Multifamily Loans (5+ Units)
What is a multifamily 5+ loan and who qualifies?
Commercial multifamily financing underwritten to NOI and cap rate — not your tax returns. Once a building crosses five units it stops being residential and becomes commercial real estate. Our Multifamily Loans finance 5–8 unit apartment buildings vested in an LLC or LP (larger deals quoted case-by-case): we underwrite the rent roll, T-12 operating statement, and market cap rate to a net operating income figure, then size the loan to a minimum 1.00x debt service coverage ratio, with 1.20x+ earning the best pricing. No personal tax returns, no DTI, business-purpose only.
Reviewed and updated August 9, 2026
- Commercial financing for 5+ unit apartment buildings — a different underwriting path than 1–4 unit DSCR.
- Loan size is driven by net operating income (NOI) and a market cap rate, at a 1.20–1.25x DSCR.
- Up to 75% LTV; $250K–$10M; 5/7/10-year fixed on a 30-year amortization.
- LLC or LP vesting required — business-purpose only, no owner-occupied units.
- Available across our full 37-state + DC service area for entity-vested investment property.
Multifamily loan calculator: NOI, cap rate, and DSCR sizing
Commercial multifamily loans are sized off net operating income and a market cap rate, then capped by whichever binds first — LTV or DSCR. Enter your rent roll assumptions to see the loan a 5+ unit building actually supports.
Income
Section 8 rent check — HUD Fair Market Rent
Pull the current HUD FMR by ZIP or county and compare it to your market rent.
Open-market rent check — Census ACS median rent
Pull the published median market rent for a state or investor city and compare it to the HUD Section 8 payment standard.
Expenses
Valuation & loan terms
Lenders underwrite a management fee and replacement reserves whether or not you pay them, so self-managing does not increase your loan amount.
Results
- Supportable loan amount
- $1,057,974
- Effective gross income
- $188,736
- Operating expenses
- $83,513
- Net operating income (NOI)
- $105,223 / yr
- Monthly payment
- $7,307
- Resulting DSCR
- 1.20x
- Equity required
- $560,844
- Cash flow after debt service
- $17,537 / yr
- Value-add leverage
- Every $10,000 of additional annual NOI adds roughly $153,846 of value at a 6.5% cap rate.
Lesser of $1,214,114 at 75% LTV and $1,057,974 at a 1.20x DSCR — DSCR binds.
Gross potential rent $194,400 less vacancy, plus other income.
Includes management and $3,300 of reserves.
Capitalized value at 6.5% = $1,618,818 ($134,902 per door).
7.375% on a 30-year amortization.
At 65% effective LTV.
DSCR is the binding constraint: the building supports $1,057,974 at a 1.20x floor, which is only 65% LTV.
Illustrative only. Not a quote, lock, appraisal, or commitment to lend. Final loan amount, rate, cap rate, expense underwriting, and reserves are set in underwriting from your certified rent roll, T-12, commercial appraisal, and property condition report.
Live DSCR pricing on a 1-4 unit rental scenario
These are actual pricing responses returned for a sample business-purpose DSCR scenario on non-owner-occupied investment property - rate, APR, borrower points or lender credit, estimated principal and interest, and lock period from the same quote. Pricing changes intraday and is not a loan approval, commitment, or guarantee of financing.
Live pricing unavailable — no current pricing response.
Get My Live DSCR Rates
The three cards above are featured examples from the current snapshot. Enter your own property, credit tier, leverage and rent to see every eligible option for your deal.
Rate & Pricing Disclosure: This quote is an indication for the scenario entered and the pricing available at the time shown. Rates and terms are subject to change without notice and may change or may not be available at commitment or closing. This is not a rate lock, loan approval, commitment to lend or offer of credit. APR reflects applicable borrower-paid finance charges and pricing credits for this quote and may be the APR returned with the quote or our own audited calculation where verified borrower-paid finance charges outside the quoted price apply. Additional lender and third-party costs may apply and may not be included in the APR. Payment shown is principal and interest only and excludes taxes, insurance, HOA dues and other applicable costs, so your actual payment will be higher. Simply Approved Mortgages LLC is a mortgage broker, not the funding lender. Business-purpose, non-owner-occupied investment property only. Equal Housing Opportunity.
