Apartment
Building Loans
Finance multifamily properties from $75K–$50MM. Acquisition and refinance loans with experienced portfolio lenders. Quick decisions, flexible terms.
- Acquisition loans for new multifamily purchases
- Refinance with strong cap rate or value-add upside
- Fast decisions — often under 3 weeks to approval
- Performance-based qualification
- Value-add and repositioning support
- Flexible prepayment terms
- Loan structures 30-year fixed term loans
For Experienced Operators
Multifamily loans are designed for investors with experience scaling portfolios and driving value through operations, renovations, or strategic acquisitions.
Simple Closing Process
Discuss Deal
Preliminary terms
Submit Package
Property & operator info
Appraisal & Analysis
Property review
Clear to Close
Final approval
Close & Fund
Access capital
Built for apartment investors, not the credit bureau
Qualify on the building
Approval is based on the property's net operating income and cash flow — not your personal tax returns or W-2s.
From a 500 FICO
Lower credit is welcome. First-time and scaling operators, too — we look at the deal, not just the score.
$75K to $50MM
From a small apartment building to a large multifamily asset or portfolio — up to 75% LTV.
Closes under 3 weeks
Minimal paperwork and fast underwriting. No balloon payments; 3, 8 & 30-year fixed terms.
40+ states, 25+ years
A commercial lender with real tenure — funding multifamily and apartment property across 40+ states.
A 500 FICO doesn't disqualify your apartment deal here
Most multifamily lenders require a 660–680 minimum and stop the conversation there. We don't. Because the loan is underwritten on the building's net operating income, we consider files from a 500 FICO — including operators who've been declined by banks and agency programs.
If the property cash-flows and the purpose is business, your credit score is one factor, not the gatekeeper. First-time and value-add apartment operators are welcome.
Subject to underwriting. Credit is one factor among property cash flow, NOI, LTV, and business purpose.
Financing across the multifamily spectrum
Acquisition and refinance for a broad mix of business-purpose apartment and multifamily property — garden-style, mid-rise, high-rise, and mixed-use. Owner-occupied commercial is eligible; primary residences are not.
Multifamily Assets We Finance
Ready to Explore Multifamily Financing?
Whether you're acquiring or refinancing your next multifamily deal, we have the expertise and capital to make it happen.
Not all investment-property loans are equal
| Feature | NCF Multi-Family Loan | Traditional / bank loan |
|---|---|---|
| Approval based on | Building's net operating income — no tax returns | Personal income & debt-to-income |
| Minimum credit | From a 500 FICO | Typically 660–680+ |
| Loan size | $75K – $50MM | Rigid bands, hard minimums |
| Speed to close | Under 3 weeks | Weeks to months |
| Paperwork | Minimal — no W-2s or tax returns | Extensive documentation |
| First-time operators | Welcome | Often restricted |
Understanding Multifamily Financing
What is Cap Rate?
Cap Rate (Capitalization Rate) measures the return on investment based on the property's net operating income divided by its purchase price. A 5% cap rate on a $5M property means $250K annual NOI.
Why Finance Multifamily?
Multifamily offers recession-resistant cash flow, operational scalability, and institutional investor demand. Strong NOI supports higher leverage and attractive refinance opportunities.
Key Multifamily Metrics
Higher risk, value-add opportunity markets
Core and core+ balanced risk-return
Strong secondary/tertiary market income
Lender's return on capital provided
Frequently Asked Questions
A 98% loan approval rating
Because we underwrite the apartment building rather than your personal income — and consider files from a 500 FICO — far more applications reach a "yes" than with conventional financing. Operators who come to NCF with a cash-flowing, business-purpose property get approved at a rate banks can’t match.
Fast review, minimal paperwork, and a real answer — often within minutes of your first submission.
98% loan approval rating reflects historical performance; subject to underwriting and not guaranteed.
Ready to Scale Your Multifamily Portfolio?
Talk to our multifamily lending specialists today. We understand your deal and can move quickly.
Confidential • Expert guidance • Fast response