Multifamily

Multifamily

$500k-$10MM Loan Amount

Max 80% LTC / 75% LTV satabelized value

Non-bank bridge lender

5-100 Units

Non-recourse

Quick closings 5-20 days

Risk adjusted fixed rate pricing

Proforma underwriting

Lending Guidelines

ELIGIBLE LOCATIONSMSA’s within the U.S. and current markets approved by Expedia Homes, LLC
PROPERTY TYPESMultifamily 5-100 Units
LOAN AMOUNT$500k to $10MM
LOAN TERM1, 2 and 3 year loans
AMORTIZATIONInterest Only
LTC/LTVUp to 80% Loan to Cost and maximum 75% LTV of stabilized value
DSCRStabilized Minimum 1.20x DSCR underwritten cash flow using prevailing rates at market rents
PROCESSING FEE & EXPENSE DEPOSIT$5,000 Third Party Deposit Fee to cover actual 3rd party report cost (appraisal, PCA, Environmental, seismic, and site visit, if applicable)
RESERVESExtensive Rehab Loans/No Rehab Advance: 6 months interest + 100% of rehab budget
Extensive Rehab Loans/Rehab Advance: 6 months interest + 20% of rehab budget
No Rehab or Stabilized loans: 4 months interest
SPONSOR / BORROWERCreditworthy individual(s) or entity acceptable to Lender with sufficient liquidity and net worth
BORROWING ENTITYLLC, Corp, Trusts – SPE (single purpose LLC) may be required on some loans
RECOURSENon-recourse, with the exception of industry standard “bad boy” carve outs
ASSUMABLENo
PREPAYMENT1yr loans: no minimum interest | 2yr loans: 8 months minimum interest | 3yr loans: 12 months minimum interest

*Points and interest will be provided with terms

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Disclosures:

By attending this website (www.expediahomes.com), any visitor is hereby expressing and/or accepting: 

This is not a commitment or offer to lend, this website is for informational purposes only.  Interest Rates, Fees, and other important or minor details are subject to change based on market conditions, due diligence, and input by underwriting. If your project is approved, a formal loan commitment will be issued. Time frames for each portion of the process vary due to market conditions and other factors like third parties. By visiting this website, the visitors hereby agree on behalf of the visitor’s company / business entity along with sponsors, co-sponsors, officers, and/or investors, to hold harmless Expedia Homes,  LLC, www.expediahomes.com , investors, employees, officers, and/or third party subcontractors in the closing of any transactions. Third party reports are ordered at on a cost plus review basis. Expedia homes, LLC cannot guarantee nor influence values, or other specific important and/or minor conclusions, along with the time frames to complete third party reports. Some projects require a project feasibility, and may or may not require traffic studies or other individual reports as required by specific subject property locations and market conditions. Expedia homes, LLC does not pay for third party reports, third party reports are billed via invoice that must be paid at presentation. Time is of the essence, and even though Expedia homes, LLC works tirelessly to maintain quick closing times, there are factors outside of the control of Expedia homes, LLC, along with other conditions, that do not always allow the projected time frames to be maintained.  Brokers and/or referral sources are protected, thus Expedia homes, LLC honors Broker Invoices or Referral Fee Agreements that are submitted in writing. Expedia homes, LLC only accepts new client files from brokers, if you have a further transaction, please see your introducing representative. Expedia homes, LLC  is a private source of capital, therefore your information will not be shared with the general public on any marketing information. 

Expedia Homes, LLC is a limited liability company out of the State of Nevada. Expedia Homes, LLC both directly provides funds and also brokers requests that cannot be funded in house. Expedia Homes, LLC does not operate in any state or local area whereas the laws of that state or local are prohibit cost effective operations. Expedia Homes, LLC is a private company, not open for the public. Expedia Homes, LLC does it’s best to analyze and review all proposed transactions, but cannot possibly analyze, review, and take interest in all transactions that are presented. Rates, Fees, and other minor or important details are subject to change with or with out notice. No warranties are granted, nor should be implied. 

Non-bank bridge lender
5-100 Units
$500k-$10MM Loan Amount
Max 80% LTC
Non-recourse
Quick closings 5-20 days
Risk adjusted fixed rate pricing
Proforma underwriting

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