Phone:  (877) 247-8002

Address: 4350 La Jolla Village Drive, Suite 140 San Diego, CA 92122

Website: https://www.bofifederalbank.com/

Email: customerservice@bofifederalbank.com

States They Lend In:  Nationwide

 

BofI Federal Bank, a diversified financial services company with approximately $6.7 billion in assets, provides innovative checking, savings, and lending products and services to our personal and business banking customers throughout the United States. We operate our bank from a single location headquartered in San Diego, California.

Because we do not incur the significantly higher fixed operating costs inherent in a branch-based distribution system, we are able to provide a better value to our customers. This means that our interest rates on deposit products are generally among the highest available and our loan products feature low interest rates and fees. We distribute our deposit products through a wide range of retail distribution channels and distribute our loan products through retail, correspondent, and wholesale channels.

Our capital markets division focuses on the origination of commercial and industrial loans in target vertical markets as well as bulk loan purchases and sales to help our customers diversify loan portfolios, generate fee income and manage their balance sheets.

 

Income Property Lending: Multifamily Housing

 

Owners, investors, and brokers will find a wide array of financing options for Multifamily Housing on a direct and wholesale basis.  BofI Federal Bank delivers flexible and economical financing programs in multifamily markets throughout the United States. Apartment buildings of five or more units and mixed-use properties with less than 40% commercial use are eligible for financing.

 

Overview of Our Multifamily Lending Program

 

• Fast, efficient loan process
• Purchase transactions
• Refinance - with or without cash-out
• Loan amounts from $300,000 to $10,000,000 – higher or lower amounts available on a case-by-case basis
• Secondary financing may be allowed on purchase transactions
• Layered risk-based pricing to ensure the lowest rates possible
• Fixed and adjustable rates available
• Several prepayment options keep you in control
• Assumable
• Personal service from beginning to end

 

Income Property Lending: Commercial Real Estate

 

We offer commercial real estate owners and investors financing options on a direct and wholesale basis through Apartment Bank, a division of BofI Federal Bank. Apartment Bank delivers flexible and economical financing programs for retail, office, and industrial properties throughout the United States.

 

Some of the key features and benefits of our Commercial Lending program include:

 

• Fast, efficient loan process
• Purchase transactions
• Refinance - with or without cash-out
• Loan amounts from $750,000 to $10,000,000
• or lower amounts available on a case-by-case basis
• Multiple loan terms available to best suit your needs
• Several prepayment options keep you in control
• Personal service from beginning to end

Commercial and Industrial Lending: Lender Finance

 

The Commercial and Industrial (C&I) Lender Finance division of BofI Federal Bank offers creative, clear, and efficient financing solutions for fast and reliable closings.

We provide structured senior secured warehouse facilities that finance assets/loan receivables for the benefit of specialty finance companies that source, service, and manage:

 

• Single, Multi-Family, and Commercial Real Estate Bridge Loans
• Tax Lien Certificates
• NPLs and REO Portfolios
• Asset Based Lending and Factoring
• Equipment Leasing
• Transportation Asset Managers
• Consumer and Small Merchant

 

Pricing and terms will vary based on the asset type; but,typically have the following characteristics:

• Size: $10MM - $40MM
• Term: 2-4 years
• Rate: Dependent upon risk, but market competitive
• Structure: Senior secured warehouse facility to a special purpose entity which owns the assets/loan receivables
• Geography: Nationwide

 

C&I Lending: Commercial Bridge Lending

 

The Commercial Bridge Lending division of BofI Federal Bank specializes in providing bridge loans to owners, investors, and developers in need of funding. Our streamlined process and extensive experience help to ensure fast and smooth closings.

 

Some of the key features and benefits of our Commercial Bridge Lending program:

 

• Eligible Properties: Stabilized or stabilizing multi-family and commercial collateral; multi-family, mixed-use, office, warehouse, retail, industrial, hospitality, pre-development, and special use properties considered
• Loan Amount: Loans of up to $75 million are available
• Loan Term: Up to 3 years with extension options
• Maximum Loan-to-Value: Varies by eligible property type, up to 70% "As-Is" value
• Maximum Loan-to-Cost: Varies by eligible property type, up to 70% “As-Is” value
• No Prepayment
• Minimum Occupancy Requirement: None