Properties with five or more units are underwritten on the building's income. We match your deal to the lending program that fits its size, condition, and business plan.
Start with the property address, purchase price or value, current rent roll, and recent operating statements (a trailing 12-month statement, or T12, is ideal). If you have a business plan for renovations or rent increases, include that too. We'll tell you what else the lender needs once we see the deal.
For properties with five or more units, lenders focus mainly on the property's income and expenses, along with your experience owning or managing real estate. Your personal income matters less than it does on a residential loan, and loan terms and structures vary more from lender to lender. That's where working with a broker who can shop your deal pays off.
Some programs work with newer investors, often with more equity in the deal or an experienced partner. If you're moving up from single-family rentals, we can help you plan the path.
Yes. Bridge and short-term financing can fund the purchase and renovation of a property that needs work. Once it's stabilized and rented, you can refinance into long-term financing.
It depends on the lender, the property, and third-party reports like the appraisal. We'll give you a realistic timeline after reviewing the deal, so you can set your contract dates with confidence.
