By capital / December 29, 2021
Looking for Financing Specifically for Multi-Family & Mixed-Use Properties?
Campos Capital Group offers short-term bridge financing, fix and flip financing, & long-term rental financing for 5+ unit apartments & mixed-use properties.
Loan Criteria
Collateral:
Multi-family apartment buildings (5+ units); mixed-use properties (residential space that is greater than 50% of square footage)
Term:
18 Months (extended terms available)
30 Years (amortization options available)
Loan Amount:
Short-Term: $250K – $10M ($1M max per unit)
Long-Term: $250K – $3M
FICO:
Short-Term: 620 minimum
Long-Term: 680 minimum
LTV:
Stabilized Bridge
Purchase: Up to 80% of the As-Is value
Refinance: Up to 75% of the As-Is value
Cash-Out: Up to 65% of the As-Is Value
Fix & Flip
Purchase: Up to 85% of the purchase price + 100% of renovation costs
Refinance: Up to 75% of the As-Is value + 100% of renovation costs
Cash-Out: Up to 65% of the As-Is value + 100% of renovation costs
Long-Term
Purchase: Up to 75% of the As-Is value
Refinance: Up to 75% of the As-Is value
Cash-Out: Up to 70% of the As-Is value
Loan Program Typical Leverage & Rates
STABILIZED BRIDGE
Maximum Loan-to-Value
Purchase
Up 80% of the As-Is value
Refinance
Up to 75% of the As-Is value
Cash-Out
Up to 65% of the As-Is value
FIX & FLIP
Maximum After-Repair Value
Maximum Loan-to-Value
Experienced Customer -(Completed 3+ Flips or Owned 3+ Rentals in the last 3 Years)
Purchase
Light Rehab
Refinance
Cash-Out
Up to 75% of the ARV
Up to 65% of the ARV
Up to 60% of the ARV
Up to 85% of purchase price + 100% of rehab costs
Up to 75% of As-Is value + 100% of rehab costs
Up to 70% of As-Is value + 100% of rehab costs
Purchase
Heavy Rehab*
Refinance
Cash-Out
Up to 65% of the ARV
Up to 60% of the ARV
Not permitted
Up to 75% of the purchase price + 100% of rehab costs
Up to 65% of As-Is value + 100% of rehab costs
Not permitted
New Customer -(Completed < 3 Flips or Owned < 3 Rentals in the last 3 Years)
Light Rehab
Refinance
Up to 65% of the ARV
Up to 70% of purchase price + 100% of rehab cost
*Rehab budget is greater than or equal to 100% of As-Is value (for purchase & refinance) or purchase price (of a purchase), involves more than a 20% expansion of the property of at least 750 sq ft, or involves a change of use.
Long-Term Rental
Fico
Maximum Loan-to-Value (LTV)
Maximum Loan-to-Cost (LTC)
Purchase
700+
Up to 80% of the As-Is value
Up to 80% Loan-to-Cost
680 – 699
Up to 75% of the As-Is value
Up to 80% Loan-to-Cost
Fico
Maximum Loan-to-Value (LTV)
Refinance
700+
Up to 80% of the As-Is value
680 – 699
Up to 75% of the As-Is value
Fico
Maximum Loan-to-Value (LTV)
Cash-Out
700+
Up to 80% of the As-Is value
680 – 699
Up to 75% of the As-Is value