Multifamily Loans

Multifamily loans. Smarter.

Competitive rates on loans up to $5 million for multifamily/apartment buildings (5+ units) nationwide. Whether it’s a purchase, refinance, or cash-out, we’re proud to provide the tailored service and benefits you deserve.

Need help? Call a Multifamily Specialist: (855) 445-8534

Multifamily loans offered through PennyMac Commercial Real Estate Finance, a division of PennyMac Loan Services, LLC.

Why finance your multifamily loan with PennyMac?

  • Low interest rates — competitive nationwide
  • Up to 80% Loan-to-Value
  • Fixed-rate terms for up to 10 years
  • Non-recourse and assumable
The Details

Aside from competitive pricing and flexible term options, PennyMac customers benefit from a quicker, more efficient loan process and our dedication to deal flow transparency.

Loan Amounts
Up to $5 million nationwide
Loan Purpose
Purchase, Refinance, Cash-out Refi
Pricing
Competitive low rates
Property Types
Multifamily with 5+ Units
(No MHPs, Student, Senior, SRO or Assisted Living)
Target Prop. Location
Most markets nationwide
Loan Terms
Fixed-rate terms of 5, 7 or 10 years
Maximum Amortization
30 years
Interest Only Options
Part- and full-term options available
Maximum LTV
80%
Minimum DSCR
1.25
Assumable
Yes
Non-Recourse
Yes
Prepay
Flexible Options