Multifamily
Explore MHV multifamily lending solutions for purchasing, refinancing, or improving apartment buildings and other multifamily properties.
Multi-family loans for the buildings the Hudson Valley lives in.
From a six-unit in Midtown Kingston to a garden complex in the Town of Newburgh, we finance the housing this region actually needs. The rent roll tells the story; we know how to read it.
How it works
Purchase or Refinance
Purchase, rate-and-term refinance, and cash-out refinance on stabilized multi-family property.
Underwritten on the property's income
Net operating income against the proposed payment (debt service coverage), plus appraised value (loan-to-value). Owner experience and liquidity matter too.
Structures matched to your hold period
Fixed for a set term with a reset or maturity, amortized over [FPO: years]. [FPO-VERIFY: structures offered; balloon vs. fully amortizing; prepayment terms]
Cash-out proceeds
Cash-out proceeds can fund improvements, unit turns, or the down payment on your next building.
Third-party reports
Appraisal, and typically an environmental review. [FPO-VERIFY]
Local decision
Local decision from MHV's commercial lending team.
Investors who plan to hold, not flip.
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First-time investors stepping up from a two-family to a real apartment building
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Established local owners refinancing off a maturing balloon or a rate that no longer makes sense
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Owners improving units to meet demand, with cash-out to fund the work
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Buyers of mixed-use buildings where apartments carry the income and a storefront rounds it out
Building new units instead of buying existing? See Construction to Residential .
Your business lending experts
Send us the rent roll.
A commercial lender will tell you quickly whether the numbers work and how we'd structure it.
Frequently Asked Questions
Multifamily properties usually have 1-4 units. Tell us what you're looking to do, and a commercial lender will walk you through your options.
Lenders want the property's net income to cover the loan payment with a cushion- a ratio comfortably above 1.25x is generally sought. We'll run your rent roll against the proposed loan before you spend on an appraisal.
Many of our members grow one building at a time this way.
Talk to your lender about your property.
All loans subject to credit approval, satisfactory appraisal, and membership eligibility. Rates, terms, and conditions subject to change without notice. Personal guarantee required. Property and, where applicable, flood insurance required. Borrower responsible for third-party report, title, and legal costs.