APR reflects applicable borrower-paid finance charges and pricing credits for this quote. Depending on the option, the APR shown is either the APR returned with that quote or our own audited calculation, used where verified borrower-paid finance charges outside the quoted price apply. Other lender and third-party costs may apply and may not be included in the APR.
Estimated payment is principal and interest only and does not include property taxes, insurance, HOA dues, flood insurance, escrows or other applicable costs.
Commercial multifamily financing underwritten to NOI and cap rate — not your tax returns.
Once a building crosses five units it stops being residential and becomes commercial real estate. Our Multifamily Loans finance 5–8 unit apartment buildings vested in an LLC or LP (larger deals quoted case-by-case): we underwrite the rent roll, T-12 operating statement, and market cap rate to a net operating income figure, then size the loan to a minimum 1.00x debt service coverage ratio, with 1.20x+ earning the best pricing. No personal tax returns, no DTI, business-purpose only.
Get your Multifamily Underwriting Summary.
Send the unit count and rent roll — we return a commercial sizing summary: underwritten NOI, value at market cap rate, max loan at 75% LTV, DSCR, and the debt service the building actually supports.
- Underwritten NOI from your rent roll and expenses
- Value at the market cap rate for your submarket
- Max loan at 75% LTV and at a 1.20x DSCR
- Monthly payment on a 30-year amortization
Illustration only, generated from the information you enter. Not a loan estimate, pre-qualification, commitment to lend, or approval. Formal pricing, LTV, and terms are issued only after credit review, income/asset documentation, and full underwriting.
Why 5+ units is a different loan
Fannie/Freddie residential guidelines and standard DSCR loans stop at four units. At five units and above the asset is commercial residential real estate, and lenders switch from a residential appraisal-and-rent-schedule model to an income-capitalization model. Instead of asking "does the rent cover PITIA?", a multifamily lender asks "what is the building's net operating income, what cap rate does this submarket trade at, and what loan does that value and cash flow support?"
How NOI and cap rate size your loan
Underwriting starts with the T-12 (trailing twelve months of operating statements) and the current rent roll:
- Gross potential rent less vacancy and credit loss = effective gross income.
- Less operating expenses — taxes, insurance, utilities, repairs, turnover, payroll, an underwritten management fee (typically 4–5%) and a replacement reserve (typically $250–$300 per unit per year) — equals NOI.
- Value = NOI ÷ market cap rate. A building with $120,000 NOI in a 6.5% cap submarket underwrites near $1,846,000.
- Loan is the lesser of the LTV cap (up to 75% of that value) and the amount that keeps DSCR at or above 1.20x (1.25x on cash-out).
The practical consequence: raising rents or trimming controllable expenses increases value on a multiple. A $10,000 annual NOI improvement at a 6.5% cap adds roughly $154,000 of value — the entire logic of a value-add multifamily play.
Property and sponsor requirements
- Units: 5–8 residential doors, one asset or a contiguous campus. 9+ doors quoted case-by-case.
- Occupancy: 85%+ physical and economic occupancy for permanent debt. Lower occupancy routes to a bridge loan first, then permanent takeout.
- Sponsor: 700+ FICO on 5–8 unit residential programs, prior landlord experience (multifamily experience preferred above 20 units), net worth roughly equal to the loan amount and 9–12 months of liquidity.
- Vesting: LLC, LP, or corporation. Single-purpose entity generally required above $2M. Recourse standard; partial-recourse considered on lower leverage.
- Mixed-use: allowed where commercial square footage and commercial income are each under 25–30% of the total.
