Short-Term Commercial Loans
If you’re looking to purchase or refinance a multifamily or commercial property, our short-term financing may be the right solution. Our short-term loans are typically for 12 to 24 months, and are built for acquisition + development, new construction, bridge, cash-out refinances, or partner buy-outs.
Our programs require first-position mortgages, and loan amounts can range from $100,000 to $10MM or greater. Eligible properties include multi-family, retail, mixed-use, office, industrial, warehouse, self-storage, special purpose, vacant lots, and raw land development.
Loan Type
- Credit Documentation: Credit is typically required, but not a major underwriting factor.
- Income Documentation: Income documentation on borrower is typically not required.
- Asset Documentation: Requires bank statements to verify down payment availability.
- Loan to Value: Up to 75% of purchase, 100% of construction, up to 75% of as-complete appraised value.
- Interest Rate: Starting at 9% interest-only (to well qualified borrowers)
- Points: 3-5 points, set based on experience and overall project risk.
- Credit Documentation: Strong credit profile is required
- Income Documentation: Global income documentation + pro forma / actual financials on subject.
- Asset Documentation: Requires proof of liquidity.
- Loan to Value: Up to 80% of purchase, 100% of construction, up to 80% of as-complete appraised value.
- Interest Rate: Starting at 4.65%; lower for qualifying borrowers and assets.
- Points: 1-2 points as negotiated.
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