Multifamily Term

Roc Capital Makes Multifamily Term Loans Easy

Roc Capital Multifamily Term loans provide you with a reliable funding source for landlords, multifamily investors and property managers looking for long-term financing for properties with 5 or more units.

Multifamily Term Terms

  • Property Types

    5+ Unit Residential Properties - Eligible Mixed Use

  • Loan Amount

    $500,000 - $5,000,000

  • Loan Types

    30-yr Fixed Rate Mortgage, OR 5/1, 7/1, 10/1 hybrid ARMs (Partial IO or Fully Amortizing)

  • Recourse

    Full Recourse or Non Recourse with bad-boy carveouts and Pledge of Equity of Borrowing Entity

  • Term Length

    30 Years

  • Maximum Loan to Cost

    If owned less than 3 months, 80% of Total Cost Basis.
    If owned between 3 and 6 months, additional 5% haircut on Max Eligible LTV

  • Maximum Loan to As-Is Value (subject to minimum FICO)

    Purchase/Rate-Term Refinance: 75%
    Cashout Refinance:
    75% for loans less than or equal to $3MM
    70% for loans greater than $3MM

  • Minimum Debt Service Coverage Ratio

    1.25x (Net Cash Flow/Debt Service)

  • Minimum Guarantor FICO

    Mid-Score of 680

  • Lease Requirements

    Minimum Occupancy Rate of 90% by Unit Count

Attractive alternative to traditional bank and agency financing

Competitive rates, 30-45 day closing timelines and easy seasoning requirements.

Common sense underwriting

No tax returns or borrower income information required, up to 75% LTV with cashout, easy step down prepayment penalty options.

Funding for mixed use properties, including singles and portfolios

We fund residential properties with commercial units if the residential square footage is greater than 50% of the leasable area. You can combine multifamily term properties into portfolios with single property rentals and other multifamily properties.

FAQs

The Multifamily Loan Program is perfect for small balance residential properties with more than 5 units. The minimum loan amount is $500,000.
Depending on the needs, Roc Capital offers 30-year loans starting at 3.75%, 5,10,30 yr loan terms fixed-rate or 5/7/10-yr Hybrid ARMs.
It’s simple – Roc Capital is designed to make financing your projects easy and efficient. With loan terms on Multifamily investment projects having terms with easy step-down prepay option with mixed-use properties being eligible. Our loans are non-recourse!
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Loans for Professional Residential Real Estate Investors

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Our relationship managers will get your deals funded fast!

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