Multifamily Lending Specialists
Multifamily Loans — Apartment Building Financing $1M to $100M+
Finance apartment buildings, student housing, and rental properties with rates from 5.25%. Agency (Fannie/Freddie), HUD/FHA, conventional, and bridge programs available nationwide.
What Is a Multifamily Loan?
A multifamily loan is commercial financing used to purchase, refinance, or renovate residential properties with five or more units — apartment buildings, student and senior housing, affordable housing, and mixed-use properties. Lenders size these loans to the property's net operating income, so the debt service coverage ratio, occupancy, and your experience as an operator carry more weight than personal income. Properties with one to four units are generally financed as residential mortgages instead, which is why most multifamily programs start at 5+ units.
Borrowers can choose among agency (Fannie/Freddie), HUD/FHA, and conventional programs depending on the property and goals, while value-add deals often start with bridge financing before refinancing. Investors weighing other commercial assets can compare commercial real estate loans or estimate payments with our loan calculator.
Why Choose Us
Why Choose Our Multifamily Financing
Partner with experienced multifamily lenders who understand the unique financing needs of apartment building investors.
Competitive Rates
Access industry-leading rates starting from 5.25% for qualified borrowers with strong credit and property performance.
Fast Processing
Streamlined underwriting process with decisions in 10-15 business days and funding in 30-45 days.
Flexible Terms
5-30 year terms with loan amounts from $1M to $100M+ for various multifamily property types.
Experienced Team
Our multifamily lending specialists have closed over $1.5B in apartment building financing nationwide.
Multifamily Loan Programs
Choose from a variety of financing options tailored to different property types and investment strategies.
Conventional Multifamily
Traditional bank financing for stabilized properties
- 70-80% LTV
- 25-30 year terms
- $1M-$50M+
- 1.25+ DSCR
Agency Loans (Fannie/Freddie)
Government-sponsored enterprise financing
- Up to 80% LTV
- Fixed & floating rates
- $1M-$100M+
- Non-recourse available
HUD/FHA Multifamily
Government-backed financing for affordable housing
- Up to 87% LTV
- 35-40 year terms
- Below-market rates
- Non-recourse
Bridge Financing
Short-term financing for value-add opportunities
- 70-80% LTV
- 12-36 months
- Interest-only
- Quick closing
Eligible Property Types
We finance a wide range of multifamily properties, from small apartment buildings to large residential complexes.
Apartment Buildings (5+ units)
Mixed-Use Properties
Student Housing
Senior Housing
Affordable Housing
Market-Rate Rentals
Condominium Projects
Townhome Communities
Quick Rate Estimate
Conventional Rates:5.25% - 7.50%
Agency Rates:4.75% - 6.75%
HUD/FHA Rates:4.50% - 6.25%
*Rates vary based on credit, property type, and market conditions
Qualification Requirements
General guidelines for multifamily loan approval. Specific requirements may vary by program.
Borrower Requirements
- Minimum 25% down payment (varies by program)
- Debt Service Coverage Ratio of 1.25x or higher
- Property must be stabilized (85%+ occupancy) for permanent financing
Financial Requirements
- Borrower net worth equal to loan amount
- Liquidity of 6-12 months of debt service
- Experience in multifamily property management
Our Multifamily Lending Process
Streamlined process designed specifically for multifamily property investors and developers.
1
Application
Submit property details and financial information
2
Underwriting
Property appraisal and financial analysis
3
Approval
Credit decision and term sheet provided
4
Closing
Final documentation and funding
Explore Related Financing Options
Compare financing options to find the best fit for your business needs
$2M–$100M+
CMBS Loans
Commercial mortgage-backed securities for larger properties with non-recourse options.
Learn more$500K–$25M
Conventional Commercial Loans
Standard bank financing for stabilized commercial properties with proven cash flow.
Learn more$500K–$50M+
Commercial Real Estate Loans
Financing for office buildings, retail centers, industrial properties, and mixed-use developments.
Learn more$500K–$25M
Bridge Loans
Fast short-term financing for time-sensitive acquisitions and property transitions.
Learn moreReady to Finance Your Multifamily Property?
Get personalized loan terms and rates for your apartment building or rental property investment. Our multifamily specialists are ready to help.
FAQ
Frequently Asked Questions
Multifamily financing refers to commercial loans used to purchase, refinance, or renovate residential properties with 5 or more units, including apartment buildings, student housing, senior housing, and mixed-use properties.
Most commercial multifamily loan programs start at 5+ units. Properties with 1-4 units are typically financed through residential mortgage programs. Our multifamily loans range from $1M to $100M+.
Debt Service Coverage Ratio (DSCR) measures the property's net operating income relative to its debt payments. Most lenders require a minimum DSCR of 1.25, meaning the property generates 25% more income than needed to cover loan payments.
We finance apartment buildings (5+ units), mixed-use properties, student housing, senior housing, affordable housing, market-rate rentals, condominium projects, and townhome communities.
Most programs look for a debt service coverage ratio of 1.25x or higher, a stabilized property at 85% or greater occupancy, borrower net worth equal to the loan amount, and 6-12 months of liquidity for debt service. Experience managing multifamily property and a down payment starting around 25% are also typically expected.
Down payment generally starts at 25%, though it varies by program. Agency loans (Fannie/Freddie) can reach up to 80% LTV and HUD/FHA programs up to 87% LTV, which lowers the equity required. The exact figure depends on the property's cash flow, your experience, and the loan structure you choose.
Our streamlined underwriting typically delivers a decision in 10-15 business days with funding in 30-45 days for conventional and agency loans. Government-backed HUD/FHA financing can take longer due to additional review. Having your rent roll, operating statements, and financials ready up front helps keep the timeline on track.
Agency loans (Fannie/Freddie) offer up to 80% LTV with non-recourse options for stabilized properties. HUD/FHA programs provide up to 87% LTV and 35-40 year terms, ideal for affordable housing. Conventional bank loans run 70-80% LTV with 25-30 year terms. The best fit depends on your property type and goals.
Still have questions? Our loan experts are here to help.