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.

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

Get a REAL Rate Estimate Within Minutes

  • All online – no need to speak with a Loan Officer.
  • No credit report, social security number, or financial statments required.

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

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The loan balance must be between $1,000,000 and $5,000,000.

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 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