Short-Term Commercial Multifamily Financing
Your commercial multifamily loan typically starts with a six to 24-month term. This can be extended, depending on your situation. As a local private money lender in Phoenix, Capital Fund 1 can provide up to $10,000,000 in hard money. Your loan amount will be based on a specific percentage of the Loan To Value (LTV) of the property, depending on the type of loan you choose.
Phoenix Hard Money Multifamily Loan Requirements & Terms
Regardless of the type of loan you choose, the requirements are generally the same. Capital Fund 1 in Phoenix, AZ, doesn’t require any credit checks or personal tax returns and doesn’t impose any prepayment penalties. Construction loans can be available as soon as three to five business days, and most applications will be evaluated in as little as 24 hours. You’ll usually receive funding within 48 hours of approval.
Once you submit a commercial multifamily loan application, Capital Fund 1 underwrites the loan in-house. Your asset-based loan will be delivered quickly and conveniently, without lengthy applications or additional materials needed.