Los Angeles Bridge Lenders for Multifamily Properties
Are you seeking a bridge loan secured by multifamily property in the Los Angeles metro area? On this page you'll find a list of select bridge lenders for Los Angeles apartment buildings and mixed-use properties with 5 or more units. To get a 1st lien bridge loan to refinance a multifamily property, you must have at least 35% equity in the property. For a multifamily purchase, the maximum loan-to-value is 70%, so you’ll need a 30% down payment, and it could be higher depending on the location, property condition, and other factors. The loan term for most bridge loans is 1 year, and some lenders will go up to 2 years.Searching...
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MOR Financial
Hard Money Bridge Loans for California and Florida Properties
Newport Capital
Easy, reliable, on-time funding that you can count on.
LBC Capital Income Fund, LLC
Bridge Loans for Real Estate Investors
Wilshire Finance Partners
Commercial Real Estate Loans | Bridge and Value-Add | 1st Lien
Lima One Capital
The Nation's Premier Lender for Real Estate Investors
PrideCo Loans Inc.
Family Office Hard Money Lender for Multifamily and Residential Investment Properties
Diversified Mortgage
Multi-Unit Properties only. Interest Rates are 8.25% for 4-year term or 7.95% for 2 years.
Center Street Lending
Smarter Loans for Residential Investors
First Bridge Lending CRE
Fast CRE Bridge and Value-Add Loans | No Appraisal Required
ROK Lending
Fast flexible CRE bridge financing nationwide and Puerto Rico, with speed and certainty
SDC Capital
Family Office Lender. No 3rd-party appraisal (typically). Soft Money Terms in 1st or 2nd Lien Position.
Funded Multifamily Bridge Loans in Los Angeles
Purchase Bridge Loan for Multifamily Property in Los Angeles, California
$1,575,000
SDC Capital, a direct private lender based in Burbank, funded a $1,575,000 1st lien position bridge loan for the acquisition of an 8-unit multifamily property in Los Angeles, CA. We funded 70% of the $2,250,000 purchase price, while the Borrower contributed 30% cash at closing. The property had significant deferred maintenance and several vacant units at the time of closing. The Borrower plans to renovate the property with their own funds. We did not include a hold-back of rehab money for this loan. Once the renovations are completed and vacant units are leased, the Borrower will seek a conventional multifamily loan to pay off our loan. It is approximately 7,400 square feet set in a 7,600-square-foot lot. The interest rate was 9.99% and we charged a 1% origination point. The loan term was set at 12 months. This multifamily bridge loan was funded in March 2024.
SDC Capital, a direct private lender based in Burbank, funded a $1,475,000 1st lien position bridge loan for the acquisition of a 9-unit multifamily property in Los Angeles, CA. We funded 75% of the $1,970,000 purchase price, while the Borrower contributed 25% cash at closing. The Borrower had significant multifamily value-added experience, including a strong balance sheet. They were a repeat client of ours and had excellent credit history. The rents for this property were below market and some of the units needed to be upgraded. The Borrower plans to renovate a few of the units and will do so using their own funds. We did not include a hold-back of rehab money in this loan. Once the renovations are completed and rents have increased, the Borrower will seek a conventional multifamily loan to pay off our loan. The interest rate was 9.5% and we charged a 1% origination point, with a loan term of 18 months. We don’t normally go so low on points for a term over 12 months, but we made an exception because of the long relationship we had with the Borrower. This multifamily bridge loan was funded in February 2024.
