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Multifamily Loans
Multifamily Loans:
For Apartment Investors & Builders
Financing for apartment buildings with 5 or more units. Bridge loans are funded from our own capital. Value-add, 30-year rental, and ground-up multifamily construction programs are arranged through our lending partners*.
- Property
- 5+ Unitsapartment buildings
- Bridge LTV
- Up to 65%direct, of value
- Programs
- 4bridge to 30-year
- Term
- 12 Mo–30 Yrby program
- Borrower
- Entity OnlyLLC or corporation
- Lending
- Nationwidenon-owner-occupied
Maximum leverage shown. Actual leverage may be reduced based on property location, appraisal, in-place income, market conditions, borrower experience, credit, liquidity, project scope, property type and other underwriting factors. Terms subject to lender approval and program guidelines.
What Is a Multifamily Loan?
A multifamily loan finances a residential building with five or more units, such as a walk-up, a garden-style complex, or a mid-rise. Unlike a 1 to 4 unit rental, a building this size is underwritten mainly on the property itself: the rent roll, the operating expenses, the net operating income, and how much debt that income can support.
Investors use multifamily financing to buy a stabilized building, buy and renovate to raise rents, hold for the long term, or build new. Each goal calls for a different kind of loan, and we cover all four.
Best fit: an investor with a building under contract or already owned, a current rent roll and operating history, and a clear plan, whether that is holding, renovating, or refinancing into long-term debt.
Which program fits
| Buying or refinancing, short term | Bridge |
| Buying to renovate and raise rents | Value-add* |
| Holding for the long term | 30-year rental* |
| Building from the ground up | Construction* |
| Larger commercial deals | Partner lenders* |
Bridge loans are funded directly by VeeCasa Funding. Programs marked * are arranged through partner lenders. Not a quote.
Multifamily Programs
From a short-term bridge to a 30-year hold.
Multifamily Bridge
Short-term financing funded from our own capital, to buy or refinance an apartment building while you stabilize it or line up long-term debt. Interest only, up to 65% of value. We size bridge loans conservatively, to the property’s value and in-place income, so the refinance at the end actually works.
Value-Add Bridge*
Purchase and renovation in one short-term loan for buildings that need work: unit turns, deferred maintenance, or repositioning to raise rents. The renovation budget is released in draws as work is completed. Arranged through our lending partners.
30-Year Multifamily Rental*
Long-term financing for stabilized buildings, with fixed, adjustable, and interest-only options. Qualification is based mainly on the property’s cash flow. A common exit from a bridge or value-add loan. Arranged through our lending partners.
Multifamily New Construction*
Ground-up construction of 5+ unit buildings, funded through inspected draws as the project is built. Built for experienced developers. Arranged through our lending partners.
What We Finance
Eligible
- Apartment buildings with 5 or more units
- Walk-ups, garden-style complexes, and mid-rise buildings
- Occupied, partially vacant, and value-add buildings
- Mixed-use buildings with a residential majority (case by case)
- Purchases, refinances, and cash-out refinances
- Ground-up multifamily construction
- Bridge-to-permanent plans: bridge now, 30-year loan later
- Borrowers closing in an LLC or corporation
Not Eligible
- Owner-occupied properties
- Loans to individuals (business entities only)
- Borrowers involved in open liens or pending litigation
- Deals with no exit plan
Financing 2 to 4 units? See Fix & Flip, Renovation, or DSCR Rental*.
Documents to Have Ready
For every multifamily loan
- Entity documents for the borrowing LLC or corporation
- Purchase contract, or the deed and existing loan details for a refinance
- Current rent roll and copies of leases
- Trailing 12-month operating statement (T12)
- Two months of bank statements
- A list of properties you own or have owned
Also, depending on the program
- Value-add: itemized renovation budget and scope of work
- Construction: plans, permits or permit status, budget, and builder details
- Your business plan and exit: hold, refinance, or sell
From Application to Exit
-
Apply
Send the address, unit count, purchase price or current loan, rent roll, and your plan for the building.
