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Multifamily Loans
Fast bridge financing for multifamily acquisitions
New Silver’s nationwide Multifamily Bridge Loan Program provides short-term, interest-only financing for 5-65 unit apartment buildings executing value-add, lease-up, and repositioning strategies. Designed for experienced sponsors with a clear path to stabilization, refinance, or sale, this program supports transitional multifamily assets requiring speed and certainty of execution. We offer fast term sheets, quick closings, and leverage up to 85% LTC for strong sponsors and well-structured deals. Whether you are acquiring a partially occupied property or repositioning an underperforming asset, our bridge financing is built to help you move quickly and capitalize on opportunity.
- Multifamily
- Mixed-Use
Product Highlights
(Loan-to-Cost)
(Loan-to-After-Repair-Value)
Borrower Requirements
- Minimum 660 FICO
- Prior multifamily experience preferred
- 1–4 unit experience considered for 5–8 unit deals
- No bankruptcies, foreclosures, or major credit events in past 5 years
- Personal guaranty required
- SPE required (LLC or LP)
- No foreign nationals
- No cash-out refinance
Eligible Transactions
- Investment acquisition (purchase)
- Purchase + rehabilitation
- Rate-and-term refinance (no cash-out)
Key Benefits
- Fast Funding — Quick term sheets and streamlined closings
- Up to 85% LTC — Higher leverage for strong sponsors
- No Prepayment Penalty — Exit early with no added cost
- Interest-Only Payments — Preserve cash during stabilization
- Transparent Pricing — Clear rates and fees upfront
- Nationwide Lending — 42-state coverage
Ideal Use Cases
- Value-Add Acquisitions — Acquire underperforming 5–65 unit apartment properties with a defined plan to increase rents, improve operations, and enhance overall performance. Bridge financing provides capital to complete interior renovations, address deferred maintenance, improve management efficiency, and reposition the asset within its market. Once stabilized and income is optimized, borrowers can refinance into permanent financing or exit through a sale.
- Lease-Up & Stabilization — Ideal for properties that do not yet qualify for long-term financing due to vacancy, tenant turnover, or transitional cash flow. Whether partially occupied or recently renovated, this bridge loan supports the lease-up period and provides the runway needed to achieve stabilized occupancy and stronger operating metrics before refinancing.
- Repositioning & Conversions — Well suited for sponsors executing a structured plan to upgrade units, modernize amenities, or improve common areas to drive rent growth and NOI expansion. With a clearly defined timeline and exit strategy, investors can unlock additional value through targeted improvements.
- Competitive Acquisitions — In competitive markets, speed and certainty matter. With fast term sheets and streamlined closings, investors can act decisively and secure attractive multifamily opportunities without the delays often associated with traditional financing.
How It Works
- Step 1: Apply Online — Submit your deal details, including purchase price, renovation scope, rent roll, operating history, and proforma. Our team reviews the opportunity and issues a term sheet outlining leverage, pricing, structure, and key loan terms so you can evaluate the fit and move forward with clarity.
- Step 2: Underwriting — Underwriting evaluates both the in-place performance and the projected post-stabilization plan. Required third-party reports include an MAI appraisal, Phase I Environmental report, and Property Condition Report. We analyze projected cash flow and require a minimum 1.20x DSCR based on stabilized performance to ensure a clear path to refinance or sale.
- Step 3: Approval & Close — Once due diligence is complete and final documentation is executed, the loan moves to closing. Our process is structured for efficiency, allowing qualified transactions to proceed from approval to funding without unnecessary delays.
- Step 4: Execute & Exit — Once funded, you deploy capital to execute your value-add, lease-up, or repositioning strategy. As occupancy improves and NOI increases, the property moves toward stabilization and stronger performance metrics. With a defined 12–24 month bridge term and no prepayment penalty, you maintain flexibility to refinance into permanent financing or sell once your business plan has been successfully executed.
Why Choose New Silver
Tech-enabled underwriting
Fast term sheets and quick closings
Built for multifamily investors
Transparent pricing
White-glove support
$1B+ funded across 1,200 loans
Precision and certainty in execution
Dedicated loan advisor
Nationwide lending platform
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Frequently Asked Questions
A multifamily bridge loan is a short-term, transitional loan used when an apartment property’s current condition or cash flow does not yet support long-term financing. Instead of focusing solely on in-place income, it accounts for a sponsor’s plan to improve the asset, such as raising below-market rents, completing unit renovations, resolving operational inefficiencies, or stabilizing vacancy. The loan is typically interest-only and structured around a defined execution timeline, with the expectation that the property will either qualify for permanent financing or be sold once performance metrics improve.
Our Multifamily Bridge Loans offer fixed rates typically ranging from 9.5% to 12.0%. Pricing depends on leverage, sponsor experience, property fundamentals, and overall deal structure.
New Silver’s Multifamily Bridge Loans range from a minimum of $1,000,000 to a maximum of $5,000,000.
We provide fast term sheets and prioritize efficient execution. Closing timelines vary depending on deal complexity and required third-party reports, but the program is structured for timely closings.
Yes, appraisals are required for Multifamily Bridge Loans with New Silver.
Prior multifamily experience is preferred. Sponsors with 1–4 unit experience may be considered for smaller multifamily properties between 5–8 units. A minimum 660 FICO is required, with no bankruptcies, foreclosures, short sales, or major credit events within the past five years.
There is no pre-payment penalty on New Silver’s Multifamily Bridge Loans.
Bridge loans are structured with a defined exit strategy, typically refinancing into permanent debt after stabilization or selling the property once the value-add plan has been executed.
Hard Money Loans
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Multifamily Loan Resources
A complete guide to multifamily loan types, structures, and what investors need to know before financing a multifamily property.
Learn the key factors that impact multifamily loan interest rates and how to secure the most favorable financing for your investment.
A curated breakdown of the top multifamily bridge lenders by deal size, structure, and execution, from small balance to institutional.
Everything investors need to know about multifamily bridge loans, including structure, leverage, rates, and exit strategies.
How hard money multifamily loans work, when to use them, and what to look for in a lender.