Loans · Multifamily (5+ units)
Multifamily loans
Financing for apartment buildings of 5 or more units: buying, repositioning or refinancing.
At a glance
When a multifamily (5+ units) loan fits
Best forBuying, improving or refinancing apartment buildings
What sizes the loanThe property's income (net operating income) and value
Key numbersRent roll, trailing 12 months of operations, occupancy
Common pathsBridge for value-add, then long-term debt once stabilized
Who it fitsInvestors or sponsors with a clear business plan
Closes inAn LLC or other entity, business purpose only
Worked example
The numbers lenders start with
| Example deal | Figure |
|---|---|
| Gross rents, last 12 months | From your T-12 |
| Operating expenses | From your T-12 |
| Net operating income (NOI) | Rents minus expenses |
| Debt coverage | NOI ÷ annual loan payment |
| Value | NOI ÷ market cap rate, confirmed by appraisal |
Example onlyWe build your deal summary from your actual rent roll and T-12, then show each lender's answer side by side. These figures illustrate the math. They are not an offer, a rate quote or a promise of approval.
Your file
What to have ready
- Current rent roll
- Trailing 12-month operating statement (T-12)
- Business plan and renovation budget, if value-add
- Purchase contract or payoff statement
- Sponsor track record and financial statement
- Entity documents and guarantor ID
How we place it
Options in 48 business hours
Once your file is complete, we send it to the lenders in our directory that fund this kind of deal. Their answers come back to you on one page, side by side, with our fee in writing.
Questions
What investors ask us
Do you finance value-add apartments?
Yes. Value-add deals often start with bridge financing and move to long-term debt once the property is stabilized.
What do lenders look at first?
Usually the rent roll and T-12, then the sponsor's experience and the business plan.
Related loans
Other ways to finance it
LoansCommercial and mixed-use loansFinancing for retail, office, flex, industrial, self-storage and mixed-use property.LoansBridge loansShort-term money to buy fast, stabilize a property or bridge to your next loan.LoansDSCR rental loansLong-term rental loans sized on the property's rent, not your personal income.
Next step