10% of cost allowed to be used towards equity requirement

  • No personal liability (non-recourse)

  • Negotiable pre-payment terms

  • 1:15 Minimum Debt Service Coverage

  • This loan is always assumable

  • Third-party expenses and loan costs are financeable

Multifamily Loan Refinance

  • 87% Loan-to-Value (80% with cash out)

  • 35 Year Amortization

  • 35 Year Term (no balloon)

  • No maximum loan amount

  • Low, fixed interest rate, based on market spreads over the Ten-Year Treasury Yield.

  • No personal liability (non-recourse)

  • Negotiable pre-payment terms

  • 1:15 Minimum Debt Service Coverage

  • This loan is always assumable

  • Third-party expenses and loan costs are financeable

© 2023 Trust Mortgage Company I 10 Kearney Rd – Suite 102 Needham, MA 024948

info@trustlender.com  |   1 - 800 LENDER1

There are some unique requirements for HUD insured loans.  Information provided by TRUST and HUD can become dated and you must be apprised of current terms, conditions, escrows and requirements.  As with any major business venture you must make yourself aware of and follow these requirements by seeking competent legal and accounting advice.

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