Rates, structure, and prepay
Small-balance multifamily typically prices in the 6.75%–8.50% range depending on leverage, DSCR, market, and fixed period, on a 30-year amortization with a 5, 7, or 10-year fixed term. Interest-only periods of 12–24 months are available at lower leverage. Prepayment is usually a step-down (5-4-3-2-1) or yield maintenance; step-down is the default on our small-balance programs.
Illustrative only. Not a quote or commitment to lend. Actual terms depend on the asset, market, sponsor, and third-party reports.
Where multifamily fits against our other products
- Under 5 units? Use a DSCR loan — cheaper, faster, no commercial third-party reports.
- 5+ scattered single-family doors? A portfolio blanket loan is usually the better structure than commercial multifamily.
- Under 85% occupied or mid-renovation? Start with a bridge loan or private money, stabilize, then refinance into permanent multifamily debt.
Get your Multifamily Underwriting Summary
Send the unit count and rent roll — we return a commercial sizing summary: underwritten NOI, value at market cap rate, max loan at 75% LTV, DSCR, and the debt service the building actually supports.
- Underwritten NOI from your rent roll and expenses
- Value at the market cap rate for your submarket
- Max loan at 75% LTV and at a 1.20x DSCR
- Monthly payment on a 30-year amortization
Illustration only, generated from the information you enter. Not a loan estimate, pre-qualification, commitment to lend, or approval. Formal pricing, LTV, and terms are issued only after credit review, income/asset documentation, and full underwriting.
Why investors choose this Multifamily 5+ loan program
Value and loan size come from net operating income and market cap rate — not comparable-sales appraisal alone.
Business-purpose commercial credit. Rent roll and T-12 replace tax returns and DTI.
5, 7, or 10-year fixed periods amortized over 30 years to protect cash flow.
Loans close in your entity. Single-purpose entity typically required above $2M.
Get your Multifamily Underwriting Summary
Send the unit count and rent roll — we return a commercial sizing summary: underwritten NOI, value at market cap rate, max loan at 75% LTV, DSCR, and the debt service the building actually supports.
- Underwritten NOI from your rent roll and expenses
- Value at the market cap rate for your submarket
- Max loan at 75% LTV and at a 1.20x DSCR
- Monthly payment on a 30-year amortization
Illustration only, generated from the information you enter. Not a loan estimate, pre-qualification, commitment to lend, or approval. Formal pricing, LTV, and terms are issued only after credit review, income/asset documentation, and full underwriting.
Multifamily 5+ qualifications at a glance
Program guidelines vary by investor. These are typical ranges — a Loan Officer confirms exact numbers on your scenario.
| Requirement | Typical | Notes |
|---|---|---|
| Units | 5–8 residential units | 9+ doors and mixed-use are quoted case-by-case through our commercial desk. |
| Minimum credit score | 700 | Experienced investors only — a documented history of owning or managing rentals is required. |
| Max LTV | 75% purchase · 70% rate/term | 65% on cash-out. |
| Minimum DSCR | 1.00 minimum | Underwritten to actual T-12 expenses plus reserves; 1.20+ prices best. |
| Occupancy at close | 85%+ physical & economic | Below that, bridge first. |
| Loan amount | $250K – $3M | 5–8 unit residential program; larger balances quoted case-by-case. |
| Term / amortization | 5, 7, 10-yr fixed / 30-yr am | 12–24 months IO available at lower leverage. |
| Reserves | 6–9 months PITIA | Plus $250–$300/unit/yr replacement reserve underwritten into NOI. |
| Vesting | LLC / LP / Corp | SPE typically required above $2M. |
| Prepayment | 5-4-3-2-1 step-down typical | Yield maintenance on some fixed terms. |
| Third-party reports | Appraisal, PCR, Phase I | Phase I generally required above $1M or with commercial space. |
Ranges are typical program guidelines and vary by investor, credit tier, and market. Not a commitment to lend.
Multifamily 5+ loan use cases
- Acquiring a stabilized 5–8 unit apartment building
- Refinancing a bridge or bank balloon on a small apartment
- Cash-out after a value-add lease-up or renovation
- Rolling a small multifamily out of a personal name into an LLC/SPE
Get your Multifamily Underwriting Summary
Send the unit count and rent roll — we return a commercial sizing summary: underwritten NOI, value at market cap rate, max loan at 75% LTV, DSCR, and the debt service the building actually supports.
