MULTIFAMILY 5+ · ALL 50 STATES

Multifamily Loans Nationwide

Apartment and multifamily financing for 5+ unit properties nationwide—generally from about $500,000. Agency, bank, CMBS & bridge paths. Texas-based Expo Lending. Subject to underwriting.

Have a 5+ unit deal?

Aiden Fahimi, Broker | Mortgage Advisor (NMLS #1943973) · Expo Lending LLC · NMLS #2619446
Send the OM, rent roll, and T12 if you have them.

Call (877) 732-4464 Text (713) 885-3944 Contact form

Commercial multifamily financing starts at five or more residential units on one parcel. Expo Lending helps sponsors finance apartment communities and related multifamily assets in all 50 states. Loan sizes generally start around $500,000 and can scale into much larger institutional transactions, subject to underwriting.

1–4 unit rentals are typically handled as residential investor loans—see DSCR loans nationwide.

Capital Paths Commonly Compared

Agency (Fannie / Freddie) Stabilized 5+ unit assets; competitive leverage and long amortization on fitting files; non-recourse options common. Small-balance and standard executions vary by loan size.
HUD / FHA multifamily Long fully amortizing fixed-rate structures on qualifying assets; longer timelines are typical.
Bank / credit union Relationship-driven terms; often recourse with balloon structures and solid leverage on the right sponsorship.
CMBS Securitized executions for income-producing multifamily; non-recourse features on many programs.
Bridge / transitional Value-add, lease-up, or timing gaps—see commercial bridge. Often shorter terms with interest-only.

How Lenders Size Multifamily

Most programs take the lesser of a loan-to-value test and an income (DSCR) test. Indicative market ranges often center around roughly 75–85% LTV and DSCR hurdles near about 1.20x–1.30x depending on channel— always subject to underwriting. Cash-out may be available on seasoned assets within program LTV/DSCR caps.

Who These Programs Serve

  • Sponsors acquiring or refinancing 5+ unit apartments nationwide
  • Value-add operators who may bridge first, then take out to permanent debt
  • Entity borrowers (LLC, partnership, trust) where guidelines allow
  • Select senior, student, mixed-use residential, and manufactured housing community requests—see also RV & mobile home park loans

Expo Lending is Texas-based and has completed hundreds of successful closings. Meet the approach on our About page.

Related pages

Multifamily Loan FAQs

What is the minimum multifamily loan?

Programs we work with generally start around $500,000. Larger and institutional sizes are available when the asset supports them—subject to underwriting.

Do you finance duplexes or fourplexes here?

1–4 unit properties are typically residential investor loans (often DSCR), not commercial multifamily. Commercial multifamily starts at five units.

Is non-recourse available?

Non-recourse options may be available through certain agency, CMBS, and life-company style programs on stabilized assets—subject to underwriting.

Can occupancy be below 90%?

Stabilized programs prefer high occupancy. Transitional or bridge structures may fit lower occupancy with a credible business plan—subject to underwriting.

Are multifamily loans available in all 50 states?

Yes. Expo Lending is Texas-based with nationwide commercial multifamily reach, subject to underwriting.

Review a multifamily scenario

Mon–Fri 9 AM–6 PM Central · Nationwide business-purpose lending

Call (877) 732-4464 Text (713) 885-3944

Equal Housing Opportunity. Expo Lending LLC, NMLS #2619446. Aiden Fahimi, Broker | Mortgage Advisor, NMLS #1943973. 1000 Main St, Suite 2300 PMB 1161, Houston, TX 77002. Office (877) 732-4464 · Direct/Text (713) 885-3944. Commercial and business-purpose loan programs, guidelines, amounts, and availability vary by state and underwriting. This is not a commitment to lend. NMLS Consumer Access: nmlsconsumeraccess.org.