Multi-Family Loans & Apartment Financing
Professional financing for 5+ unit properties. Agency, FHA, conventional, and CMBS loans from $1M to $100M+. Competitive rates for experienced investors.
5+ Units
Apartment buildings and complexes
Up to 80% LTV
High leverage options available
30-Year Terms
Long-term fixed rate options
Agency Loans
Fannie Mae & Freddie Mac programs
Multi-Family Loan Programs
Agency Loans (Fannie Mae & Freddie Mac)
Government-sponsored enterprise loans offering the most competitive rates and terms for stabilized multi-family properties.
- Most competitive rates available for stabilized properties
- Up to 80% LTV on stabilized properties
- 5-30 year fixed rate terms
- Minimum loan amounts: $1-5M
FHA Multi-Family Loans
Government-insured loans offering higher leverage and more flexible qualification standards for multi-family properties.
- Up to 85% LTV available
- Lower down payment requirements
- Long-term fixed rates (35-40 years)
- Non-recourse financing available
Conventional Bank Loans
Traditional portfolio loans from banks and credit unions offering flexible terms and relationship-based lending.
- Flexible underwriting standards
- Fixed and adjustable rates
- 65-75% LTV typical
- Faster closings (30-45 days)
CMBS Loans
Commercial Mortgage-Backed Security loans for larger properties offering non-recourse financing and competitive long-term rates.
- Minimum $2-5M loan amounts
- Non-recourse available
- 10-year fixed rates common
- Securitized for institutional investors
Qualification Requirements
Property Requirements:
- DSCR: Minimum 1.25x (property income vs. debt)
- Occupancy: Typically 85%+ required
- Condition: Good repair and maintenance
- NOI: Consistent net operating income
Borrower Requirements:
- Experience: Multi-family ownership preferred
- Credit: 680+ score (varies by program)
- Liquidity: 9-18 months reserves
- Net Worth: Often equal to loan amount
Why Invest in Multi-Family Properties?
Reduced Vacancy Risk
Multiple units spread risk - one vacancy doesn't devastate cash flow
Economies of Scale
Lower per-unit operating costs and maintenance expenses
Professional Financing
Better loan terms than 1-4 unit residential properties
Value-Add Opportunities
Force appreciation through improvements and better management
Get Your Multi-Family Loan Quote
Tesni Financial specializes in connecting multi-family investors with the best financing options. Agency, FHA, conventional, and CMBS loans available nationwide.