FHA Multifamily Loans

5+ Unit Multifamily Financing: The Complete Guide

5+ Unit Multifamily Financing: The Complete Guide

5+ unit multifamily financing options include bank loans, CMBS loans, Fannie Mae and Freddie Mac multifamily loans, hard money, and more.

Multifamily Mortgage Loan Requirements, Explained

Multifamily Mortgage Loan Requirements, Explained

Multifamily mortgage lenders have a variety of requirements for borrowers, including various rules involving LTV, DSCR, borrower experience, and much, much, more.

What is a Good Cap Rate for a Hotel?

What is a Good Cap Rate for a Hotel?

In general, there is no one good cap rate for a hotel investment. A good cap for a hotel varies based on asset quality, asset location, and industry metrics, such as RevPar (revenue per available room) and ADR (average daily rate). Hotels generally offer the highest cap rates of any asset class, with cap rates typically varying from 7.5% to 10.5% depending on asset type and market conditions.

What is the Minimum Debt Yield for a Commercial Loan? 

What is the Minimum Debt Yield for a Commercial Loan? 

In general, the minimum debt yield for a commercial real estate loan is around 10%. Some lenders, however, place their minimum debt yield requirements as low as 8%, while others require debt yields of up to 12%.

What are the Underwriting Guidelines for FHA Multifamily Loans?

What are the Underwriting Guidelines for FHA Multifamily Loans?

The underwriting guidelines for FHA multifamily loans are perhaps the strictest on the market today, excluding perhaps underwriting guidelines from life company lenders. HUD and lenders require a wide scope of reports, including appraisals, market studies, environmental reports, and much, much more.

Owning an Apartment Complex: What are the Pros and Cons?

Owning an Apartment Complex: What are the Pros and Cons?

Multifamily real estate is a fantastic investment option for many people, but it isn’t for everyone. In this article, we’ll review everything you need to know about the pros and cons of apartment ownership.

Small Apartment Loans for Investors: The Ultimate Guide 

Small Apartment Loans for Investors: The Ultimate Guide 

The definition of a small balance apartment loan varies from market to market and lender to lender but is typically defined as a loan between $750,000- $1 million to $5-7 million. While these loans may seem large to the smaller investor, many multifamily lenders are institutional in nature and rarely provide loans under $10 million.

The Top 20 Property Management Companies of 2020-2021

The Top 20 Property Management Companies of 2020-2021

Owning and operating a multifamily property can be a challenge, however, if you employ a competent property management firm, you’ve already won half the battle. In this article, we’ll review some of the top 20 multifamily property managers of 2020-2021, including Greystar, BH Companies, Lincoln Property Company, Pinnacle Property management, Bozzuto, Cortland Properties, and more.

What is a Non-Recourse Loan in Multifamily Real Estate?

What is a Non-Recourse Loan in Multifamily Real Estate?

When it comes to multifamily and commercial real estate loans, there are two main types of financing; recourse and non-recourse. When a borrower gets recourse financing, they are typically personally liable if they default on (or do not pay back) their loan. This means that the bank or lender may be able to seize their personal property to achieve repayment of the debt. In contrast, if a borrower has a non-recourse loan, the bank or lender generally can only take back the property as collateral for the debt instrument.