Best Option for 5 Unit Apartment Building

[Zachary Russell]

Are there any DSCR programs for a 5 unit apartment building? Of those that exist, what about 20% down and amortized over 30 years? I'm under contract and ready to go.

[Nate Herndon]

@Zachary Russell here's a quick example of the 5-8 unit program that I utilize most frequently for commercial multifamily:

• 75% LTC
• 7.75% interest rate on 30-year fixed term
• 1.20+ DSCR minimum
• Basic DSCR calculation, no expense load: DSCR = Income ÷ PITI
• $350,000 minimum property value ($250k min. loan amount)
• 80% occupancy requirement