Small apartment buildings -- typically 5 to 20 units -- occupy a sweet spot in multifamily investing. They generate meaningful cash flow, are manageable for individual investors, and qualify for streamlined financing programs that bypass the extensive documentation requirements of larger commercial loans.
Stated Income
Declare your income without submitting tax returns or extensive personal financial documentation.
Streamlined Process
Fewer documentation hurdles mean faster underwriting and quicker closings on your apartment deal.
Small Building Focus
Programs designed specifically for 5-20 unit properties that fall between residential and large commercial.
Property-Based Approval
The building's rent roll and operating income drive the approval, not your personal tax picture.
Stated Income Financing for Small Apartment Buildings
Small apartment buildings represent some of the best risk-adjusted returns in multifamily investing. They cost less to acquire than large complexes, are easier to manage, and face less competition from institutional buyers. With stated income financing, you can purchase or refinance a small apartment building without providing tax returns, W-2s, or employment verification.
Our streamlined apartment building loan program is designed specifically for small balance multifamily properties, offering competitive rates, minimal documentation, and fast closings that give investors an edge in competitive markets.
Why Small Balance Apartment Buildings Are a Smart Investment
What makes small apartment buildings attractive to investors? After years of large institutional funds chasing single-family portfolios and Class A commercial properties in prime markets, smaller multifamily buildings offer some of the most attractive opportunities for yield and growth.
Small apartment buildings (typically 5-50 units) occupy a sweet spot in the market:
- Less institutional competition -- Large funds rarely pursue buildings below $5M, leaving better pricing for individual investors
- Higher cap rates -- Smaller buildings in secondary markets often deliver cap rates 100-200 basis points above institutional-grade properties
- Manageable scale -- Enough units to generate meaningful cash flow without the operational complexity of a 200-unit complex
- Value-add potential -- Smaller buildings are more likely to be under-managed, creating upside through improved operations and targeted renovations
- Portfolio building blocks -- Each small building adds diversification and income to your portfolio
Historically, it has been difficult for investors to find financing for small balance apartment buildings. Many lenders preferred to deploy capital into larger deals where the effort-to-return ratio was more favorable. Our program changes that by offering institutional-quality terms on smaller loans nationwide.
Stated Income Apartment Building Loan Features
Can you get an apartment building loan without tax returns? Yes. Our stated income program eliminates the documentation burden that makes traditional apartment building financing slow and frustrating. Here is what we offer:
- 30-year amortization payments
- No tax returns required
- Minimal paperwork
- Competitive interest rates
- Full recourse with LLC entity lending
- Low credit score thresholds (starting at 650)
- Loan amounts from $750,000 to $8,000,000
- Up to 80% LTV
Get Streamlined Financing for Your Small Apartment Building
No tax returns. No W-2s. Loan amounts from $750K to $8M with up to 80% LTV and 30-year amortization. Our stated income program closes faster than conventional financing.
Stated income financing removes the paperwork barrier that slows down small apartment acquisitions
Eligible Property Types for Small Apartment Building Financing
Our program covers property types that are traditionally harder to finance through conventional channels. What types of small apartment buildings qualify for stated income loans?
- Standard multifamily -- Traditional apartment buildings with 5+ residential units
- Mixed-use properties -- Buildings with commercial and residential units (must be greater than 60% residential)
- Senior housing -- Age-restricted communities and independent living facilities
- Military housing -- Properties near military installations (not more than 50% military tenant concentration)
- Student housing -- Properties serving college and university populations
- Properties with historic tax credits (HTC) -- Buildings utilizing historic preservation incentives
We also finance in smaller markets outside major metro centers. This enables investors to capitalize on emerging markets where yields and equity growth potential often exceed what is available in saturated primary markets.
How Investors Use Small Apartment Building Loans
Our stated income program supports multiple investment strategies:
- New acquisitions -- Purchase small apartment buildings using property income for qualification, even if the seller's documentation is incomplete
- Cash-out refinancing -- Extract equity from buildings that have appreciated or been improved to fund your next acquisition
- Repositioning -- Finance buildings that are not yet stabilized, including properties undergoing renovation or lease-up
- Hard money exit -- Refinance from high-interest short-term loans into competitive permanent financing
Get a Quote on Your Next Apartment Building Loan
Our common-sense underwriting approach makes apartment building financing accessible to investors who have been underserved by traditional lenders. Whether you are a current apartment building owner looking to refinance or an investor making a new acquisition, our stated income loan program offers the speed and flexibility you need.
Call (888) 375-7977 to speak with an apartment building loan specialist, or apply online to get started. If you are selling a multifamily property, let your real estate agent and buyers know about our programs to ensure a fast and smooth closing.