DSCR Loans – The Lender

MFR

Multi
Family
rentals

MULTI-FAMILY Rentals

A multi-family property, or multi-dwelling unit (MDU), is a residential building with more than one rentable space. The most common examples are duplexes, triplexes, quadplexes and types of condos. Multi-family investments allow for the acquirement of multiple properties within one building and are the epitome of scalability. They are the perfect wealth-building tool for those looking to expand their real estate investment portfolio; they compound returns quickly, are generally easier to finance and tend to benefit from economies of scale.

One compelling advantage of MFR’s is the larger pool of tenants; and having more units to work with makes it easier for investors to earn their investment back quickly. Another underlying benefit of multi-family properties is there’s less risk involved. Unlike SFR’s, where income is lost when vacant, MFR’s are comprised of several units which alleviates the total economic loss. A perk for investors who prefer to be less involved in the management of their rental properties is the ability to take advantage of property management services; a multi-family rental typically generates enough income to afford their owners this luxury without significantly cutting into their margins. More income equates to higher value; since MFR’s consist of numerous units, translating to multiple streams of income, these properties are generally valued higher than single-family properties, dependent on comparable sales as rentals.

invest with noni

NONI is our innovative loan product and MFR’s represent an innovative opportunity to generate additional income from a single real estate investment. Similar to stocks, real estate investing allows for success through various strategies and this type of investing also serves as an alternative for investors who are unable to bear the volatility of the stock market. If you’re an investor who wants to take an active role in growing your capital, multi-family rentals are a great investment vehicle to build that income-producing portfolio.

loan terms

loan AMOUNT

$150k to $3.5mm

ltv purchase

Up to 85% LTV

LTV refinance

Up to 85% LTV on Rate and Term
w/ 80% Cash-Out options available

amortization

30 year amortization schedule

terms

7/6 ARM, 10/6 ARM, & 30 YR Fixed

*interest only options available for ARM’s

interest rates

3.875% to 6.5%

recourse

Full recourse. Personal guarantee required on all owners

dscr requirement

1:1 or greater = NONI
< 1 = nearNONI

vesting

Lending to individuals, LLCs,
corporations and trusts*

*trusts on case by case basis

time to close

30 to 45 days

get an

estimate

Requesting a loan estimate is simple and quick. Best of all, there are no obligations and no charges. Answer a few questions and allow us the opportunity to send you a personalized estimate and show you how our innovative loan products can best serve you.