Short answer: from August to October 2026, small-balance bridge and fix & flip loans priced at roughly 8.75%–11.75%, DSCR rental loans at 6.75%–8%, and stabilized small multifamily from credit unions around 6.7%. These are real quotes on real deals, not advertised rates.
| Loan type | Rate range | Lender points | Leverage | Term | Quotes |
|---|---|---|---|---|---|
| Bridge / fix & flip, 1–4 unit and small multifamily (CO, MA, TX, NC) | 8.75%–11.75% | 0.75–1.5 | 69%–93% of cost or as-is value | 12 months | 7 |
| Larger bridge with construction holdback (~$8.8M, CO) | 9.375% | 0.75 | ~75% of as-is value | 12 months | 2 |
| Transitional multifamily bridge (56 units, GA) | 12.75% | 1.5 | 50% of as-is value | 18 months | 1 |
| DSCR rental cash-out (VA, OH, TX) | 6.75%–7.99% | varies | 65%–75% LTV | 30-year | 6 |
| Credit-union small multifamily perm (FL) | 6.71% | ~0.29 | up to 75% | 5-yr fixed / 25-yr am | 1 |
What moved the price
- Experience. One lender quoted the same property at 9.00% for an experienced sponsor and 11.75% for a borrower without recent residential deals.
- Leverage. On DSCR loans, each step from 65% to 75% LTV added about 0.125%–0.25%.
- Loan size. One bridge lender allowed 75% leverage only because the loan was over $3M.
- Credit score. Two DSCR quotes at the same 75% LTV, at 691 vs 720 FICO, differed by about 1.1 points of rate (different properties).
How we built this
Every row comes from a written term sheet, letter of intent, or priced quote Vault received between August and October 2026. Rates exclude our fee; Vault's fee is typically 1–3 points, paid at closing. Small sample; your deal will price on its own facts. Indicative only, not a commitment to lend.
Next update: January 2027.