Multi-Family Loan Program

At IGR Mortgage Services we provide long-term Multi-Family Loans for investors purchasing or refinancing apartments (5-100 units+) or mixed use properties. With a wide range of loan programs, these loans are an appealing option for long-term investors intent on increasing their real estate portfolio for appreciation and wealth.

Call 888-732-9480

Multi-Family Loans Overview

Real estate investors focused on “buy and hold” ownership of apartments and mixed-use properties can benefit from our Multi-Family Loan Program. Our programs do not require the voluminous amount of documentation required by institutional apartment lenders. We offer stated income and No-Doc underwriting options meaning proof of income and tax returns are not required to qualify. This also means our Multi-Family loans can close faster than institutional loans. With flexible terms including 5/1 & 7/1 ARMS and 30 year amortizations, we have very appealing options for investors looking to build their portfolios of multi-family properties.  In addition to Private Money Lenders IGR Mortgage offers Fannie Mae Apartment Loans which are the most affordable apartment loans available in the U.S. for loan amounts of $750K – $5.0M plus.

Multi-Family Loan Program Features:

Multi-Family (5-100+ Units) and Mixed Use properties. 

  • Loan Amounts from $100K to $10M+
  • Loan-To-Value Ratios to 80%
  • DSCR underwriting
  • Loan Programs 5/1 & 7/1 ARMS; 30 Year Fixed
  • Interest Only Options
  • Purchase, Refinance & Cash-Out
  • 620 + Credit Score
  • Stated Income/No Doc Programs
  • No Tax Returns Required
  • Investor No Ratio Program
  • Portfolio Loans Available For 5+ Properties
  • Loan to Individuals or Entities

Fannie Mae Apartment Loans

The Fannie Mae Multifamily Loan Program is one of the most used loan program for multi-family property owners across the country because of its low rate of interest, range of loan options, high loan-to-values, and non-recourse warranty structure. With both fixed and variable rate alternatives offered, it is an appealing alternative for the most common multifamily property types, including affordable housing, independent senior living, student real estate, co-op type properties and conventional market rate apartments. It can also be utilized for mixed-use buildings where the income from commercial tenants is no more than 20% of the total gross income. IGR Mortgage Services specializes in the Fannie Mae Multifamily Small Mortgage Program for stabilized projects between 5 to 50 units and loan amounts between $750K to $5.0M.

IGR Mortgage Commercial Loans

Quick Summary

Loans Overview:

  • Loan Amounts From $750K – No Max
  • LVR to 80% (75% Cash Out)
  • 5 Year to 30 Year Fixed Rates
  • 30 Year Amortizations
  • Interest Only Options
  • Assumable With 1.0% Fee
  • Non-recourse Loans Available
  • Yield Maintenance Pre-payment Penalty
  • Senior Living and Student Housing Programs
  • $10,000 Application Deposit For Appraisal, Environmental Reports, Background & Credit Reports and Processing Fees

Other Information

Qualification Guidelines:

  • 680 Minimum Credit Score
  • Minimum Net Worth Equal to Loan Amount
  • 1.25 Minimum DSCR
  • 35% Commercial Space Allowed
  • No Tax Returns Required
  • Borrower Must Have Apartment Experience
  • 9 to 12 Months Payments Liquidity Required
  • At Least 90% Occupancy For 90 Days Before Funding
  • Location: Primary or Secondary MSAs (200K Populations). Tertiary Markets Considered.

Fannie Mae rates updated August 23, 2023.

Why You Should Use A Long Term Multi-Family Loan


IGR Mortgage Services provides Multi-Family Loans with private money which are an excellant option for real estate investors looking at larger investments than single-family homes. Apartments and mixed use properties are desirable to serious investors because a stabilized project delivers dependable cash flow and predictable management.


With the price of housing rising rapidly in many U.S. markets many individulas and families are priced out of the market and decide to rent. This will put upward pressure on rents in addition to a stabilizing economy coming out of the pandemic (2021). Our Multi-Family Loans enable investors to take advantage of these market dynamics and build wealth through long term real estate investing.


Alternative Income Documentation: Especially for self-employed borrowers that often have a difficult time documenting income. With flexible programs including Stated Income and No Doc qualifying self-employed borrowers can obtain financing that otherwise would be unavailable.


Rapid Funding: With a Multi-Family Loan provided by IGR Morgage Services, borrowers can close transactions in half the time it would take with institutionl lenders. This is due to our flexible guidelines, less documentation and stream-lined loan process.


Better Than Hard Money: In the past real estate investors would need to turn to a hard money loan if they were unable to qualify for an institutional loan. With our Multi-Family Loans investors enjoy big savings in fees and rates over the term of the loan compared to hard money.


Avoid Waiting Period Requirements: Institutional lenders have waiting period requirements for borrowers coming out of bankruptcy, foreclosure, short sales or deed in lieu of foreclosure. Borrowers can qualify for Rental Property Loans one day after these events.

Eligible Properties For Multi-Family Loans

Multi-Family 5 to 100 Units

Multi-family is housing where multiple units (5+) for residential use are in one or more buildings within a community or complex. We provides funds to investors to purchase or refinance with loans amounts of $100K or more.


Mixed Use

Mixed-Use is a project that blends residential and commercial uses into one integrated complex or building. Common loan scenarios are purchase, refinance, bridge to stabilization, bridge to sale, or bridge to construction take-out.


If you have a question about a Multi-Family Loan on apartments or mixed-use properties, give us a call to discuss your situation. One ten-minute call may just be the ticket to a fast solution to meet your financing needs!



IGR Mortgage Services has been providing investors with hard money loan options for over 30 years. We offer Fast & Affordable financing. for investors of every experience level. Call today to or send us your loan scenario to review!

Call 888-732-9480

Call Now!