Multifamily and Mixed Use Loan Programs

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Multifamily and Mixed-Use

Purchase LTC

Up to 75%

Rehab LTC

Up to 100%

Total LTC

Up to 75%

LTV ARV

Up to 65%

Rates (With points)

From 9.25%

Rates (No points)

From 10.75%

Experience

Scenario Dependant

Minimum FICO

670

Property Types

Mixed-Use & Multifamily

Min Loan Amount

$400,000

Max Loan Amount

$15m

Loan Term

12 months

Apply Now

Accolend’s multifamily and mixed-use programs offer the flexibility and speed needed for real estate investors to succeed in 2024. Whether you are looking to snap up a property on the market, fix up a distressed property, or just expand your investment portfolio, Accolend’s loans are here to help investors meet their financing needs.

Apply

You provide us with the application, including property and deal information.

We send you the proposed terms of our loan, outlined in a term sheet that includes all relevant expenses and documentation requirements.

Our underwriting team sets up your loan on our website portal to ensure a smooth documentation submission process. We coordinate with vendors such as appraisal and inspection companies, title, insurance, and legal counsel to facilitate seamless communication. Please click here for an explanatory video.

We work with you, your legal counsel, and the title company to schedule a closing date. On the closing date, we review all executed documents from your lawyer or the title company/closing agent and wire the funds.

You reach out to our draw manager with your draw request. A property inspection will be scheduled to verify completed work, and upon satisfactory completion and review, we will fund the draw. Please click here for an explanatory video./closing agent and wire the funds.

Our servicing team will assist you with extension and/or payoff requests. Extension approval requires 30 days of advance notice and the completion of an extension application/closing agent and wire the funds.

Competative Rates

We are a direct lender backed by institutional capital. With a low cost of capital, we pass the savings on to our clients, helping to protect their profit margins

Fast Service

All processing, underwriting, and closing are handled in-house by our team members. This enables us to fully control and expedite the process to meet our clients' timelines

Certainty of Execution

As a Direct Lender and Asset Manager, we have complete control over the underwriting process and our strategic direction. Our funding sources are diversified and have proven reliable across various market cycles

No Points

We launched our signature no-points programs in 2016. Since then, they have saved our borrowers millions of dollars, and allowed our broker partners to better compete

No, we do not finance soft cost.

For smaller deals <2m, we can consider borrowers without experience. For deals more than 2m, experience is required.

Our closing fees depend on the size and complexity of the deal.

There are no prepayment penalties for loans with points. For no-point loan programs, the minimum term is six months.

The maximum acreage is 2 acres per property.

Closing time for multifamily loans varies depending on loan size and compexity. It could be as little as 1 week for simple deal and 3+ week for more complex transactions.

We will need your HUD-1 or property deeds to verify your experience.

Both commercial sq. footage and stabilized rent.

1-4 units: less than 35%

5-9 units: less than 20%

10-20 units: less than 15%

20+ units: less than 10%

Second liens on our transactions are not allowed.

Yes, we lend to LLCs for all our programs.

Yes, we work with brokers. We have lot of broker-friendly programs.

We require PCR for all loans above $1m

Phase 1 Enviornmental reports are required for all deals >$1m.

Yes, a full appraisal will be required, including the interior. We require full narative appraisal. We typically work with BBG and Bowery.