Optimize Your Loan to Match Your Multifamily Investment Strategy
Accommodating Loan Amounts
- $500,000 to $25MM+
- Loan-to-Value (LTV) up to 75%
Flexible Terms
- Competitive 3, 5, 7 and 10-year hybrid rate terms
- Up to 30 year term / 30 year amortization period
- Interest only options
Diverse Property Types
Apartments (5+ units), mobile home parks, student housing, senior housing, affordable and mixed use
Streamlined Loan Process
We work one-on-one with you throughout the multifamily loan process to deliver best-in-class service
Accommodating Loan Amounts
- $500,000 to $25MM+
- Loan-to-Value (LTV) up to 75%
Flexible Terms
- Competitive 3, 5, 7 and 10-year hybrid rate terms
- Up to 30 year term / 30 year amortization period
- Interest only options
Diverse Property Types
Apartments (5+ units), mobile home parks, student housing, senior housing, affordable and mixed use
Streamlined Loan Process
We work one-on-one with you throughout the multifamily loan process to deliver best-in-class service
"Multifamily loans are not one-size-fits-all. It's important that I learn about clients short-term and long-term portfolio goals when advising about our various loan options."
We Check All Your Boxes
Lower Fees
We help minimize spending with low rates for underwriting, property appraisals, credit checks, and other operational expenses.
Stress-free loan processes
We clear hurdles, answer all questions, and tailor our multifamily financing options to align with your goals.
Expert consultation
Leverage our strategic expertise to maximize your multifamily loan's ROI and set yourself up for success.
Understanding of local real estate markets
Our multifamily loan team is knowledgeable about local markets and neighborhood trends.
Contact us to speak with a multifamily lending specialist
Western Region
1-877-APT-BLDG (1-877-278-2534)
- John Hendricks
1-213-427-5525
john.hendricks@bankofhope.com - John Omori
1-714-624-6266
john.omori@bankofhope.com - Mike Evans
1-949-293-3353
mike.evans@bankofhope.com
Eastern Region
The eastern region's multifamily loans may have different product features than those listed on this page. Please contact a representative for more information.
- Justine Choi
1-201-582-1188 - John Zhang
1-844-821-2023
FAQ about Multifamily Loans from Bank of Hope
Multifamily Loan Qualifications
What does Bank of Hope assess when reviewing applicants?
Bank of Hope assesses each borrower’s circumstances case-by-case. We account for the subject property debt service coverage ratio, loan to value, quality of the property, applicant's financial wherewithal and investment property experience.
Multifamily Loan Process
What materials should I prepare prior to applying for a multifamily loan?
Expect our multifamily loan team to ask for the following documents:
- Current rent roll
- 2 Years Operating Statements + Year to Date Operating Statement
- Purchase Agreement (if applicable)
- Resumes or documentation related to past experience
Are Multifamily Loans the Best Solution?
Is a multifamily loan appropriate for a mixed-use building?
Partner with the multifamily loan team if you anticipate less than 50% of generated income coming from commercial use. Otherwise, we recommend you partner with our commercial real estate loan experts.
Does Bank of Hope finance multifamily construction projects?
We suggest that you collaborate with our Construction Loan team when financing unfinished multifamily building projects. Click here and click on the "Constuction Loans" tab to learn more about this and similar loan options.
Does Bank of Hope provide multifamily loans for apartment buildings with five or less units?
A less than 5 unit multifamily loan would not be the most appropriate solution we provide. Instead, we would direct you to our Mortgage department.
Other FAQs
What types of products are handled in multifamily lending?
We provide lending on stabilized or bridge loans on market rate, affordable housing, mobile home parks, senior and student housing and mixed use properties. If you are unsure of whether we are the best fit, we welcome you to contact us for more information.
Multifamily Loan Qualifications
What does Bank of Hope assess when reviewing applicants?
Bank of Hope assesses each borrower’s circumstances case-by-case. We account for the subject property debt service coverage ratio, loan to value, quality of the property, applicant's financial wherewithal and investment property experience.
Multifamily Loan Process
What materials should I prepare prior to applying for a multifamily loan?
Expect our multifamily loan team to ask for the following documents:
- Current rent roll
- 2 Years Operating Statements + Year to Date Operating Statement
- Purchase Agreement (if applicable)
- Resumes or documentation related to past experience
Are Multifamily Loans the Best Solution?
Is a multifamily loan appropriate for a mixed-use building?
Partner with the multifamily loan team if you anticipate less than 50% of generated income coming from commercial use. Otherwise, we recommend you partner with our commercial real estate loan experts.
Does Bank of Hope finance multifamily construction projects?
We suggest that you collaborate with our Construction Loan team when financing unfinished multifamily building projects. Click here and click on the "Constuction Loans" tab to learn more about this and similar loan options.
Does Bank of Hope provide multifamily loans for apartment buildings with five or less units?
A less than 5 unit multifamily loan would not be the most appropriate solution we provide. Instead, we would direct you to our Mortgage department.
Other FAQs
What types of products are handled in multifamily lending?
We provide lending on stabilized or bridge loans on market rate, affordable housing, mobile home parks, senior and student housing and mixed use properties. If you are unsure of whether we are the best fit, we welcome you to contact us for more information.
Have more questions?
Read our comprehensive guide to Multifamily Loans.
Ready to get started?
Contact Us
1-877-APT-BLDG (1-877-278-2534)
The eastern region's multifamily loans may have different product features than those listed on this page. Please contact Justine Choi, FVP & Palisades Park Branch Manager at 1-201-582-1188 or John Zhang SVP & Sr. Relationship Manager at 1-844-821-2023 for more information.