-
Program match
We tell you which program fits and whether we fund it directly or place it with a lending partner.
-
Term sheet
You get terms in writing before you commit. No hard credit pull to start.
-
Underwrite and close
We review the property, the income, your experience, and the exit, then close in your entity’s name.
-
Stabilize, refinance, or sell
Bridge and value-add loans are repaid on sale or by refinancing into long-term financing.
Frequently Asked Questions
What counts as a multifamily property?
For this page, a residential building with five or more units. Properties with 2 to 4 units are financed through our fix and flip, renovation, and DSCR rental programs.
Do you lend directly on multifamily?
Yes, for bridge loans, which we fund from our own capital. Value-add, 30-year rental, multifamily construction, and larger commercial loans are arranged through our lending partners*. We tell you which applies before you commit.
How much can I borrow on a multifamily bridge loan?
Up to 65% of value, sized to the most conservative of the purchase price, the appraisal, and the value supported by the building’s in-place income. Final terms depend on underwriting.
Can you finance an occupied building?
Yes. Occupied buildings are common. Expect to provide a current rent roll, leases, and a trailing 12-month operating statement.
Can I refinance a bridge loan into a long-term loan?
Yes. Many investors use a bridge loan to buy or stabilize a building, then refinance into a 30-year multifamily loan arranged through our partners*. Plan the refinance before you close on the bridge.
Do I need multifamily experience?
Experience is required and reviewed case by case. Experience owning or operating apartment buildings strengthens your terms, and ground-up multifamily construction is for experienced developers.
Do you do larger multifamily deals?
Yes. For larger commercial loans, we work with commercial bridge and construction lenders*. Tell us about the deal and we will find the right fit.
Is there a minimum credit score?
Yes. Our direct bridge loans require a minimum credit score of 650. Below 650, we may still lend when the loan is 50% of the property’s value or less. Borrowers cannot be involved in pending litigation or open liens. Partner programs set their own credit requirements.
Where do you lend?
We lend nationwide on non-owner-occupied investment property. Availability depends on the property and the program.
Is there a prepayment penalty?
It depends on the loan and the program. Any prepayment terms are spelled out in your term sheet before you commit.
Have a Building in Mind?
Send us the rent roll and your plan. We will come back with the right program and terms, or a straight answer.
Loan Program Disclosures
Leverage & Underwriting Disclaimer
Maximum leverage percentages shown are guidelines only and represent maximum potential leverage, not guaranteed loan terms. Actual leverage may be reduced based on the overall risk profile of the borrower, property, and project.
Factors that may result in lower leverage include, but are not limited to: rural or sparsely populated locations; declining or unstable property values identified by the appraisal or other market data; in-place income, occupancy, and lease terms; limited comparable sales; unique, specialized, or non-conforming properties; low marketability or liquidity; high renovation or construction costs relative to property value; borrower experience; credit profile; liquidity and reserves; project feasibility; appraisal findings; title, environmental, or property-condition concerns; and other geographic, market, collateral, or underwriting risks.
Loan amount, leverage, interest rate, fees, term, and other conditions are determined on a case-by-case basis and are subject to lender underwriting, appraisal, due diligence, program requirements, and final approval. Programs, guidelines, and terms are subject to change without notice. Not all borrowers or properties will qualify for maximum leverage.
Partner Programs
* Value-add bridge, 30-year multifamily rental, multifamily new construction, larger commercial loans, and DSCR rental loans are arranged through partner lenders and are not funded directly by VeeCasa Funding. Terms, eligibility, and approval are set by that lender.
Business-Purpose Lending
VeeCasa Funding LLC makes loans for business and investment purposes only, secured by non-owner-occupied real estate, to business entities only. These are commercial loans. They are not consumer mortgages, are not intended for personal, family, or household use, and are not subject to NMLS or SAFE Act licensing. Loan programs, terms, leverage, and availability are subject to underwriting, property review, and credit approval, and may change without notice. Not a commitment to lend.
VeeCasa Funding LLC · 301B Amboy Ave, Woodbridge, NJ 07095 · (732) 314-1874
