How to Finance a Multifamily Property
A multifamily property with 5 or more units is financed with our commercial loan: up to $15,000,000 for purchase or rate-and-term refinance (up to $5,000,000 for cash-out), up to 75% LTV, a DSCR of at least 1.15x, a FICO of at least 680, a 5-30 year term and up to 30-year amortization. Properties with 1-4 units use the residential DSCR program instead.
Commercial purchase and rate-and-term refinance: up to $15 million. Commercial cash-out: up to $5 million. Residential DSCR: up to $5 million. Fix & flip: up to $5 million. Construction: up to $5 million. SBA loan limits are separate from total project financing.
Key loan facts
- Loan Amount
- $100,000 to $15,000,000 for purchase and rate-and-term refinance; cash-out refinance up to $5,000,000
- Eligible properties
- Multifamily (5+ units)
- Minimum DSCR
- Minimum DSCR 1.15x; a $4,000,000 value at 75% LTV supports a loan of up to $3,000,000, if the DSCR also meets 1.15x
- Maximum Leverage
- Up to 75% LTV
- Minimum FICO
- Minimum FICO 680
Eligible Asset Types
- Multifamily (5+ units)
Underwriting Guidelines
- Minimum DSCR 1.15x
- Up to 75% LTV
- Minimum FICO 680
- Illustrative: a $4,000,000 value at 75% LTV supports a loan of up to $3,000,000, if the DSCR also meets 1.15x
Who This Is For
- Owners and buyers of 5+ unit apartment buildings
Who This Is Not For
- Owner-occupied residential buyers
Frequently Asked Questions
Request Financing
Tell us about the property. We send preliminary terms, which are an estimate and not an approval.
Request Financing View Program GuidelinesSubject to underwriting, collateral review, borrower qualification, and lender approval. Not a commitment to lend.
Program Loan Limits
Commercial purchase and rate-and-term refinance: up to $15 million. Commercial cash-out: up to $5 million. Residential DSCR: up to $5 million. Fix & flip: up to $5 million. Construction: up to $5 million. SBA loan limits are separate from total project financing.
Related Programs
Ready to start a loan request?
Commercial real estate and investor property loans. Commercial purchase and rate-and-term refinance: up to $15 million. Commercial cash-out: up to $5 million. Residential DSCR: up to $5 million. Fix & flip: up to $5 million. Construction: up to $5 million. SBA loan limits are separate from total project financing.
Subject to underwriting, collateral review, borrower qualification, and lender approval. Not a commitment to lend.