Investor loans › Multifamily
Two to nine units, underwritten as one property.
Small multifamily qualified on the building's total rent rather than your income. Duplexes through nine-unit buildings, held in an entity, with no personal debt-to-income test.
The criteria
What makes a multifamily file move
A clean rent roll
Unit by unit, with lease start and end dates, current rent and deposits. This is the single thing that most often holds up a small multifamily file.
Leases that match
Signed leases that agree with what the rent roll says. Where a unit is vacant, the appraisal carries it, so vacancy is not a dealbreaker.
Vacancy is workable
The entity in order
Operating agreement and articles ready. If the LLC is new or still being formed, tell us early and we will work around the timeline.
Entity vesting standard
Above nine units
Larger buildings, mixed-use, and corporate real estate move to a commercial file rather than a residential DSCR loan. Different documentation, different timeline, still something we place.
Have a building in mind?
Send the address and the rent roll. We will tell you what it supports and roughly where it prices.