Multi-family Loan Program

GeographyAll states except AK, AZ, CA, MN, ND, NV, OR, SD, UT and WA
Loan PurposePurchase, Refinance, Residential Rehab
Loan Amount Range$75K +
Loan ProcessPaperless, automated and online
AssetsSufficient to make downpayment, self-fund first phase of project, and start making loan payments. 
Pre-Payment PenaltyNone
Terms6 to 24 months with interest only payments
Loan To CostUp to 90% of actual cost
After Repair Value (ARV)Minimum of $75K or $100K (e.g., larger cities) per unit
Max Loan To ValueUp to 80% of ARV
RatesStarting at 5.99% APR Interest Only
Determination of ValueAppraisal ordered through approved AMC—other appraisals will not be considered
BorrowerLoans are not made to individuals. NavCap only makes loans to business entities (e.g. LLC, Corps, etc)
Credit GridNo foreclosures in last four years, no open tax liens, and no bankruptcies discharged in the last two years. 
Credit ScoreGenerally 600 or higher for experienced borrower (2+ recent flips). 680+ for all others.
Feasibility StudyRequired prior to closing.
RehabMust be performed by licensed contractor
SurveyALTA survey required on loans greater than or equal to $3M
Repair MoneyRepair money disbursed to borrower in phases after work is completed
EnvironmentalRequires environmental screen that shows minimal environmental risk
Navigator Private Capital, LLC 1910 Towne Centre Blvd Suite 250 Annapolis, MD 21401. Navigator Private Capital only makes loans for business purposes and is not a residential mortgage lender. Navigator Private Capital is exempt from licensing requirements in our geographical footprint. This is not an offer to lend or to enter into an agreement. For more information, email us at