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5–25 UNIT MULTIFAMILY RANKINGS
Top 10 Small Multifamily (5–25 Unit) Commercial DSCR & Bridge Lenders
Bottom-Line Underwriting Answer (BLUF)
Properties with 5 to 25 residential units fall above residential 1–4 unit Fannie/Freddie caps but below $5M+ institutional agency balance minimums. These 10 commercial DSCR and bridge lenders underwrite 5–25 unit apartment buildings off T-12 Net Operating Income (NOI ÷ Debt Service >= 1.15x–1.20x) with zero personal tax returns.
Methodology & Redaction Notice: Selected from lenders supporting 5+ unit commercial residential and mixed-use apartment assets. Wholesale conduit names are anonymized on direct origination portals; submit your scenario below to lock the #1 matching shelf.
| Rank | Wholesale Capital Shelf | Max Purchase LTV | Max Cash-Out LTV | Min DSCR | STR / AirDNA | Active States | Action |
|---|---|---|---|---|---|---|---|
| #1 | Institutional Capital Shelf #1 (Non-QM Conduit) Non-QM & DSCR Wholesale / Investor Lender · Chandler, AZ | 80% | 75% | No-Ratio (0.00x / <1.00x) | Allowed (AirDNA / T-12) | 45 States | Match Shelf → |
| #2 | Institutional Capital Shelf #2 (Bank Conduit) Bank / Credit Union / Depository · New York, NY | 75% | 70% | 1.0x | LTR & Mid-Term | 51 States | Match Shelf → |
| #3 | Institutional Capital Shelf #3 (Non-QM Conduit) Non-QM & DSCR Wholesale / Investor Lender · Gilbert, AZ | 80% | 75% | No-Ratio (0.00x / <1.00x) | Allowed (AirDNA / T-12) | 36 States | Match Shelf → |
| #4 | Institutional Capital Shelf #4 (Non-QM Conduit) Non-QM & DSCR Wholesale / Investor Lender · Lake Forest, CA | 85% | 75% | 0.75x | Allowed (AirDNA / T-12) | 51 States | Match Shelf → |
| #5 | Institutional Capital Shelf #5 (Non-QM Conduit) Non-QM & DSCR Wholesale / Investor Lender · Hauppauge, NY | 80% | 75% | No-Ratio (0.00x / <1.00x) | Allowed (AirDNA / T-12) | 49 States | Match Shelf → |
| #6 | Institutional Capital Shelf #6 (Non-QM Conduit) Non-QM & DSCR Wholesale / Investor Lender · Charlotte, NC | 80% | 75% | No-Ratio (0.00x / <1.00x) | Allowed (AirDNA / T-12) | 46 States | Match Shelf → |
| #7 | Institutional Capital Shelf #7 (Non-QM Conduit) Non-QM & DSCR Wholesale / Investor Lender · Santa Ana, CA | 80% | 75% | No-Ratio (0.00x / <1.00x) | Allowed (AirDNA / T-12) | 42 States | Match Shelf → |
| #8 | Institutional Capital Shelf #8 (Non-QM Conduit) Non-QM & DSCR Wholesale / Investor Lender · Austin, TX | 80% | 75% | No-Ratio (0.00x / <1.00x) | Allowed (AirDNA / T-12) | 51 States | Match Shelf → |
| #9 | Institutional Capital Shelf #9 (Non-QM Conduit) Non-QM & DSCR Wholesale / Investor Lender · National Desk | 80% | 75% | No-Ratio (0.00x / <1.00x) | Allowed (AirDNA / T-12) | 48 States | Match Shelf → |
| #10 | Institutional Capital Shelf #10 (Non-QM Conduit) Non-QM & DSCR Wholesale / Investor Lender · Miami Beach, FL | 80% | 75% | No-Ratio (0.00x / <1.00x) | Allowed (AirDNA / T-12) | 46 States | Match Shelf → |
Have a Competing Term Sheet? Kick It Against All 2,404 Lenders
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