Purchase
Up to75%
Maximum loan-to-purchase
Based on the purchase price.For experienced multifamily investors
Multifamily
DSCR loans.
Financing up to $12,000,000
Buy your next building, refinance your current one, or put equity toward what comes next.
Send your scenario5+ units. No maximum unit count.
Room for your next investment.Illustrative property
Three ways to finance it.
Purchase, refinance, or access equity. Each has its own financing limit.
Refinance
Up to70%
Maximum loan-to-value
Based on the property’s value.Cash-out refinance
Up to65%
Maximum loan-to-value
Cash received is net of payoffs and costs.Maximum loan amount: $12 million. Final leverage and proceeds depend on the property, borrower, and underwriting review.
Know the five-year plan.
One year of interest-only payments, then four years of amortizing payments. Plan for the balance due at maturity.
- Year 1
Interest only
Monthly payments cover interest. The principal balance does not amortize during this period.
- Years 2–5
Principal + interest
Monthly payments amortize on a 30-year schedule. The loan term remains five years.
- End of year 5
Balloon payment
The remaining loan balance is due. A future refinance is subject to qualification and availability.
Prepayment choices 3/2/1 or zero prepayment penalty.
Non-recourse option Available for review.
Higher pricing applies to zero prepayment penalty and non-recourse options. Final terms and exceptions are set out in the loan documents.A fit for your
property and experience.
A few key requirements to help you decide whether to start a conversation.
The property
- 5 or more units, with no maximum unit count
- At least 500 square feet per unit; no single-room occupancy (SRO)
- All units individually metered
- Six months of verified rents
- Property Condition Assessment (PCA)
- Escrows for property taxes and insurance
The borrower & cash flow
- Minimum FICO score
- 680
- Minimum debt service coverage ratio (DSCR)
- 1.15
- Liquidity requirement
- 6 months
Verifiable prior multifamily experience is required.
For short-term rentals, DSCR is based on market rents. Meeting these starting requirements does not guarantee approval.
Let’s look at your building.
Your next step
starts here.
Tell us what you have in mind. Our team will review the property, financing purpose, and program fit with you.
- Purchase, refinance, or cash out
- No SSN or credit check to start
- A conversation with our loan team
A few things to know.
Clear answers before you take the next step.
How does DSCR qualification work?
DSCR compares the property’s qualifying income with its debt service. This program requires a minimum DSCR of 1.15. Rental income, expenses, and the proposed debt payment are reviewed by the lender. For short-term rental properties, DSCR is based on market rents.
What are the prepayment options?
A 3/2/1 prepayment penalty structure and a zero prepayment penalty option are available. The zero prepayment penalty option has higher pricing. Our team can review the applicable structure and conditions for your scenario.
Is non-recourse financing available?
A non-recourse option is available with higher pricing. The loan documents determine its scope, guaranties, and exceptions. Ask our team to review the option for your transaction.
Is this a 30-year loan?
The loan term is five years. Year one is interest only. During years two through five, payments include principal and interest based on a 30-year amortization schedule. The remaining balance is due as a balloon payment at the end of year five.
Does sending a scenario check my credit?
No. This form collects your contact information and property scenario for a preliminary review. It does not request your SSN, authorize a credit check, or constitute a loan approval.