Multifamily and Apartment Lending

Apartment Bank offers lending for residential properties consisting of two units or more. We provide industry-leading apartment and multifamily housing loans to borrowers throughout the United States. Our diverse portfolio of lending extends beyond traditional mortgage to include purchase, cash recapture, cash in refinance, and cash out refinance, as well as rate and term refinancing.


Personalized Underwriting

At Apartment Bank, we believe in building long-term partnerships by working together to understand and achieve your specific business objectives.

Loan Amounts of $300,000 to $20,000,000

Additional apartment and multifamily property loan amounts are available on a case-by-case basis.

No Minimum Credit Score Requirement

Borrowers with low credit scores may be eligible for maximum property financing. Call (800) 656-5626 to find out more.

Cash Out Refinancing Available

One of the benefits of a cash-out refinance is that you are not limited in the ways you can spend your lump-sum cash proceeds.

Eligible Properties

  • Stabilized properties with at least two units in major metropolitan statistical areas are eligible for financing
  • Student housing, mobile homes, and single room occupancy are eligible for financing
  • Multifamily financing requests are considered on 2 to 200 unit apartment buildings or communities

Loan Amounts

  • Loan amounts of $300,000 to $20,000,000 are considered
  • Exceptions considered on a case-by-case basis

Terms & Amortization

  • Adjustable, 3, 5, 7, and 10 year hybrid loans amortized over a 30-year term
  • Interest-only loan options are available

Prepayment Penalty

  • Step-down prepayment penalties during the fixed rate portion of the loan

Loan to Value Ratio

  • Maximum LTV 75%
  • Exceptions considered on a case-by-case basis

Debt Coverage Ratio

  • 1.25:1 DCR
  • Exceptions considered on a case-by-case basis

Credit Score

  • No minimum credit score requirements

Application Fee

  • Application fees are based on the customer’s qualifications and may range from $1,500 to $5,000
  • Fees will be applied towards third party costs including, but not limited to, the borrower’s credit report, appraisal report, and property inspection


  • Interest rates quoted daily
  • Layered risk-based pricing helps to ensure lowest rate
  • Please contact an Apartment Bank representative for pricing parameters


  • Financing is available to Individuals, Trusts, Limited Liability Companies, Limited Partnerships, and Corporations
  • Financing is also available to non-resident aliens


  • Most large metropolitan statistical areas with populations of 250,000 or more will be considered

Success Story


After 15 years of operating a multifamily property, a guarantor came to us inquiring about refinancing a hard-money loan. The subject property had favorable equity supported by good property cash flow and was located in a strong rental market. However, even with these positive factors, other traditional lenders declined this loan due to the borrower having recent personal financial difficulties and other credit issues.


At Apartment Bank, our personalized lending approach allowed us to look beyond the challenges of the guarantor and focus on the mitigating circumstances. With a desirable rental market, a strong DSCR and low LTV, we felt comfortable approving the refinance of this property, thus eliminating the high rate hard money loan. The guarantor was able to secure a loan that significantly lowered the monthly payments and improved the multifamily property’s overall net cash flow.



We want to learn more about your lending needs. Call us directly at 800-656-5626 or fill out our form and one of our loan specialists will reach out to you.