- Underwritten NOI from your rent roll and expenses
- Value at the market cap rate for your submarket
- Max loan at 75% LTV and at a 1.20x DSCR
- Monthly payment on a 30-year amortization
Illustration only, generated from the information you enter. Not a loan estimate, pre-qualification, commitment to lend, or approval. Formal pricing, LTV, and terms are issued only after credit review, income/asset documentation, and full underwriting.
Multifamily 5+ rate & market update
Compiled from Freddie Mac PMMS, U.S. Treasury, and BLS releases. Figures are published with the period they cover and the date they were retrieved.
Multifamily 5+ loan vs. other investor financing
How commercial multifamily compares with the residential paths investors usually arrive from.
| Feature | Multifamily 5+ | DSCR (1–4 unit) | Portfolio Blanket | Bridge / Private Money |
|---|---|---|---|---|
| Unit eligibility | 5–8 doors, one asset | 1–4 units | 5+ scattered doors | Any investment asset |
| Underwriting basis | NOI ÷ cap rate + DSCR | Rent vs. PITIA (DSCR) | Aggregate portfolio DSCR | Asset value + exit plan |
| Max LTV | 75% / 65% cash-out | 80% / 70–75% cash-out | 80% / 75% cash-out | 80% of as-is / 65% cash-out |
| Min DSCR | 1.20x / 1.25x cash-out | 1.00x typical | 1.15x | Not required |
| Term | 5/7/10-yr fixed, 30-yr am | 30-yr fixed | 30-yr / 5-10 yr fixed | 12–24 months IO |
| Third-party reports | Appraisal + PCR + Phase I | Residential appraisal + 1007 | Appraisal or BPO per door | Appraisal or BPO |
| Time to close | 45–60 days | 21–30 days | 30–45 days | 5–14 days |
| Best for | Stabilized apartment buildings | Single rental houses & small multi | Consolidating scattered rentals | Speed, vacancy, and distress |
Eligible & ineligible properties for a Multifamily 5+ loan
If your asset is on the eligible list, we can quote it. If it's on the ineligible list, we'll usually still route you to a program that fits.
- 5–8 unit apartment buildings
- Garden-style and walk-up multifamily
- Contiguous multi-building campuses under one ownership
- Mixed-use with under 25–30% commercial income and square footage
- Stabilized Section 8 / voucher-heavy apartment buildings
- Owner-occupied units in the subject building
- Assisted living, memory care, and other operating-business assets
- Hotels, motels, and short-term-rental-only apartment buildings
- Student housing leased by the bed (case-by-case)
- Ground-up construction (use a construction loan)
- Buildings under 85% occupancy without a bridge takeout plan
Get your Multifamily Underwriting Summary
Send the unit count and rent roll — we return a commercial sizing summary: underwritten NOI, value at market cap rate, max loan at 75% LTV, DSCR, and the debt service the building actually supports.
- Underwritten NOI from your rent roll and expenses
- Value at the market cap rate for your submarket
- Max loan at 75% LTV and at a 1.20x DSCR
- Monthly payment on a 30-year amortization
Illustration only, generated from the information you enter. Not a loan estimate, pre-qualification, commitment to lend, or approval. Formal pricing, LTV, and terms are issued only after credit review, income/asset documentation, and full underwriting.
Benefits and trade-offs of a Multifamily 5+ loan
- No personal income documents — the building's NOI qualifies the loan.
- 30-year amortization protects monthly cash flow.
- Value grows on a multiple: NOI improvements are capitalized.
- One loan covers many doors — far less paperwork than 8 separate DSCR loans.
- Entity vesting is standard, with liability and estate-planning benefits.
- Interest-only options available at lower leverage.
- Slower and costlier to close: commercial appraisal, PCR, and often Phase I environmental.
