Multifamily Loans
Multifamily financing is ideal for properties with 5+ units and offers a variety of different down payment, loan terms and interest rate options. A multifamilies "cash flow" is one of the key factors lenders will use when determing your minimum down payment. There are also loan options to purchase a multi-family property that needs renovation and include those costs in the loan.
Loan Types:
- Purchase.
- Equity Cash Out.
- Refinance Rate & Term.
- Bridge Short Term.
- MF Construction Loans.
- CMBS.
Down Payment: 20%+.
Term: 15YR - 20 YR - 25 YR -30YR.
Amortization: 15YR - 20 YR - 25 YR -30YR.
Rates: Contact us for more information.
Property Type: Multifamily/Apartments, Manufactured Housing, Student Housing,
Mixed Used, Affordable Housing Senior Housing.
FAQ's on Multifamily Loans
Is there a minimum occupancy requirement for multi-family properties?
Properties must be at least 90% occupied. Certain exceptions may be allowed and are considered on a case-by-case basis.
What are multi-family loans?
Multi-family loans provide short- or long-term financing for 5+ units, apartment buildings, and mixed-use properties. These loans can be used to purchase, refinance, or cash-out properties.
What "Up Front" cost may I have when financing a Multi-Family property?
Depending on the size of the property, you may find you will have to pay for environmental reports, appraisals, survey, and/or pest inspections. Do not order these on your own as the lender will require these be ordered during the due diligence process.
832 301 6541
All other trademarks are the property of their respective owners, not endorsed or affiliated with any government entity. Rates and Terms are subject to change at any time without notice and are subject to state restrictions. Visit the NMLS Consumer Access website for regulatory information about us.
Figure: 7 TAC § 80.200(b) CONSUMER WISHING TO FILE A COMPLAINT AGAINST A COMPANY OR A RESIDENTIAL MORTGAGE LOAN ORIGINATOR SHOULD COMPLETE AND SEND A COMPLAINT FORM TO THE TEXAS DEPARTMENT OF SAVINGS AND MORTGAGE LENDING, 2601 NORTH LAMAR, SUITE 201, AUSTIN, TEXAS 78705. COMPLAINT FORMS AND INSTRUCTIONS MAY BE OBTAINED FROM THE DEPARTMENT WEBSITE AT WWW.SML.TEXAS.GOV. A TOLL-FREE CONSUMER HOTLINE IS AVAILABLE AT 1-877-276-5550. THE DEPARTMENT MAINTAINS A RECOVERY FUND TO MAKE PAYMENTS OF CERTAIN ACTUAL OUT OF POCKET DAMAGES SUSTAINED BY BORROWERS CAUSED BY ACTS OF LICENSED RESIDENTIAL MORTGAGE LOAN ORIGINATORS. A WRITTEN APPLICATION FOR REIMBURSEMENT FROM THE RECOVERY FUND MUST BE FILED WITH AND INVESTIGATED BY THE DEPARTMENT PRIOR TO THE PAYMENT OF A CLAIM. FOR MORE INFORMATION ABOUT THE RECOVERY FUND, PLEASE CONSULT THE DEPARTMENT’S WEBSITE AT WWW.SML.TEXAS.GOV.
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