DSCR-Based Qualifying. No Tax Returns. Competitive Rates. Close in 21 Days.

Multifamily real estate is one of the most powerful wealth-building vehicles in existence — steady cash flow, forced appreciation, and economies of scale that single-family investing simply can't match. But financing 5+ unit properties is where most investors hit a wall. Banks move slow, demand years of tax returns, and decline anything that doesn't fit their rigid box. Onyx Capital Lending is built differently. We've funded over $300 million in investor loans since 2016 — and multifamily is one of our core specialties.

What Is a Multifamily Loan?

A multifamily loan finances properties with 5 or more residential units — apartment buildings, large complexes, and mixed-income housing. Properties with 2–4 units typically fall under residential lending guidelines. At 5 units and above, the property is classified as commercial real estate, which is where Onyx Capital Lending operates.

We qualify your loan based on the income the property generates — not your personal tax returns.

Who Is This Loan For?

✅ Investors purchasing 5–100+ unit apartment buildings

✅ Owners refinancing existing multifamily for cash-out or rate improvement

✅ Value-add investors buying underperforming properties to renovate and stabilize

✅ Self-employed investors with complex or reduced taxable income

✅ First-time commercial investors stepping up from single-family

✅ Portfolio investors consolidating or expanding their holdings

✅ Foreign nationals investing in US multifamily real estate

✅ LLCs, corporations, and limited partnerships

Onyx Capital Lending Multifamily Loan Highlights

FeatureDetailsProperty Size5+ unitsLoan Amounts$500K – $20M+Loan TypesDSCR, Bridge, Value-AddLoan Terms5, 10, 25, 30-year optionsInterest-OnlyAvailableMinimum DSCR1.20 (property income covers debt + margin)LTVUp to 75%No Tax Returns✅ DSCR-based qualifyingNo W-2 or Pay Stubs✅ Never requiredLLCs & Entities✅ AcceptedForeign Nationals✅ WelcomeValue-Add✅ Bridge-to-perm availableAvailable In48 StatesClose InAs fast as 21 days

The Two Main Multifamily Loan Types We Offer

1. Multifamily DSCR Loan — Stabilized Properties
For properties already generating consistent rental income. We qualify based on the property's Debt Service Coverage Ratio — no personal income documentation required. Ideal for buy-and-hold investors building long-term wealth.

2. Multifamily Bridge Loan — Value-Add Properties
For properties that aren't yet stabilized — under-occupied, in need of renovation, or transitioning tenants. We fund the acquisition and renovation, then you refinance into a long-term DSCR loan once the property is stabilized. This is the classic value-add playbook.

Understanding DSCR for Multifamily

DSCR = Net Operating Income ÷ Annual Debt Service

For multifamily, we typically look for a DSCR of 1.20 or better — meaning the property generates 20% more income than needed to cover the mortgage. Here's a simple example:

Example PropertyGross Rental Income$15,000/monthVacancy & Expenses-$3,750/month (25%)Net Operating Income$11,250/monthMonthly Debt Service$8,500/monthDSCR1.32 ✅

At 1.32 DSCR, this property qualifies cleanly under our program — no tax returns, no W-2s, no employment verification needed.

The Value-Add Multifamily Strategy — How We Finance It

Many of the best multifamily deals aren't stabilized when you buy them. Low occupancy, deferred maintenance, or below-market rents create opportunity — but conventional lenders won't touch them.

Our bridge-to-perm approach works like this:

Step 1 — Bridge loan funds the purchase at current value
Step 2 — You renovate units, raise rents, increase occupancy
Step 3 — Property is now stabilized at higher income
Step 4 — Refinance into a 30-year DSCR loan based on new, higher value
Step 5 — Cash-out the equity you created. Repeat.

This is how serious multifamily investors build portfolios. We finance every step.

How We Underwrite Multifamily Deals

We look at:

Current rent roll — actual leases and income

Market rents — what the units could command at full market rate

Vacancy rate — current and area average

Expenses — taxes, insurance, management, maintenance

Net Operating Income (NOI) — the number everything flows from

Your exit strategy — hold, sell, refinance

We do NOT look at:

❌ Your personal tax returns

❌ W-2 income or employment history

❌ Personal debt-to-income ratio

Multifamily Loan FAQ

What's the minimum number of units?
5 units. Properties with 2–4 units are typically financed under residential guidelines. At 5+ units, it's commercial — that's our specialty.

Can I use projected rents on vacant units?
Yes — for value-add properties, we use a combination of actual income and market rent estimates from a licensed appraiser.

Can I hold the property in an LLC?
Absolutely — we lend to LLCs, limited partnerships, corporations, and trusts. Most experienced investors hold multifamily in entity structures.

Do you do cash-out refinances on multifamily?
Yes — cash-out refinance is one of the most powerful tools for multifamily investors. Pull equity from a stabilized property to fund the next acquisition.

What's the maximum loan amount?
We've funded deals over $20 million. Large multifamily and apartment complex financing is available — reach out with the deal details.

How long does it take to close?
Stabilized DSCR multifamily typically closes in 21–30 days. Value-add bridge loans can close faster — sometimes in 14 days.

Do you require personal guarantees?
We evaluate each deal individually. Some programs allow non-recourse or limited-recourse structures. Discuss with us during the pre-qualification process.

From Our Investors

"I bought a 12-unit at 65% occupancy — banks wouldn't touch it. Onyx bridged the deal, I renovated 6 units, raised rents, hit 92% occupancy, and refinanced into a DSCR loan 9 months later at a significantly higher value. Life-changing deal."
— David K., Boston MA

"Richard understood the multifamily game from the first conversation. No wasted time explaining why my tax returns don't reflect my actual financial position. Just focused on the deal."
— Sophia L., Hartford CT

Ready to Scale Your Multifamily Portfolio?

Whether you're buying your first 5-unit or refinancing a 50-unit complex — we have the product, the speed, and the expertise to get it done.