- Lower leverage than 1–4 unit DSCR (75% vs. 80%).
- Balloon risk — the loan matures at the end of the 5/7/10-year fixed period.
- Prepayment penalties are standard.
- Stabilized occupancy required; lease-up deals need a bridge first.
- Sponsor net worth and liquidity tests apply.
Get your Multifamily Underwriting Summary
Send the unit count and rent roll — we return a commercial sizing summary: underwritten NOI, value at market cap rate, max loan at 75% LTV, DSCR, and the debt service the building actually supports.
- Underwritten NOI from your rent roll and expenses
- Value at the market cap rate for your submarket
- Max loan at 75% LTV and at a 1.20x DSCR
- Monthly payment on a 30-year amortization
Illustration only, generated from the information you enter. Not a loan estimate, pre-qualification, commitment to lend, or approval. Formal pricing, LTV, and terms are issued only after credit review, income/asset documentation, and full underwriting.
Multifamily 5+ loan worked example
A 12-unit garden-style building trading in a 6.5% cap submarket. This shows why multifamily deals are usually constrained by DSCR rather than by LTV.
- Units
- 12
- Average rent per unit
- $1,350 / mo
- Gross potential rent
- $194,400 / yr
- Vacancy & credit loss
- 6%
- Operating expense ratio
- 42% (incl. 4.5% mgmt + $275/unit reserves)
- Market cap rate
- 6.5%
- Rate / amortization
- 7.375% · 30-year
- Effective gross income
- $182,736
- Operating expenses
- -$76,749
- Net operating income (NOI)
- $105,987
- Value = NOI ÷ 6.5% cap
- $1,630,570
- Loan at 70% LTV
- $1,141,399
- Annual debt service at 70% LTV
- $94,584
- DSCR at 70% LTV
- 1.12x — below the 1.20x floor
- Loan resized to hold 1.20x DSCR
- $1,065,000 (65% LTV)
Outcome: The building supports about $1.065M of permanent debt — DSCR, not LTV, sets the ceiling. Adding $10,000 of annual NOI would raise the capitalized value by roughly $154,000 and the supportable loan with it. Illustrative only; not a quote, appraisal, or commitment to lend.
Illustrative only. Not a rate quote, lock, offer, or commitment to lend. Binding terms appear on your Loan Estimate.
Multifamily 5+ loan process: from scenario to close
- STEP 1Scenario review
Send the address, unit count, rent roll, and T-12. Same-day sizing on complete scenarios.
- STEP 2Term sheet
We issue an indicative term sheet with loan amount, rate range, DSCR, and cap-rate assumptions.
- STEP 3Third-party reports
Commercial appraisal, property condition report, and (where required) Phase I environmental — 3–4 weeks.
- STEP 4Underwrite
Rent roll audit, lease sampling, entity/SPE documentation, insurance and title review.
- STEP 5Close
45–60 days from signed term sheet on a clean file.
Get your Multifamily Underwriting Summary
Send the unit count and rent roll — we return a commercial sizing summary: underwritten NOI, value at market cap rate, max loan at 75% LTV, DSCR, and the debt service the building actually supports.
- Underwritten NOI from your rent roll and expenses
- Value at the market cap rate for your submarket
- Max loan at 75% LTV and at a 1.20x DSCR
- Monthly payment on a 30-year amortization
Illustration only, generated from the information you enter. Not a loan estimate, pre-qualification, commitment to lend, or approval. Formal pricing, LTV, and terms are issued only after credit review, income/asset documentation, and full underwriting.
Multifamily 5+ loan document checklist
Here's what to have ready when you apply. Missing items can be added during processing — but a complete file closes faster.
