Apartment Building Loans for Investors (5-50 Units)
Apartment loans for 5-50 unit residential buildings qualify off the building's rent roll, not the borrower's personal income. Once a property crosses the 5-unit threshold it moves out of residential 1-4 unit financing and into small-balance multifamily territory - still investor-friendly underwriting, but with longer terms, higher LTV caps, and more flexibility on vesting than commercial bank financing.
Highlights
- •Covers 5-50 unit residential apartment buildings
- •DSCR-style underwriting - no personal income or tax returns
- •Up to 75% LTV purchase / 70% cash-out typical
- •LLC vesting standard
- •5/1, 7/1, 10/1 ARM and 30-year fixed options
- •Loans from $500K up to $10M+
Who it's for
Investors scaling beyond 1-4 unit residential into small apartment buildings, syndicators acquiring stabilized small multifamily, and operators refinancing seasoned properties to pull equity for the next acquisition.
Frequently asked questions
Are apartment loans different from DSCR loans?
Apartment loans (5+ units) use DSCR-style underwriting but as small-balance multifamily, not residential DSCR. The borrower still qualifies off rent rather than personal income; the underwriter looks at trailing 12 months of rent roll plus T-12 operating statements.
What is the minimum apartment loan amount?
Most small-balance multifamily programs floor at $500K-$1M. Below that, blanket DSCR loans across multiple smaller properties is often the better path.
Can I close apartment loans in an LLC?
Yes. LLC vesting is the standard for apartment loans. Single-member or multi-member LLC both accepted on most programs.
What credit score is required?
Apartment loan underwriting weighs FICO less heavily than residential DSCR - building cash flow and operator experience matter more. Most lenders accept 660+; pricing tiers at 700+ and 740+.
Got a apartment loans scenario?
Tell us the deal - we'll match you with the right lender and come back with current pricing.
Common questions on this topic
Related programs
Mixed-Use and 2-8 Unit Investor Loans
DSCR financing for mixed-use buildings (residential + commercial) and small multifamily 2-8 unit. No personal income docs.
Blanket Loans for Real Estate Investors
Blanket loans cover multiple investment properties under a single mortgage. DSCR underwriting at the portfolio level, release clauses, and one closing.