• We now offer a 40-year loan with the first 10 years as interest only, enjoy a low monthly mortgage payment!!!
(800) 535-0270
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MortgageDepot has been the top choice when it comes to financing on apartment buildings. We have one of the best-priced programs for  2-4 unit multi family and apartment buildings loans. Contact us for pricing and guidelines. 800.535.0270

RATES AND TERMS:
– Five years fixed 5.50% with 30 yr am
– Ten years fixed 6.50% with 30 yr am
– Step down pre-payment penalty
– Term Sheet to closing is 45 days

GUIDELINES:
– 75% LTV
– Minimum DSCR of 1.20x
– 5+ residential rental units at a time
– Properties don’t have to be contiguous
– At least 90% must be leased
– 680+ mid credit score

ELIGIBLE PROPERTIES WITH 5+ Units:
– Single Family Residences
– Multi-Family Properties
– Condos
– Townhomes
– 2-4 Unit Properties
– Mixed Use Residential/Commercial where the
residential is at least 60% of the floor space
– Minimum Eligible Value of $50K per Unit
– No Modular or Manufactured Housing

We are very aggressive in the commercial lending platform, give us a call to discuss your project. 800-535-0270.

*This product is not regulated by the New York State  Department of Financial Services

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