- Government-issued photo ID (driver's license or passport) for every guarantor
- Entity documents (LLC / LP / Corp): Articles of Organization, Operating Agreement, EIN letter, Certificate of Good Standing
- Voided check or bank letter for the funding account
- Two most recent months of asset statements showing down payment + reserves
- Homeowners / landlord insurance quote naming the lender as mortgagee
- Purchase contract (purchase) or existing note & mortgage (refinance)
- Preliminary title commitment ordered through an approved title company
- Current lease(s) or Section 8 HAP contract if the property is tenant-occupied
- Property tax bill and HOA statement (if applicable)
- Payoff statement from current lender (refinance only)
- Current certified rent roll with lease start/end dates and any concessions
- Trailing 12-month operating statement (T-12) and last two years of P&Ls
- Most recent property tax bill and current insurance declarations page
- Utility bills / expense detail for the last 12 months
- Schedule of real estate owned with unit counts and current debt
- Sponsor personal financial statement (net worth and liquidity)
- Capital improvement history and any planned value-add budget
- Purchase contract, or existing note and payoff statement on a refinance
Multifamily 5+ loans in Florida, Colorado, and LLC-eligible states
Simply Approved Mortgages LLC (NMLS #2620881) is a mortgage broker, not a direct lender, and arranges residential mortgage loans in Florida and Colorado. Multifamily 5+ business-purpose loans may be arranged in additional states only where permitted by applicable law and pursuant to applicable licensing requirements or exemptions.
Multifamily 5+ loan questions, answered
The questions investors ask us most — plus the exact answers we give on the phone.
Why can't I use a DSCR loan on a 6-unit building?
Residential DSCR programs are capped at 1–4 units because that is where residential appraisal and secondary-market guidelines end. At five units and above the asset is commercial and must be underwritten to NOI, a market cap rate, and a commercial appraisal.
How is my loan amount actually calculated?
We take effective gross income from the rent roll, subtract underwritten operating expenses including management and replacement reserves to get NOI, divide NOI by the market cap rate to derive value, then take the lesser of 75% of that value and the loan that holds DSCR at 1.20x or better.
What DSCR do you require on multifamily?
1.20x minimum on purchase and rate-and-term, 1.25x on cash-out. Stronger DSCR improves both pricing and proceeds.
Do you require personal tax returns?
No. These are business-purpose commercial loans underwritten to the property. We do request a personal financial statement to verify net worth and liquidity.
Can I close in an LLC?
Yes — entity vesting is required, not optional. Above roughly $2M we typically require a single-purpose entity that owns only the subject property.
What if the building is only 60% occupied?
Permanent multifamily debt requires roughly 85% occupancy. Below that we would place a bridge or private-money loan for the lease-up period and refinance into permanent debt once the building stabilizes.
How long does a multifamily loan take to close?
Plan on 45–60 days. The commercial appraisal and property condition report alone typically take three to four weeks.
Is there a prepayment penalty?
Usually yes — a 5-4-3-2-1 step-down is standard on our small-balance programs, and some fixed terms use yield maintenance instead. We will show you the prepay structure on the term sheet.
Do you finance mixed-use buildings?
Yes, where the commercial component is under roughly 25–30% of both square footage and income. Heavier commercial mixes are reviewed case-by-case.
What are typical multifamily rates?
Small-balance multifamily generally prices between 6.75% and 8.50% depending on leverage, DSCR, market, and the length of the fixed period. Pricing is illustrative and not a quote.
Are these loans recourse?
Standard programs are full recourse with a personal guaranty from the sponsors. Partial-recourse and non-recourse-with-carveouts structures are available on lower-leverage, strongly covered deals.
Do you lend on multifamily in every state you serve?
Yes — entity-vested, business-purpose multifamily is available across our 37-state and DC service area, with Florida and Colorado also licensed for consumer-purpose lending.
What is the smallest multifamily loan you will do?
$250,000. Below that a portfolio or single-asset DSCR structure is usually more economical because commercial third-party report costs do not scale down.
Can I buy a building and renovate it with this loan?
Permanent multifamily debt funds a stabilized asset. For a heavy renovation, use a bridge or private-money loan for acquisition plus renovation, then refinance into permanent multifamily financing at stabilization.
Which calculators should I run before financing a rental?
