Multifamily DSCR Loans for 5-9 Unit Properties
Thirty-year financing for stabilized small-balance multifamily and qualifying mixed-use properties. Minimum DSCR starts at 1.00x.
Stabilized 5-9 unit residential
Qualifying 2-8 unit mixed-use
Purchase, refinance, or cash-out
Entity borrowers
Small-balance multifamily investors
Property Eligibility
Residential Multifamily: stabilized properties containing 5-9 residential units. Qualifying Mixed-Use: eligible 2-8 unit properties with up to 49% commercial space.
Requirements
Submit a scenario
Enough detail to route a broker scenario quickly.
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How Qualification Works
Property address
Unit count
Rent roll
Current occupancy
Operating expenses
Purchase price or current value
Requested loan amount
Transaction type
Mixed-use percentage, if applicable
Borrower experience
Program FAQs
Properties of 5 units and above are underwritten as small-balance multifamily rather than under the 1-4 unit residential DSCR program. Qualification is based on the property's net operating income relative to its annual debt service, with its own loan limits, minimum DSCR, and documentation.
Yes. Steel Root's Multifamily DSCR program covers stabilized residential multifamily of 5 to 9 units, and qualifying mixed-use properties of 2 to 8 units with up to 49% commercial space.
Multifamily DSCR is calculated as the property's net operating income divided by its annual debt service. The minimum is 1.00x, and the best pricing is available at 1.15x.
Expect to reference a current rent roll, leases, operating statements, property information, entity documents, and borrower and sponsor information. Final documentation depends on the transaction.
Yes. The Multifamily DSCR program supports purchase, refinance, and cash-out.
The Multifamily DSCR program is designed for stabilized properties. If the property is not stabilized, submit the scenario so Steel Root can determine whether another financing structure fits.
Financing a small multifamily property?
Submit the rent roll, property value, requested loan, and transaction details for review.