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Multifamily 5+ unit financing.
Small-balance to institutional.

Source 5+ unit multifamily loans from pre-vetted direct lenders, including Fannie Mae DUS-approved and Freddie Mac SBL servicers. Bridge, value-add, agency term, construction. Loans from $500k to $500M+. Linked from both residential (where investors scale up) and commercial.

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Multifamily 5+ · Live

Direct lenders

18

Fannie DUS approved

6

Freddie SBL

5

Loan range

$500k–$500M+

Agency median

5.9%

Bridge median

8.4%

Three sub-segments

Where the lender pool changes.

Different deal sizes, different direct lenders. Speedy routes to the right pool automatically.

5–50 units

$500k–$10M

Small balance

Freddie Mac SBL, regional banks, credit unions, debt funds. Where 1–4 unit investors first graduate.

11 direct lenders

50–250 units

$10M–$50M

Mid balance

Fannie Mae DUS, life companies, regional debt funds, bridge specialists. Highest deal velocity.

8 direct lenders

250+ units

$50M–$500M+

Institutional

Fannie DUS lenders, agency-only specialists, large life co, CMBS conduits. Long-term agency term financing.

6 direct lenders

Products available

Multifamily product matrix.

Fannie DUS
Stabilized 50+ unit, $5M+
5/7/10/15 yr
5.6–6.4%
45–60 d
Freddie SBL
Stabilized 5–50 unit, $1M–$7.5M
5/7/10 yr
5.8–6.6%
45–60 d
Freddie Conv.
50+ unit, larger balances
5/7/10 yr
5.6–6.4%
60–75 d
Multifamily bridge
Pre-stabilization, value-add, recap
12–36 mo
8–10%
21–30 d
Construction
Ground-up new development
18–36 mo + perm
8.5–11%
30–45 d
Cash-out refi
Pull equity at stabilization
matches perm
6.0–7.0%
45–60 d
PACE (overlay)
Energy retrofit + bridge or perm
up to 30 yr
5.5–7.5%
60–90 d

Direct lender categories

Five lender pools. All direct.

Agency

Fannie DUS, Freddie SBL/Conv

Life co

Insurance balance sheet

Regional bank

Local relationship

Debt fund

Bridge + value-add

Private money

Speed, no-doc, asset-based

Adjacent

Where multifamily connects.

Residential 1–4 unit

Where most multifamily investors start. Then they scale into 5+.

Open

Commercial

Office, retail, industrial, hospitality. The other CRE asset classes.

Open

DSCR commercial

NOI-based underwriting. The dominant approach for stabilized multifamily.

Open

FAQ

Multifamily, answered.

Why does multifamily 5+ have its own page?
5+ unit multifamily is the deepest, most-searched commercial sub-asset class. Lender pool is distinct from 1-4 unit (agency, life co, regional banks) and the products differ significantly. Linked from both residential and commercial because residential investors graduate into 5+ unit deals.
What is Fannie Mae DUS and is it available?
Fannie Mae DUS (Delegated Underwriting and Servicing) is the GSE's program for multifamily loans, primarily $5M+ deals. Yes — direct DUS-approved lenders are on the platform with the ability to underwrite, close, and service Fannie multifamily loans.
What about small-balance multifamily under $5M?
Freddie Mac Small Balance Loan (SBL) program covers 5-50 unit deals from $1M to $7.5M. Direct SBL lenders pre-vetted on the platform. Plus regional bank, debt fund, and credit union options for sub-agency deals.
Is value-add and construction multifamily financing available?
Yes. Bridge-to-agency and bridge-to-perm structures from direct value-add lenders. Ground-up new development and mid-construction takeover from CRE construction lenders. Many can stack with PACE for energy retrofits.
What loan range is available for multifamily?
Multifamily loans range from $500k (small SBL) to $500M+ (institutional agency). Median deal size on the platform varies by sub-segment. Small balance: $1M-$10M. Mid balance: $10M-$50M. Institutional: $50M+.

Multifamily 5+ deals, sourced direct.

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Updated 2026-05-10