5 to 10 Unit DSCR and Small Multifamily Loans
I arrange DSCR style loans on small multifamily rentals with about 5 to 10 units, qualifying mainly on the property rent. Most of these programs want long term leases. This is not an agency style loan. Not everyone will qualify.
What is a small multifamily DSCR loan?
A business purpose loan on a 5 plus unit residential building where rent coverage drives approval more than your personal tax returns.
Long term rent vs short term
Many 5 to 8 unit programs require long term leases and will not count Airbnb income. A few programs on larger 5 to 10 unit buildings may allow short term income with history or a projection. Tell me the city and unit count.
Experience
Some lenders want prior landlord or multifamily experience. Others are more flexible. I match the file.
Where
Investment only, states on my Licensing page. Run numbers on my DSCR calculator, then send the address.
Frequently asked questions
Can I get a DSCR loan on a 5 unit property?
Yes, through small multifamily DSCR programs I broker. Not everyone will qualify.
Does an agency lender do 5 to 10 unit DSCR?
No. These are specialty investor programs, not agency loans.
Can short term rent qualify a 5 to 8 unit building?
Often no. Many programs require long term leases at that size. Ask me before you underwrite an Airbnb plan.
Do I need an LLC?
Some states and programs require LLC vesting. Check my Licensing page and I will confirm for your address.