Multi Family Financing
Why Bridgewater Bank?
Bridgewater Bank’s long term apartment financing is ideal for purchasing or refinancing existing properties. We simplify the process of obtaining financing for the small to mid sized apartment owner.
Bridgewater Bank offers unmatched performance on loans less than $10 million, with low fixed rates. Our stream lined underwriting process will save time and money and you can expect a quick closing often less than 30 days. Closing costs are competitive with minimal additional fees. Property management experience is required for properties with greater than twelve units.
What can be financed?
- Acquisition Financing
- Construction Lending
- Repositioning of Distressed Properties
- Mini Permanent
What Options does Bridgewater Bank offer?
Providing a Broad Range of Options including
- Loan amounts from $500,000 to $10 million on A, B and C Class Properties
- Up to 30 year amortizations with 3,5,7 and 10 year fixed term options
- Maximum Loan to Value of 75%
- Minimum Debt Service Coverage Ratio of 1.20:1
- Competitive origination fee and closing costs
- Construction to permanent financing
Fannie Mae financing is available with direct underwriting