Pricing education for real estate investorsBusiness-purpose · Non-owner-occupied only
5–10 Units UNDERWRITING SILO · NMLS #2827624
5–10 Unit Expanded Multifamily DSCR Loans
Bottom Line Up Front (BLUF): 5–10 Unit Expanded Multifamily DSCR Loans deliver institutional debt-fund and wholesale Non-QM financing for 5-to-10 unit garden apartments and townhome communities up to $5,000,000—eliminating global personal DTI overlays while offering 30-year fixed and hybrid ARM structures.
PURCHASE / R&T LTV
Up to 75% LTV
CASH-OUT REFI LTV
Up to 70% LTV
MINIMUM DSCR & FICO
1.15x – 1.20x · 640–660+ FICO
LOAN SIZE RANGE
$500,000 – $5,000,000
Appraisal, Income Formula & Prepayment Options for 5–10 Units
Required Valuation Report: Commercial MAI Appraisal + Verified Rent Roll + Trailing-12 (T-12) P&L
Underwriting Income Formula: Annual Net Operating Income (NOI) ÷ Annual Debt Service (>= 1.15x–1.20x)
Prepayment Step-Down Structures: 5-4-3-2-1 Step-Down, 3-2-1 Step-Down, or No Prepayment Penalty
Ideal Investor Strategy: Dedicated wholesale shelves engineered specifically for the 5–10 unit multifamily bracket ($500k to $5M loan amounts). Value-add bridge-to-permanent DSCR pairing: acquire and renovate at 80% LTC, then refinance into a 30-year fixed 5–10 unit DSCR loan. Allows out-of-state sponsors and multi-member LLC syndications (only 20%+ equity holders underwritten). No personal income tax returns, W-2s, or global debt-service ratio headaches.
Live Wholesale PPE & DSCR Underwriting Terminal
1–4 Unit PITIA vs. 5–25+ Unit Commercial NOI Simulator