A long-term loan on a 5 to 10 unit apartment building that is already rented. Bigger than a fourplex, simpler than a huge agency loan.
A 5 to 10 unit building is often too big for a 1 to 4 unit rental loan, and too small for many large apartment programs to take seriously.
We treat it like a rental loan based on the building's income. You get long-term debt without the heavy process of a typical agency apartment loan.
Loan size typically runs $500K to $15M. 25 to 30 year payments are the most common request. No experience requirement.
These are typical ranges, not a quote. Your rate and loan amount depend on the property, your credit, and the market.
Suburban garden apartments, the workhorse value add asset.
Urban mid rise apartment buildings with elevator and structured parking.
Geographically clustered small multifamily underwritten as a single pool.
Off campus purpose built student housing in core university markets.
LIHTC, Section 8, and naturally occurring affordable with relevant compliance.
Retail or office on the first floor with apartments above. Common on main streets and in smaller cities.
From your first small apartment building to a larger refinance, this loan is meant to stay with the property while you hold it.
Bridge to buy and stabilize, then refinance into a longer-term loan. Both pieces can be quoted together up front.
Long term hold financing with 5, 7, 10, or 25 to 30 year structures.
Prior property management experience can help. First-time owners are often considered, sometimes at a slightly lower loan amount.
Bridge financing to meet identification and close deadlines, then permanent at stabilization.
Submit T12, rent roll, and OM. Terms often in 48 hours, signed LOI in a week.
Property condition, environmental, appraisal, title, insurance, and seismic where applicable.
We review the property, your experience, and the market. Then we tell you what is left to clear before close.
Loan documents negotiated and signed. Wire on close date.
Send the rent roll and T12. Terms often in 48 hours.
