Multifamily Program

Fixed Rate Loans for Multifamily Property

Multifamily financing products for stabilized properties and value add projects that require renovation

Stabilized - Term

 Term Loans for 5+ Unit Residential Properties

  • Loan Amounts:  $500,000 to $5,000,000

  • Eligible Properties:  5+ unit multifamily

  • Minimum Credit Score:  680

  • 5, 10, & 30 Year Fixed Rate Options

  • Max LTV:  75% (Purchase/Rate-Term Refinance)

  • If owned <6 months, 75% of cost basis (Refinance)

  • Cash Out Refinance 75% max LTV

  • Cash Out Refinance 70% LTV if owned 6-9 months

  • Full Recourse (exceptions possible)

  • Occupancy must be 90%+ by unit count

  • Minimum Debt Service Coverage Ratio:  1.25X

  • Multifamily Investing Experience Required

Value Add

  Rehab Loans for Multi Family Projects

  • Loan Amounts:  $500,000+

  • Eligible Properties:  5+ unit multifamily

  • Minimum Credit Score:  680

  • Terms up to 24 months with extension options

  • Interest only payments

  • Up to 75 to 80% of purchase/100% of Rehab

  • Refinance: Up to 75% of as is value/100% of rehab

  • Interest on Drawn Funds Available

  • Full Recourse (exceptions possible)

  • Stabilized Debt Service Coverage Ratio:  1.25X

  • Prior experience in Value Add projects required

  • Available in most states and cities.  No rural properties

Experience Matters

Straightline was founded in 2006 with the goal of becoming a premier provider of  loans for real estate investors. Our simple approach has always been to provide fast answers, great service, and reliable funding for our clients.  Since 2006 we have provided millions of dollars in loans to local real estate investors who have improved properties, stabilized neighborhoods, created jobs, and built wealth.  

Keeping it Simple

We keep you moving toward closing by using common sense underwriting and making quick decisions.  We don't require unnecessary paperwork or burdensome financial documentation.  We have a simple application process and provide fast term sheets for review.  

Relationships Matter

We pride ourselves on repeat business and referrals from existing customers, realtors, title agencies, attorneys, mortgage brokers , appraisers, and other sources.  

15 Years

of Lending to Investors


Loans Funded in 2020


States Where We Lend