Multifamily loans finance apartment properties with five or more units, and they work differently from a single-family mortgage: the lender underwrites the building’s income, not just the borrower. The property’s net operating income (NOI) and debt service coverage ratio (DSCR) decide how much it can borrow, which is why a well-run apartment building can support […]
To get a fix and flip loan, you find a deal that pencils, package the numbers a lender cares about (purchase price, rehab budget, and after-repair value), and submit it to a lender that funds purchase plus rehab in draws. Because these loans are underwritten on the deal rather than your income, a new investor […]
Yes — you can get a real estate loan without a W2 or tax returns, as long as it is for an investment property and a business purpose. These loans come from private and non-QM lenders that qualify the property instead of your personal income. The trade-off is a higher rate and a larger down […]
A DSCR loan qualifies the property by its cash flow instead of your personal income. The lender divides the rent by the loan payment to get a Debt Service Coverage Ratio (DSCR); if rent covers the payment, the loan can be approved — no W-2s, tax returns, or debt-to-income calculation required. That is why DSCR […]
A private real estate lender is a non-bank source of capital that funds real estate investors based on the deal and the asset, not on the borrower’s W-2 income. Where a bank underwrites your personal paycheck and tax returns, a private lender underwrites the property’s value, the business plan, and the exit. That is why […]
Quick answer: Use a broker when you want competing offers, you’re short on time, your deal is outside vanilla bank criteria, or you simply don’t want to manage a list of lenders. A business-purpose mortgage broker represents you, packages the deal, and runs it across many private lenders so you compare up to 5 offers […]
Quick answer: Don’t compare private lenders on rate alone — rate is one line on a deal that lives or dies on leverage, fees, prepay, term, and speed. Score every quote on the same 10 items below (rate, points, LTV/LTC/ARV, DSCR minimum, prepay penalty, term and amortization, draw process, close speed, recourse, and reserves) so […]
Quick answer: No — true 100% DSCR financing isn’t a real product. DSCR loans are an institutional product capped around 80% LTV, so plan on roughly 20–25% down. Lenders cap leverage to keep equity in the deal as a cushion against price drops. The honest good news: you can legitimately get close to zero out-of-pocket […]
Quick answer: Retail lenders underwrite the tenancy, not just the building. The metrics that matter: the anchor tenant and co-tenancy (does losing the anchor trigger other leases to break?), tenant sales per square foot and occupancy-cost ratio (rent ÷ tenant sales — low is healthy), tenant credit and weighted-average lease term (WALT), and the center’s […]
Quick answer: Apartment buildings (5+ units) are financed on the property’s net operating income (NOI) and debt-service coverage (DSCR) — not your personal income. The right capital depends on the deal: agency or bank debt for stabilized, cash-flowing assets at the best rates; bridge financing for lease-up, repositioning, or value-add; and private/DSCR programs when speed, […]
