Multifamily Land Loans in Corona del Mar, California
Financing for multifamily and apartment properties in Corona del Mar. 2-4 units, small apartments, and larger complexes.
$3.6M
Median Home Value
+0.1%
YoY Price Change
Up to 50% LTV
Max LTV
14-21 days
Closing Time
Multifamily Loan Features
Land Loan Terms
Max LTV
Up to 50% LTV
Rate Range
11.99% - 13.99%
Term
6-18 months
Min Loan
$1M
Max Loan
$10M
Closing Time
14-21 days
Multifamily Land in Corona del Mar: FAQ
What types of multifamily properties do you finance in Corona del Mar?
We finance duplexes, triplexes, fourplexes, and larger apartment buildings in Corona del Mar. All properties must be non-owner-occupied business purpose loans. Loan amounts range from $1M to $20M.
Do you require rental income history for multifamily loans in Corona del Mar?
No. Our multifamily land loans in Corona del Mar are asset-based, meaning we underwrite based on the property value and borrower experience, not rental income. This makes us ideal for value-add acquisitions where rents will increase post-renovation.
How quickly can you close on a multifamily property in Corona del Mar?
We typically close multifamily loans in Corona del Mar within 10-14 days. For simpler deals with clean title, we can close in as few as 7 days.
What LTV do you offer on multifamily properties in Corona del Mar?
Up to 75% LTV on multifamily acquisitions in Corona del Mar. For value-add or renovation projects, we can lend up to 65% of the after-repair value (ARV).
Land in Corona del Mar
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