We offer a variety of solutions for multifamily financing, including stated income loans and bridge financing for multifamily apartment housing communities. In addition, we have low fixed & ARM multifamily rates for permanent portfolio financing such as Fannie Mae, Freddie Mac, HUD, FHA agency financing for properties located in average to above-average locations, nationwide.

  • Blanket loans for SFR’s
  • Student housing
  • Senior housing
  • Manufactured housing communities
  • Assisted living facilities
  • A – B – C class considered

Rates and pricing for multifamily complexes depend on a variety of factors, including:

  • Strength of sponsor (credit/track record/etc)
  • Current DSCR & occupancy
  • Historical income documentation
  • Class of the apartment
  • Type of housing
  • LTV & location

As you can see, we have a wide range of multifamily financing solutions available. If you have any questions on where you think you or your apartment may qualify, please contact our office for further details. One of our specialists are available today. – 800-838-1889.

Underwritten and approved “in house” our specialists are eager to learn your situation. Stated income multifamily apartment loans are available for 2017, with very competitive rates.
  • No Tax Returns Required
  • No 4506T
  • No W2 Income Necessary
  • Property Based Income Decisions Money for purchase, refinance, or cash out is possible for quality properties and borrowers. Direct Money Lenders is actively funding stated income multifamily mortgages, nationwide, with loan amounts ranging from $100,000 – $2,000,000+.
  • Conduit lending (CMBS) is similar to what it was in the early 2000’s – There’s a tremendous momentum in the lending environment with aggressive LTV’s and rates hitting 80% for multifamily conduit loans. Hospitality and Mobile Home Park Conduit loans are also being considered once again. Interest only is available for low LTV – Pricing is extremely aggressive using a 5 or 10-year term. Both recourse and non-recourse transactions are options. – Loan amounts $1,000,000 and up.
    $100,000 – $500,000 – Providing capital in the, often times, overlooked/ignored micro balance multifamily mortgages. Fixed rate options for those properties that fall just outside of traditional bank guidelines. No Tax Returns – No 4506 – No W2’s – Flexible underwriting guidelines, performing and slightly under-performing multifamily and commercial properties nationwide. Learn more about our stated income mirco balance apartment mortgage.
    $500,000 – $5,000,000 – Attractive multifamily mortgage rates with reasonable underwriting. Highest LTV’s for apartment refinance, purchase, cash out solutions from a reliable capital partner you can trust. Stated Income – Core product More well-qualified borrowers and properties: Direct Money Lenders provides intelligent executions from portfolio multifamily lenders, Fannie Mae, HUD, FHA, Life Insurance, & Credit Unions.
    $5,000,000 & up – Ultra competitive debt and equity structures for serious multifamily apartment properties/investors, including high equity leverage bridge, Tax Credits, Construction, Conduit, LIHTC, Bond Credits, & Life Insurance quotes. » Large Balance Multifamily Loans – A successful submission
    $2,000,000 & up – Competitive financing for high quaility MHC’s – 50 minimum pads – prefer high double wide ratio. – We have solutions for parks with larger ratios of single wide in select areas. Fixed rate or ARM – 5 to 30 year terms – 85% LTV. » Manufactured Housing Communities – Greater understanding

    Senior Housing – Stated Income – Assisted Living Mortgages

    Rental residential healthcare properties. – Acquisition and refinancing of existing (> 3 yr) established senior housing – Up to 75% of the fair market value – New construction is starting to rise, however, and underwriting and approvals can be difficult, depending on the sponsor and location.

    Student Housing Loans – Stated Income Mortgage

    Available for medium to large universities, nationwide, with emphasis on the underlying demographics of the universities’ local market. Portfolio, Fannie Mae, FHA, and HUD available with loans ranging from $100,000 to $3,000,000.

    There are only a few multifamily refinance options that are available in today’s market and we pride ourselves on being a leader in the industry with best of breed lending products to empower the professional real estate investor.

    Understanding which lender to represent your multifamily loan request is KEY, when expecting a successful closing. Direct Money Lenders offers competitive bridge loans for multifamily refinances, as well as longer term Fannie Mae, FHA, conduit, or portfolio programs.

    Stated Income Property Lender

    Stated Income Lenders (Commercial Mortgage Backed Security) multifamily lenders that were around several years ago are, for the most part, gone.

    CMBS lenders are greatly dependent on a secondary marketplace that is actively trading these securities. Most of the conduit market took a massive hit during the financial crash of 2008 – 2009.

    We are proud to be back entering the market with a best of breed stated income mortgage with realistic and responsible underwriting practices that base the decision on the properties ability to support the loan.

    Please visit our commercial loan for stated investor section for additional information regarding this product.

    Conventional Multifamily Refinance

    Conventional portfolio lenders for multifamily apartment buildings are going through the same re-discovery times as the conduit or intuitions. However, there are some local and national banks that are still able to stay liquid enough to be interested in multifamily refinance loans with acceptable terms. The biggest problem is that most investors or property owners are not able to determine which banks are still lending, liquid and able to actually close loans. Mortgage rates, terms, and amortizations can change from one lender to the next, mostly depending on the strength of their operational sheet, knowledge of the local market, and willingness to accept new loans applications.

    Government Backed Multifamily Lenders – Fannie Mae – FHA – HUD

    By far, the best program out there today!!! – Fannie Mae multifamily loans that synced with the Uncle Sam backed programs are very much still alive and viable. In fact, this method of financing it is one of the more preferred way of getting qualified apartment deals at the customary terms. Loan-to-values approaching 80% to 90% financing on multifamily refinancing and 75% -85% ltv’s on refinancing are very much still available. DSCR or (Debt Service Coverage Ratios) can be very aggressive and year fixed rates are 30 or 35-year, fixed. FHA and HUD loans are the most competitive multifamily apartment mortgage rates available today.

    Government programs have taken heavy criticism, historically, and in more recent times, due to the long time to close and high front-end, third party expenses and inspections. However, if your plan is to keep the property long-term, there is no better option available. The various agencies have gone through a re-tooling in recent times to improve the system. It is common to get multifamily loans closed in a 60-day time frame, although it is always good to plan for 90 days.

    The expenses involved in a FHA 223f or HUD apartment loan can be great. A principal can expect up to a $20,000 and up front cost (after detailed Loan Terms sheet is issued) and up to 3% of the loan amount to be paid upon closing. However, there is simply no other non-recourse, long-term, loan out there in today’s lending climate.