Multi-Family Loans2022-09-05T09:37:42-04:00

Multi-Family Loans

Financing for 5+ units, apartment buildings, and mixed-use

Green Block offers a variety of short- and long-term financing for 5+ units, apartment buildings, and mixed-use properties. Whether you’re an investor who is purchasing, refinancing, cashing-out, or building multi-family properties, we have a loan product that will meet your needs.

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Multi-family Loans

High LTVs

Fast Funding

Non-QM Loans

Multi-Family Loan Details

Short-term Financing

Long-term Financing

 Loan Types Bridge, Fix and Flip, Refinance, or Cash-out Purchase, Refinance, or Cash-out
Property Types Multi-Family Apartment Buildings (5-30 Units); Mixed-Use Buildings (Residential Space Must Be Greater Than 50% of Square Footage) Multi-Family Apartment Buildings (5-30 Units); Mixed-Use Buildings (Residential Space Must Be Greater Than 50% of Square Footage)
Loan to Value (LTV)* Stabilized Bridge
Purchase: Up to 80% of the As-Is Value
Purchase: The Lesser of Up to 75% of the As-Is Value or Up to 75% Loan-to-Cost
Loan to Value (LTV)* Stabilized Bridge
Refinance: Up to 75% of the As-Is Value
Refinance: Up to 75% of the As-Is Value
Loan to Value (LTV)* Stabilized Bridge
Cash-Out: Up to 65% of the As-Is Value
Cash-Out: Up to 70% of the As-Is Value
Loan to Value (LTV)* Fix & Flip
Purchase: Up to 85% of the Purchase Price + 100% of the Rehab Costs
Purchase: The Lesser of Up to 75% of the As-Is Value or Up to 75% Loan-to-Cost
Loan to Value (LTV)* Fix & Flip
Refinance: Up to 75% of the As-Is Value + 100% of the Rehab Costs
Refinance: Up to 75% of the As-Is Value
Loan to Value (LTV)* Fix & Flip
Cash-Out: Up to 65% of the As-Is Value + 100% of the Rehab Costs
Cash-Out: Up to 70% of the As-Is Value
Term 12-18 months (extended terms may be available) 30 years
Amortization Interest-only 5-8 units: Fully amortized, fixed rate available. Hybrid ARM available.
9+ units: Hybrid ARMS (5/1, 7/1, 10/1)Interest-Only Options available
Pre-Payment Penalty N/A 3- and 5-year stepdown pre-payment options
Rates Starting at 10.49% Starting at 7.2%
DSCR Minimum N/A 1.40
Property Condition Stabilized or rehab needed Rent-ready
Minimum Experience None None
Minimum FICO 680 680
Loan Amount $250,000 to $10 million $250,000 to $3 million
Minimum Property Value Fix and Flip: $35,000 per door (As-Is); $50,000 per door (ARV)
Stabilized Bridge: $50,000 per door
$50,000 per door
Borrower Type US-based business entities. Foreign National guarantors permitted. US-based business entities. Foreign National guarantors permitted.

* Max LTV based on factors such FICO, experience, property type

Download our full program overview for Short-term Multi-Family Programs
Download our full program overview for Long-term Rental Loans 5+ Units

Rental Portfolio Loan Application Process

Our loan process is simple and designed to help you close quickly and seamlessly. We know that time is money and our team’s goal is to help you move fast.

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Upload required documents to our secure online loan portal

Underwriting reviews the file

Loan is APPROVED!

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Frequently Asked Questions

Is there a minimum occupancy requirement for multi-family properties?2022-06-27T17:21:23-04:00

Properties must be at least 90% occupied. Certain exceptions may be allowed and are considered on a case-by-case basis.

Is there a maximum number of units allowed for a multi-family property?2022-05-22T18:15:06-04:00

Properties may contain up to 30 units. Certain exceptions may be allowed and are considered on a case-by-case basis.

What types of loans do you offer for multi-family and mixed-use properties?2022-05-22T18:13:27-04:00

We offer Fix and Flip, Bridge, Long-term Rental / DSCR, and New Construction loans for multi-family and mixed-use properties.

Do you lend on mixed-use properties?2022-05-22T18:12:38-04:00

Yes. However, residential space must be more than 50% of the total square feet of the building in order to qualify.

What are multi-family loans?2022-05-22T18:11:24-04:00

Multi-family loans provide short- or long-term financing for 5+ units, apartment buildings, and mixed-use properties. These loans can be used to purchase, refinance, or cash-out properties.

Who can borrow?2022-05-22T18:24:24-04:00

Our loans are for real estate investors looking to purchase, rehab, refinance, cash-out, or build investment properties. We lend only to legal business entities such as LLCs, LPs, or Corporations domiciled in the United States. We do not lend to individuals.

What fees are associated with Multi-family loans?2022-06-27T17:23:42-04:00

We believe in transparency. Please refer to the full program overview for a list of our loan fees.

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