Multi-Family Loan Program
When it comes to financing a Multi-Family property located in the New York Metropolitan area or Lower Connecticut, no Bank serves its customers better than Hudson Valley. Whether you are looking for a loan for a purchase or would like to refinance your existing loan with or without getting cash-out, Hudson Valley Bank will structure a deal that’s just right for you.
With our new Multi-Family loan program, you can take advantage of this buyers market to expand your portfolio, increase cash flow by refinancing an existing balance on a property you already own or tap into your equity to get cash out for capital improvements, to buy out partners, or for any other purpose you desire.
Our new Multi-Family loan program is the solution for all of your Multi-Family and Apartment Housing financing needs.
Program Features
- Competitive Fixed Rate
- 10 Year Term with 5 Year Re-pricing
- Amortization up to 30 Years
- No Points
- Debt Service Coverage 1.2 to 1
- Non-Recourse Loan
- Borrow up to $7.5 Million
The Hudson Valley Difference
- Strong knowledge of the local market
- Fast approvals and quick turn-around to meet tight closing deadlines
- All decisions made locally
- Extremely flexible
Program Limits
- Property must contain a minimum of 10 units
- Available for properties located in the NY Metro area and lower CT
- Up to 75% loan to value
For more information about our new Multi-Family loan program or any of our other products or services, please contact the branch nearest you or call Martin J. Brady at (914) 771-3229 or Vinny Palaia at (914) 771-3232.
If you prefer, you may also contact us online through this online contact form.
