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 fixed and 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 fixed and 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

Cleo Mcdougald
SVP, Managing Director of Multifamily

“As an extension to your team, we are here to cater to the needs of our clients. Our team of outside-the-box-thinkers listen and advise the best solution to support your goals.”

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

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.

 

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.

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