Multifamily Construction Loans in Coronado, California
Financing for multifamily and apartment properties in Coronado. 2-4 units, small apartments, and larger complexes.
$2.5M
Median Home Value
+0.0%
YoY Price Change
Up to 70% of completed value
Max LTV
14-21 days
Closing Time
Multifamily Loan Features
Construction Loan Terms
Max LTV
Up to 70% of completed value
Rate Range
10.99% - 13.49%
Term
12-24 months
Min Loan
$1M
Max Loan
$20M
Closing Time
14-21 days
Multifamily Construction in Coronado: FAQ
What types of multifamily properties do you finance in Coronado?
We finance duplexes, triplexes, fourplexes, and larger apartment buildings in Coronado. All properties must be non-owner-occupied business purpose loans. Loan amounts range from $1M to $20M.
Do you require rental income history for multifamily loans in Coronado?
No. Our multifamily construction loans in Coronado are asset-based, meaning we underwrite based on the property value and borrower experience, not rental income. This makes us ideal for value-add acquisitions where rents will increase post-renovation.
How quickly can you close on a multifamily property in Coronado?
We typically close multifamily loans in Coronado within 10-14 days. For simpler deals with clean title, we can close in as few as 7 days.
What LTV do you offer on multifamily properties in Coronado?
Up to 75% LTV on multifamily acquisitions in Coronado. For value-add or renovation projects, we can lend up to 65% of the after-repair value (ARV).
Construction in Coronado
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