A commercial loan that meets your multifamily needs
Multifamily loans are commercial term mortgages that help property developers, owners, and real estate investors build, purchase, and refinance small multi-unit properties (having two to four units) as well as large apartment complexes (with five and more units). These include condos, duplexes, townhomes, apartment buildings, and a portfolio of other properties
Though the loan comes with stringent qualification requirements and needs a large cash cushion, the loan terms are long and the interest rates are pretty competitive and affordable.
Highlights
Ideal For
Highlights
- Loan sizes from $100,000 and up
- Credit scores 680 and up
- LTVs up to 80%
- Terms: Up to 10 years or more fixed
- Amortizations: up to 30 years with interest-only options
- Low-documentation programs available
- Up to 12 months of cash reserves required
Ideal For
- Investors who want to finance multi-unit properties but are unable to qualify for a conventional mortgage
- Owner-occupants of two- to four-unit properties
- Fix-and-flip investors who want to purchase a multi-unit distressed property quickly
