Multi-family Apartment Loans
Your apartment deal deserves more than one loan committee.
A bank gives you an answer. As your loan broker, I give you options.
You found the building, the rents make sense and the seller wants a closing date. Then the bank wants more of everything. I’m Kevin Kermeen, and I place multi-family apartment loans for investors who own or buy buildings with five or more units. Whether you need apartment building loans for a purchase, a multifamily refinance on a maturing note or apartment complex financing for a value-add plan, I take one complete file to 200+ capital partners. Don’t Beg the Bank!
Call Kevin 7 days a week (Arizona Time).
- Purchase, refinance, cash-out and bridge
- 5+ unit apartment buildings and complexes
- Minimum loan $150,000, up to $100 million
- I review every file personally
Multi-family Apartment Loans for Real Situations
If one of these sounds like your week, you are not the only one. Here is how I work each problem when you need multi-family apartment loans.
Your apartment purchase is in contract and the lender just went quiet
You put down earnest money, inspections are done and the closing date is on the calendar. Then the lender that issued the letter starts asking for things it never mentioned, and the seller’s patience is running out.
Your note is maturing and the bank wants a paydown
The building performs, but rates moved and the bank that loved you at closing now wants a big check before it will extend. You are running the math at night on what happens if the clock runs out.
Half the units need work and no bank will touch it
You bought a tired building with a plan, but the rent roll looks weak on paper and every bank wants stabilized income first.
Banks hand out umbrellas when the sun is shining, not when you are weathering the storm.
Call Kevin 7 days a week (Arizona Time).
How Owners and Investors Use Multi-family Apartment Loans
Most people look for multi-family apartment loans when something has changed: a purchase, a maturing note, a project that needs capital or equity they want to put to work. Here is what each situation usually needs.
Apartment building loans for a purchase
Apartment building loans for a purchase are sized on the in-place rents, the expenses and your down payment. Bring the contract, the seller’s rent roll and the trailing 12 months, and I can show realistic structures while you are still in contingency.
Multifamily refinance and cash-out
A multifamily refinance replaces a maturing or expensive note. A cash-out refinance can release equity for renovations or your next building without selling the one you own.
Bridge for value-add apartments
When occupancy is low or units are mid-renovation, permanent multi-family apartment loans are hard to get. A bridge gives you time to renovate and lease up, then refinances into long-term debt.
Apartment complex financing for larger assets
Apartment complex financing for larger properties looks hard at the operator, the market and the business plan. I package the deal the way those capital partners expect to see it.
Whatever the reason, the best multi-family apartment loans are the ones that fit your plan for the property. A loan that looks cheap on paper can cost more if the term, the prepayment rules or the reserves do not match what you are trying to do. I start with your goal, then shop the multi-family apartment loans that match it.
What Capital Partners Look At on Multi-family Apartment Loans
Every capital partner has its own guidelines, but most multi-family apartment loans are reviewed on the same core questions. Knowing them before you apply saves time and surprises.
- Rent roll and occupancy: who pays, how much and how long
- Trailing 12 months: real income and expenses
- Your experience: buildings you have owned or managed
- Condition: deferred maintenance and capital needs
- Market rents: how your units compare
- The exit: how a bridge gets repaid
- Credit and history: personal credit, plus any past bankruptcy, foreclosure or default
- The paper trail: leases, operating statements and title
If one of these is weak, it does not automatically end the deal. It changes which capital partners fit. That is the work I do on multi-family apartment loans before your file goes out.
For background on federal apartment programs and market data, see HUD multifamily housing programs and the Census Bureau rental vacancy and homeownership survey.
My Process for Multi-family Apartment Loans
- You call or click. Call Kevin 7 days a week (Arizona Time) at (480) 915-8690, or start the application. Tell me the real story of the deal, including the parts that worry you.
- You apply once. The commercial real estate loan application takes about five minutes, and estimates are fine. After you submit, you can upload documents to a secure link.
- I review the file personally. I look for what a capital partner will question and fix the story before it goes out.
- I match the deal. I take your request for multi-family apartment loans to the capital partners in my 200+ network whose guidelines fit your property, purpose and profile.
- You compare terms. I walk you through each option in plain English, including costs and conditions.
- I stay with you to closing. I stay on the file through appraisal, underwriting and closing, so you are not left chasing updates.
Call Kevin 7 days a week (Arizona Time).
Gather these first
To get a quote, capital partners usually want a mortgage statement or the purchase contract, the rent roll and leases if there are tenants, 12 months of operating history, photos of the property, a personal financial statement, a schedule of real estate owned and two months of bank statements. Don’t have everything yet? Start your application anyway. You can send the rest later.
Why Use a Broker for Multi-family Apartment Loans
A bank can only offer its own loan. A broker can compare many. I am a nationwide commercial loan broker, not a lender, and I work for you. My job is to know which capital partners are lending on multi-family apartment loans right now, and to present your deal so it gets a fair look. Don’t Beg the Bank!
“Kevin works for you, not the lender. Having your full financial picture up front lets him match you with the capital partners that fit your situation best, out of 200+, so you don’t have to apply over and over.”
- Need $150,000 or more
- Have a property, a contract or a real project
- Can share income, expenses and your financial picture
- Want options, not a single take-it-or-leave-it offer
- Need less than $150,000
- Are buying a primary residence
- Want a promise of approval before anyone sees the file
- Are not ready to share documents
Just Funded: Real Commercial Real Estate Deals
Want proof? These are real deals from my Just Funded posts. Read the full story behind each one.
Call Kevin 7 days a week (Arizona Time).
Multi-family Apartment Loans FAQ
What counts for multi-family apartment loans?
Multi-family apartment loans usually cover residential buildings with five or more units, from small apartment buildings to large complexes. Buildings with one to four units are usually financed differently.
Can I get apartment building loans for a value-add property?
Yes. Value-add apartment building loans are often structured as a bridge that funds the purchase and renovation, then refinances once the building is leased up. Capital partners want to see the budget and the plan.
When does a multifamily refinance make sense?
A multifamily refinance can make sense when a note is maturing, when you want a longer fixed term, or when the building has gained value and you want to pull out equity. I compare the options against your plan for the property.
What does apartment complex financing need for a quote?
Usually the rent roll, the trailing 12 months of income and expenses, the purchase contract or current mortgage statement, photos, a personal financial statement and a schedule of real estate owned.
What is the minimum for multi-family apartment loans through you?
The minimum loan is $150,000. Loans can go up to $100 million depending on the property, the deal and your file.
Is approval certain if I apply?
No. Every file is subject to credit approval, and rates and terms depend on the property, the deal and your file. What I can promise is a personal review and a straight answer.
Do you work in every state?
Yes, I work nationwide in all 50 states. Call Kevin (480) 915-8690 to discuss your situation, 7 days a week (Arizona Time).
Other Commercial Real Estate Loans
Need a different property type? See all commercial real estate loans, or pick a program below.
Ready to Talk About Your Multi-family Apartment Loans?
A bank gives you an answer. As your loan broker, I give you options.
Tell me what the bank would not hear. I review every file personally. Call Kevin 7 days a week (Arizona Time). Don’t Beg the Bank!
Call Kevin 7 days a week (Arizona Time).
Subject to credit approval. Terms vary. This is not a commitment to lend.