Financing to build 2 to 50+ unit rentals, with the long-term apartment loan planned before you break ground.
A construction loan only gets you halfway. Once the building is finished and leased, you still need a permanent loan, and that is the loan you will live with for years. We look at both from the beginning, so the project is sized for the finished building, not just the build.
If you already own the land, its equity counts toward the project. Construction funding can cover up to the full vertical budget. When the units are leased, we refinance into a long-term apartment loan, either a 30 year fixed or an interest-only apartment loan.
On 2 to 50+ unit multifamily construction, loan amounts typically range from $500,000 to $10 million plus. Maximum LTV is typically 65% of the as-completed value.
These are typical ranges, not a quote. Final terms depend on the plans, budget, your experience, credit, and market.
Built-to-hold rental product in the 2 to 50+ unit range, with a clear path to a permanent apartment loan.
New garden-style communities built to hold as rental product.
Apartments over ground-floor shops, built to hold as rental product.
Stacked rental buildings, including urban and campus-adjacent product.
New rental buildings on city lots, with the permanent loan planned from day one.
This loan is for projects that become long-term rentals, not speculative flips.
The construction loan is a bridge to ownership, not an exit. The permanent loan is part of the plan from day one.
Land equity counts toward the project, which can materially cut how much cash you need to bring.
We look at lease-up and the finished building together, so you are not scrambling for a refinance when the last unit is painted.
Prior ground-up or major renovation experience is required. Similar project size helps the terms.
Send the plans, budget, and unit count, and we'll come back with a quote.
