Key features
- Acquisition and rate-term or cash-out refinance
- Bridge and stabilization scenarios
- Property cash flow and DSCR are central to many programs
- Structures for experienced and qualifying newer investors vary by lender
Who this is designed for
Apartment owners and investors financing five-or-more-unit residential properties, from stabilized assets to transitional projects requiring renovation or lease-up.
Property types and uses
Apartment buildings and eligible multifamily projects. One-to-four-unit investment properties generally fall under residential investor programs such as DSCR rather than commercial multifamily underwriting.
Common questions
Is a 5-unit property a commercial loan?+
Generally, yes. Residential mortgage programs typically cover one-to-four units; five or more units are commonly underwritten as commercial multifamily.
Can multifamily qualify using property income?+
Property cash flow is a major underwriting factor. Lenders also evaluate expenses, occupancy, sponsor experience, liquidity and other risk factors.
Are bridge loans available for apartment renovations?+
Yes, some commercial bridge programs are designed for acquisition, renovation, lease-up or stabilization before permanent financing.
Related financing
Tell us your scenario
CTC Equity compares your scenario across its lender network. Program availability, pricing, leverage and documentation requirements vary by lender, borrower and property.