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Multifamily Term Loans

What is a Multifamily Term Loan?

Multifamily term loans are asset-based loans for purchasing and refinancing 5+ unit residential properties. Multifamily term loans have an interest and principal repayment (amortization) component. Investors have a few options when selecting the best multifamily term loan for a specific deal.

Underwriting Criteria for Multifamily Term Loans

Multifamily term loans are based on the following underwriting criteria:

✅ Deal economics (see: DSCR Calculator)
✅ Borrower track record of experience
✅ Borrower credit score

Multifamily Term Loan Interest Rates

Our DSCR Loan Index tracks the prevailing interest rate for DSCR loans. See how OfferMarket's DSCR loan interest rate and terms compare:

Multifamily Bridge Loan Guidelines

Guidelines: Multifamily Bridge Loan
Interest Rates see index above
Origination Fees 1 to 2 points (% of loan amount)
Property Types 5+ unit and mixed use
Loan Amounts $500,000 - $25,000,000
Maximum LTV, ARV 75%
Maximum Loan To Cost Purchase: 80% of As-Is Value and 100% of rehab, Refinance: 75% of As-Is Value and 100% of rehab
Term Length up to 24 months -- +0.5% for months 13 - 18, +0.75% for months 19 - 24
Minimum Guarantor FICO 650
Ownership LLC or Corporation
Recourse Full recourse, Limited recourse

What is the process for getting a multifamily term loan?

Timeline: 15 - 30 days

  1. Get a quote (takes 1 minute)
  2. Complete processing action items in your My Loans portal
    ✅ Credit & Background Check
    ✅ Personal Financial Statement
    ✅ Schedule Of Real Estate Owned (track record of experience)
    📄 Download your pre-approval letter
    📄 Download your loan terms
    ✅ Upload entity docs
    ✅ Authorize title order
    ✅ Authorize appraisal order
  3. Schedule closing