Start with the DSCR calculator to test rent against the payment, then the cap rate calculator for the unlevered yield, the cash-on-cash return calculator for the levered year-one return, and the ARV calculator when the plan involves a rehab. All outputs are illustrative estimates, not an approval, an offer of credit, or a commitment to lend.
Do the calculators work for every state?
No. Results are shown only for the states where we arrange financing, where Simply Approved Mortgages LLC arranges business-purpose investment property financing. Selecting any other state withholds results — the check runs on our servers and fails closed.
Can I share or save my calculator results?
Yes. Every calculator produces a share link that encodes the scenario inputs only — names, emails, phone numbers, and addresses are never included — plus a copy-to-clipboard summary of the key numbers you can paste into an email or a deal memo.
What is Simply AI and can it approve my loan?
Simply AI explains the figures already shown on the page in plain English. It provides educational explanations only, does not quote rates, does not confirm eligibility, and cannot approve financing. Rates, eligibility, fees, and terms are subject to verification and change — speak with a licensed loan originator before making a financing decision.
Government & regulatory references
Independently verify program rules and consumer protections.
Related programs & tools
The 1–4 unit path — faster and cheaper below five doors.
Blanket loan across 5+ scattered single-family doors.
Lease-up and stabilization before permanent multifamily debt.
Fast acquisition capital for distressed or vacant buildings.
Voucher-heavy buildings and HAP contract income.
37 states plus DC for entity-vested investment property.
Run the numbers on your Multifamily 5+ deal
Free calculators for the metrics underwriting actually looks at, plus side-by-side deal comparisons. All outputs are illustrative estimates and are not an approval, offer of credit, or commitment to lend.
Whole-deal underwriting: PITIA, DSCR, NOI, cap rate, cash-on-cash and refinance proceeds.
Test rent against PITIA and see the ratio a lender underwrites to.
Year-one levered return on the cash you actually put into the deal.
NOI, unlevered yield, and implied value at your target cap rate.
Comp-based after-repair value with the 70% rule and profit projection.
Model the rehab loan and the DSCR refinance in one place.
The monthly rent required to reach a 1.00, 1.10 or 1.25 ratio.
Full monthly PITIA — principal, interest, taxes, insurance and dues.
LTV, CLTV, equity, and proceeds available at your target leverage.
Proceeds, new payment, DSCR impact and break-even in months.
Cash to close: fees, prepaids, escrow reserves and credits.
Cash flow, DSCR and principal paydown side by side.
Cost of a step-down prepay at your planned exit year.
Investor metrics for the markets where we arrange financing.
Deal comparisons
- DSCR Loan vs BRRRR Strategy
- DSCR Loan vs Fix & Flip Loan
- DSCR Long-Term Rental vs Short-Term and Mid-Term Rental Financing
Program availability, leverage, and terms vary by state and program. Business-purpose, non-owner-occupied investment property only; owner-occupied use is not supported. Simply Approved Mortgages LLC is a mortgage broker and arranges — but does not make — loans. Equal Housing Opportunity.
Get your Multifamily Underwriting Summary.
Send the unit count and rent roll — we return a commercial sizing summary: underwritten NOI, value at market cap rate, max loan at 75% LTV, DSCR, and the debt service the building actually supports.
- Underwritten NOI from your rent roll and expenses
- Value at the market cap rate for your submarket
- Max loan at 75% LTV and at a 1.20x DSCR
- Monthly payment on a 30-year amortization
Illustration only, generated from the information you enter. Not a loan estimate, pre-qualification, commitment to lend, or approval. Formal pricing, LTV, and terms are issued only after credit review, income/asset documentation, and full underwriting.
Get your personalized investor loan quote
Pick the loan type that fits your deal and complete a short, tailored pre-qualification. A licensed loan officer follows up with an initial scenario review once we have your credit authorization and supporting documents — usually the same business day. Formal pricing and terms follow underwriting.
Pick a loan type
You can change this any time.Tell us about your scenario
The form below is tailored to DSCR rental loan — only the questions your program needs.