Multifamily investors use Arixa in a variety of situations, and we bring our white glove service to bear in every case. Scenarios where we have been able to add value include:
Providing certainty of execution where close of escrow is not dependent on 3rd party appraisals
Quick-close situations where another lender failed to perform
1031 Exchanges
Partnership Buyouts
Cash-out refinances to make another investment
Ground up construction loans
Providing Non-Recourse options at leverage points higher than traditional bank leverage
Multifamily Lending Guidelines
| Property Types | Multifamily, Mixed Use, Small Lot Subdivisions |
| Loan Amount | $250,000 to $50,000,000 |
| Loan Term | 6 to 24 Months |
| Origination Fee | 1 to 2.5 points (depending on Rate, LTV and Loan Term) |
| Loan Type | Acquisition, Bridge, Construction, Construction Completion, New Construction, Refinance, Renovation |
| Lien Position | Senior |
| Interest Rate | 9.25% – 11.50% |
| Loan-To-Cost | Up to 75% of financeable costs |
| Loan-To-Value | Up to 75% LTV |
| Recourse | Recourse and Non-Recourse (Completion & Bad Boy Carve Out Guarantees) Options Available |
| Benefits | No Prepayment Fees, Quick Closings, Not Reliant on 3rd Party Vendors to Close |
| Location | AZ, CA, CO, FL, GA, ID, IN, MD, NC, OR, SC, TN, TX, UT, VA, WA |
Experience the Arixa difference: our goals for every loan and every experience with our clients
Industry leading, white glove service.
Many lenders talk about their service but at Arixa we have been walking the walking since we first started lending. Our “DNA” is client service and delivering on what we say we are going to do. All key functions at Arixa — from closing to servicing to construction draws and beyond — are performed by our employees who understand our service is the key to our success.
Quick decision making.
We will quickly give you feedback on whether we can make your loan and can often issue loan term sheets in a matter of hours and up to a few days depending on complexity of the loan.
Common sense diligence process.
We handle our diligence in-house, including valuations and are only going to ask for you the information that we really need to support our loan decision. No more requests for countless documents that have no impact on our credit decision.
Your deadline is our deadline.
We completely understand that speed and dependability are critical to our borrower’s success. We routinely fund loans in 10-14 days, if needed. When we commit to a funding date, that is the day your loan will fund.
Dedicated point of contact.
You work with a specific, knowledgeable Arixa loan origination professional, who has direct and immediate access to our investment committee. Your LO will learn your business and your needs and be there whenever you need them to assist you.
