General Lending Parameters
Types of Loans | Acquisitions, Recapitalizations, Value-Add and Bridge to Bridge |
Types of Properties | Multifamily, select mixed use, horizontal land in core infill locations *Lend on market rate and affordable projects * Experienced in ADU strategy |
Lien Position | First Trust Deeds Only |
Average Rate | Starting at 8.99% *program rates are dynamic and subject to both upward or downward market movement |
LTV/LTC | Up to 80% LTV / 85 % LTC |
Value Add Proceeds | Up to 100% of value add funds including buyout and renovation costs |
Origination Fee | 1-2% |
DSCR Requirements | No in place DSCR minimum |
Personal Guaranty | Case-by-case basis |
Loan Maturities | 6-36 months (extensions available) |
In addition to multifamily, Sunday also lends in other asset classes. Submit your mixed use, land development, or other asset class needs to see how we can help.
632 Broadway 6th Floor
New York City, NY 10012
520 Pacific Street, Suite #5
Santa Monica, CA 90405
© Sunday Capital 2021