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California Multifamily Bridge Loans

Buy, renovate and stabilize a 5+ unit apartment building in California, then refinance into long-term agency financing.

Anatoliy KanevskyFounder · NMLS #2775380

Multifamily bridge terms

Loan amount: $2M – $5M one property per loan
Purchase price: Up to 75%
Renovation budget: 100%, through a holdback
Total project cost: Up to 80%
Term: 18–24 months, interest only plus two 6-month extensions
As-stabilized value: 70% LTV max
Once stabilized: 1.25x DSCR and a 9% debt yield
Credit score: 725+

What is a multifamily bridge loan?

A multifamily bridge loan is a short-term, interest-only loan to buy and renovate an apartment building with five or more units, lease it up and then refinance into long-term agency financing. The purchase is funded at closing and the renovation budget is released from a holdback as the work is completed.

How is a multifamily bridge loan sized?

Up to 75% of the purchase price plus 100% of the renovation budget, within 80% of the total cost, as long as the stabilized property supports a 1.25x DSCR, a 9% debt yield and 70% of its as-stabilized value.

Multifamily bridge loan sizing tests
Sizing test	Limit
Loan-to-purchase price	75%
Loan-to-cost (initial)	70%
Loan-to-total cost (with renovation)	80%
As-is loan-to-value	75%
As-stabilized loan-to-value	70%
Stabilized debt-service coverage	1.25x
Debt yield	9% or higher

Sponsor requirements

Multifamily ownership and management experience in the same submarket
Single-purpose LLC or corporation (new, or existing with no other property), up to two members
725+ credit for every member; no bankruptcy or foreclosure in seven years
Liquidity of 10% of the loan after closing and net worth equal to the loan

What happens after you send a deal

Same person from the first call to the payoff.

We look at the numbersAddress, price, budget, what it will sell or rent for, and your track record. By form or by phone. No application and no credit check yet.
You get a straight answerWhich program fits and roughly how much leverage to expect, before you pay for an appraisal. If the deal doesn’t work, we say so.
Written termsA full credit report is pulled on every member of the entity. Then come the commercial appraisal, third-party reports, a site visit and a sponsor interview.
Close in a single-purpose entityRenovation funds are released from the holdback as work is completed.

Anatoliy Kanevsky, founder of West Coast Capital Mortgage

Send me the deal first

Send me the rent roll, the price, the renovation budget and your business plan. I’ll check it against the sizing tests before you pay for third-party reports.

Anatoliy Kanevsky, founder · NMLS #2775380 · CA DRE #01385024 Direct line 310-686-5053 · Burbank office

Questions about multifamily bridge loans

What is the exit for a multifamily bridge loan?

A refinance into long-term agency financing once the property is stabilized.

How many units do I need?

Five or more, in a fully residential building.

What experience do I need?

Experience owning and operating apartment buildings in the same market.

What are the borrower requirements?

A single-purpose LLC or corporation, 725+ credit for each member and liquidity of 10% of the loan after closing.

What renovations can be financed?

Light to moderate value-add work, up to about half of the purchase price.

How does prepayment work?

You can pay off at any time; a minimum of 12 months of interest is due at payoff.

Where can I use a multifamily bridge loan?

Apartment buildings in California’s primary and secondary markets.

What due diligence is required?

A commercial appraisal, environmental and property condition reports, a budget review and a site visit.

Not quite this deal?

Investment Property LoansCompare every program side by side.
Fix and Flip LoansUp to 90% of purchase and 100% of rehab.
Ground-Up Construction LoansLand plus 100% of the construction budget.
Investor Bridge LoansFinished properties listed for sale or leasing up.
Rental Portfolio LoansTwo to ten rentals in one 30-year loan.
DSCR LoansQualify a single rental on its rent.
Hard Money Loans in CaliforniaPrivate money to buy, fix, build or bridge.
Hard Money Loans in Los AngelesLos Angeles office, loans across LA County and the Valley.
Multifamily Bridge Loans Outside CaliforniaAt West Coast Capital Investment.

Underwriting an apartment deal?

Send the rent roll, purchase price, renovation budget and business plan. You’ll hear how it sizes before you commit to third-party reports.

Tell Me Your Scenario Call 310-654-1577

Anatoliy Kanevsky reviews investor deals himself. Direct line 310-686-5053

Business-purpose loans only. The programs on this page finance non-owner-occupied investment property purchased or refinanced by an LLC or corporation. They are not available for personal, family or household purposes or for a home you live in. Owners typically sign a personal guarantee. Loans are made or arranged by West Coast Capital Mortgage (NMLS #2817729, CA DRE Corporation License #02440065) and funded by our private lender. Figures are program maximums under current program guidelines as of November 5, 2026. Actual leverage, loan amount, rate, term and eligibility depend on experience, credit, liquidity, the property, the market and underwriting. Some markets receive lower leverage or are not eligible, and programs change without notice. Nothing on this page is an offer of credit, a rate quote or a commitment to lend.