Commercial & Multifamily
Multifamily Investment Loans
Build Wealth Through Multifamily Real Estate.
Explore financing for apartment buildings and qualifying residential investment properties containing five or more units.
Business-purpose financing
In plain words
Financing for apartment buildings with five or more residential units that you hold as an investment.
Benefits
- Qualification focuses on the building's rental income compared with its monthly costs.
- Finance a purchase, a refinance or a business-purpose cash-out.
- Smaller apartment buildings may be reviewed under residential-style guidelines with some programs.
- Ownership through an LLC or corporation is common.
Eligible property types
- Residential buildings with 5 or more units.
- Smaller apartment buildings under residential-style programs.
Financing purposes
- Purchase.
- Refinance.
- Cash-out refinance for business purposes.
General qualification considerations
- Qualification focuses on the building's rental income compared with its monthly costs.
- Lenders review the rent roll and leases for every unit. Vacant units may count at a reduced share of market rent, and the number of vacant units may be limited.
- Property condition matters: lenders look for no serious deferred maintenance, health or safety issues, or environmental concerns.
- Appraisals are more detailed, with a narrative report and photos of the units.
- Some programs require prior experience owning or managing investment property.
- Some programs require the down payment to come from your own funds rather than a gift.
- Ownership through an LLC or corporation is common.
Small Multifamily: Up to 10 Units
Financing for qualifying residential investment buildings with up to 10 units.
Duplexes, triplexes, fourplexes and small apartment buildings held as investments can be reviewed under residential-style guidelines instead of full commercial lending.
- Investment properties only.
- Qualification can use the building's rental income; some programs also allow other income documentation.
- Some programs accept vacant units at purchase and count them using market rent. Others limit vacancies.
- First-time investors may qualify under some programs; others require experience.
- Not every lender offers residential-style review, and the unit limit depends on the program.
Basic documentation checklist
Do not send documents through the inquiry form. After we talk, our team explains how to share them securely.
- Rent roll for all units and copies of current leases.
- Income and expense statement for the property.
- Purchase contract, or the current mortgage statement for a refinance.
- Insurance information and property tax bills.
- Entity documents, if a company will own the building.
- Photo ID for each owner or guarantor and a list of other properties owned.
Frequently Asked Questions
Is a building with 5 or more units residential or commercial?
Lenders often treat 5 or more units as commercial, but some programs review smaller apartment buildings under residential-style guidelines. We explain which approach fits your building.
Do vacant units count toward the income?
Often at a reduced share of market rent, and many programs limit how many units can be vacant, especially on a refinance.
Do I need experience owning rental property?
Some multifamily programs require it; others accept newer investors. Tell us about your experience.
What will the lender want to see about the building?
Usually a rent roll, current leases, an income and expense statement, and a detailed appraisal with photos of the units.
Learn More
Related programs and tools to help you prepare.
Request financing for this program
Send a short inquiry with the basics about your property. Our team will review it and contact you to discuss available options.
Financing disclosure
Plan A Realty Corp. facilitates business-purpose investment and commercial real estate financing. All programs are subject to lender availability, underwriting requirements, borrower and property eligibility, and applicable laws. Submission of an inquiry does not constitute loan approval or a commitment to lend.
Investment and business-purpose properties only. Homes you or your family will live in are not part of this financing center.
Contact Plan A Realty Corp.
- Call or text 516-777-0385
- Email info@planarealty.com
- Office 461 Maple Avenue, Westbury, NY 11590