Multifamily
Multifamily loans for 5–20 unit rentals.
Purchase and refinance financing for 5- to 20-unit rental properties, qualified on the rental income the units produce.
Multifamily terms at a glance
Best For
Built for investors who hold small multifamily rentals.
Financing for 5- to 20-unit apartment and rental properties you plan to hold.
- 5–20 unit rental purchases and refinances
- Individual or entity borrowers holding the property for rent
Key Details
What matters before you apply.
Multifamily loans are sized on the rent the units produce, with terms set for 5–20 unit properties.
Rates and coverage
Rates start at 7.25%, with up to 80% LTV and coverage as low as 1.00 on qualifying properties.
Loan size
Loans from $100,000 to $20,000,000 for 5- to 20-unit rental properties.
Purchase or refinance
Finance a new acquisition or refinance a multifamily property you already own.
Qualified on rental income
We size the loan on the rent the units produce, not your personal income.
Borrower and credit
Individual or entity borrowers, with credit scores starting at 660.
Fast closing
Close in as little as 15 days on qualifying submissions.
Before You Apply
Have the unit details ready.
We review rent by unit and the property's major expenses.
- Note the number of units on your application.
- Have a rent roll or current leases ready for each unit.
- Know the property's current taxes, insurance, and major operating expenses.
Ready to finance a small multifamily rental?
Start the application when the unit mix, rent, and loan request are clear enough for review.