Multifamily Bridge Financing
Archwest’s Bridge Loans allow experienced commercial real estate investors to leverage their liquidity and experience with short-term capital necessary to seize multifamily and mixed-use project opportunities quickly and efficiently.
Multifamily Permanent Financing
Archwest’s Permanent Financing provides long-term capital solutions that thoughtfully meet the needs of multifamily and mixed-use property owners. Our competitive terms are similar to, and in many ways more favorable than, governmental agency lending programs including flexible DSCR and occupancy requirements.
Bridge Financing Product Matrix
Loan Amount
$2,000,000 to $25,000,000
Loan Term
12 to 36 months with optional extension up to an additional 12 months
Lien Position
First Lien
Amortization
Interest Only
Rate Structure
Fixed
Recourse
Full recourse and non-recourse subject to industry-standard “bad act” carve-outs
Construction Advances
Limited to 15% of Loan Amount and subject to no defaults as set forth in the Loan Documents
Minimum DSCR
0.90x (so long as reserves establish 1.05x coverage)
Maximum As-Is/As-Stabilized LTV
75%/75%
Maximum LTPP/LTC
80%
Application Fees and Deposit
Required to cover third-party reports, legal fees and other standard costs
Eligible Properties
Multifamily and Mixed-Use
Eligible Markets
Nationwide
Eligible Borrowers
Corporations, limited liability companies and limited partnerships that are single-asset entities
Exit Fee
1% (waived if refinanced with Archwest Permanent Loan)
Permanent Financing Product Matrix
Loan Amount
$2,000,000 to $25,000,000
Loan Term
5, 7, 10, 15, 20 years
Lien Position
First Lien
Amortization
30 years
Interest Only
Full and Partial Term Available
Rate Structure
Fixed
Recourse
Non-recourse subject to industry-standard “bad act” carve-outs
Prepayment
Yield maintenance or step down
Application Fees and Deposit
Required to cover third-party reports, legal fees and other standard costs
Eligible Properties
Multifamily and Mixed-Use
Eligible Markets
Nationwide
Minimum Occupancy
85% over trailing 3 months
Minimum DSCR
1.15x
Maximum LTV
80%
Assumable
Permitted to a qualified transferee at Lender’s discretion, subject to a fee
Eligible Borrower
Corporations, limited liability companies and limited partnerships, that are single-asset entities
Tax and Insurance Escrows
Monthly deposits required (may be waived under certain circumstances)
Replacement Reserves
Generally required for Class B and Class C properties (may be waived under certain circumstances)
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