Commercial Mortgages

Financing Multifamily and Multiple Property Borrowers

Rehab & Purchase Financing

By MBA Mortgage Commercial Division

We fund purchase, refinance, and rehab that helps the owner/purchaser of multifamily or multiple properties of 1-4 residential units that otherwise would not be considered by banks and lenders who are tied to conventional guidelines.

It only takes a short conversation to screen this funding source.  Call and set a side about ten minutes to accomplish what you want:

1. refinance multiple non-owner-occupied 1-4 unit property(ies)
2. purchase 1-4 unit property(ies) that require rehab
3. business expansion financing

Financial instruments are now on the market to serve your needs according to the opportunities of the marketplace.  Do not be fooled by sticky wickets in bankers garb.  The money is there for your rehab, refinance, purchase of multi’s and multiple property ownership.

RATES ranging between 5.5% - 7.9% (2 – 4 Points), 25 year amortization. on the low risk side (you know who you are) to 9.5% - 16% (4 – 10 Pts) will depend on the following criteria:

1. level of equity in the deal
2. number of properties: you own that are mortgaged, subject property in the loan, and equity in property offered as additional collateral
3. rents – gross rents, property condition,
4. minimum loan sizes
5. how long have you owned the subject property
6. personal credit score
7. value of your personal signature: net worth and personal income
8. location
9. your business strategy

The successful strategy is a 1-5 year strategy and must be accompanied by financial backing, not a 6 – 12 month strategy always barking like a dog scratching for crumbs from every lender you meet. 

Let us help you prepare a custom-tailored financial strategy to lose your competition in the dust.  A financial plan to convert your assets into a thriving real estate business.

 For more information on a rate or a product, please click here 

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Massachusetts Office - 423 West Broadway, Suite 403 - South Boston, MA 02127
Phone: (617) 269-1118 Toll Free: (877) 574-0007 Fax: (617) 269-1133
website: www.mbamortgageco.com

 

 We lend in the following states:

Massachusetts, Connecticut, New Hampshire, Rhode Island, and Florida

Licensed by the  Massachusetts Division of Banks. License #MB4115

Licensed by the Connecticut Dept of Banking. License #17404/#17405

Licensed by the New Hampshire Banking Department. License #11440-MBR

Licensed by the Rhode Island Division of Banking. License #20072210LB

Licensed by the Florida Office of Financial Regulation. License #504347

FHA Approved Broker

Licensed by the Department of Housing & Urban Development. License #28012-0000-2

NMLS #2880

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