Multifamily Equity Loan | 5+ Unit Apartment Building Loan | HardFunded
Multifamily Equity Loan · 5+ Units

The Multifamily
Equity Loan That
Reads the Asset.

Borrow against the equity in your 5+ unit apartment building or mid-size multifamily property. Approved on equity alone — no credit score, no FICO, no income docs, no tax returns. One qualification: 50% equity.

Unlock My Multifamily Equity See how it works ↓
Loan Range
$75K – $5M
Available Capital
Equity Required
50%
Minimum — purchase or refi
Credit Score
None
No minimum. No pull.
Income Docs
None
Never requested
Tax Returns
None
Personal or business — not required
Close Timeline
7–14 Days
Typical. Rush closings available.
For Purchases
50% Down Qualifies You

Acquiring a 5+ unit multifamily property? Put down 50% of the purchase price and you qualify from day one — no underwriting delays, no income review, no credit pull. Get a term sheet within 24 hours of your inquiry.

For Refinance & Cash-Out
50% Existing Equity Qualifies You

Own a multifamily property with 50% or more equity based on current market value? You qualify for a refinance or cash-out — regardless of your credit history, debt profile, income level, or tax filings.

What Is Never Requested
Absolutely Nothing Else

No FICO score. No W-2s. No tax returns — personal or business. No rent rolls for qualification. No occupancy thresholds. No NOI review. The property's equity is the qualification. Your financial history is irrelevant.

Why Investors Choose This

Conventional Multifamily
Lenders Are Built for
Nobody Like You.

Traditional multifamily financing requires global income analysis, NOI verification, DSCR calculations, rent roll reviews, and personal credit scores well above 680. That process works for institutional buyers with clean balance sheets — not for active operators, self-employed investors, or anyone with a complex financial profile.

HardFunded's multifamily equity loan eliminates every one of those barriers. 50% equity is the only criterion. We lend based on what the property is worth relative to what you owe — nothing more, nothing less.

Whether you're pulling cash out of a stabilized building, acquiring a new apartment complex, repositioning a vacant property, or simply need capital fast on a time-sensitive deal — if you hold 50% equity, you qualify.

50%
Equity is the sole financial requirement — no income, credit, or tax review
$5M
Maximum loan size — covers small to mid-size apartment buildings
14d
Typical days from inquiry to funded — no documentation delays
0
Tax returns, income docs, or credit checks required at any stage
Eligibility

One Number.
50% Equity.
That's It.

Every requirement stated in full — nothing hidden, nothing added later.

50% Equity or 50% Down Payment
For refinance or cash-out: your multifamily property must carry no more than 50% of its current appraised value in total liens. For a purchase: bring 50% of the purchase price as a down payment. This is the complete financial qualification — nothing else applies.
✓ Required
U.S. Multifamily Investment Property (5+ Units)
The property must be a 5+ unit multifamily residential property located in the United States. Small apartment buildings, mid-size apartment complexes, and garden-style developments are all eligible. The property does not need to be fully occupied or stabilized.
✓ Required
Credit Score / FICO
No credit minimum. No soft or hard pull at any point. Prior bankruptcies, foreclosures, commercial defaults, tax liens, and collections do not affect eligibility. Your FICO score is never reviewed or factored into the lending decision.
Not Required
Income Verification
No W-2s, paystubs, bank statements, or profit-and-loss statements. Self-employed, retired, and variable-income borrowers qualify identically to salaried ones. Your income level and employment status are never verified.
Not Required
Tax Returns — Personal or Business
Neither personal nor business tax returns are ever requested or reviewed. Your reported income, depreciation schedules, loss carry-forwards, and filing history are entirely irrelevant to this program.
Not Required
Rent Roll or Occupancy Verification
We do not require rent rolls, current leases, or minimum occupancy rates for qualification. Vacant or partially occupied multifamily properties are eligible as long as they meet the 50% equity requirement.
Not Required
DSCR or NOI Analysis
No debt service coverage ratio (DSCR) calculation. No net operating income (NOI) review. No cash flow analysis. We do not evaluate the property's income-producing performance — only its equity position.
Not Required
Property Types

Which Multifamily Properties Qualify?

Any 5+ unit multifamily residential property with 50% equity or a 50% down payment. Here's the full scope of eligible asset types.

🏢 Small Apartment Buildings 5 to 20 units, any configuration
🏗️ Mid-Size Multifamily 20 to 100+ unit complexes
🌿 Garden-Style Apartments Low-rise residential developments
🏘️ Value-Add Properties Repositioning or under-renovation
📦 Vacant / Unstabilized Not yet leased or between tenants
Why HardFunded

Lending That
Matches How
Operators Work.

Multifamily investors don't fit the profile conventional lenders expect. This loan is built around that reality.

01

Equity Is the Only Qualification

No income analysis. No credit review. No DSCR. No NOI thresholds. No rent roll requirements. If the property holds 50% equity, approval is based on the asset — not on your ability to pass a bank's financial profile test.

02

No Credit Pull — At Any Stage

Your credit file is never accessed. Borrowers with prior commercial defaults, multifamily foreclosures, personal bankruptcies, and unresolved collections are approved daily on the strength of their property's equity position alone.

03

Zero Documentation Requirement

No W-2s, paystubs, tax returns, bank statements, rent rolls, or financial statements. The documentation burden that turns a conventional multifamily loan into a 90-day process doesn't exist here.

04

Vacant Properties Are Eligible

A vacant or partially occupied multifamily building is fully eligible as long as it meets the 50% equity threshold. No minimum occupancy, no seasoning period, no stabilization requirement before you can access capital.

05

Close in Days, Not Months

Our asset-first underwriting removes every documentation bottleneck. From inquiry to funded typically takes 7–14 business days — a fraction of the time a conventional commercial multifamily loan would require.

06

Scaled for Real Multifamily Deals

With loans up to $5,000,000, HardFunded covers small apartment buildings and mid-size multifamily transactions with equal ease. One program, built to scale with your portfolio.

Loan Details

Amounts & Terms

Structured for multifamily operators — interest-only options, short terms, and flexibility built in from the start.

Parameter Specification Notes
Loan Amounts $75,000 – $5,000,000 Core Program
Equity Requirement 50% minimum — purchase or refinance Only financial qualification
Credit Score / FICO None — no minimum, no credit pull Never Pulled
Income Verification Not required Never Asked
W-2s / Paystubs Not required Never Asked
Tax Returns Not required — personal or business Never Asked
Rent Roll / Occupancy Not required for qualification Not Required
DSCR / NOI Analysis Not performed Not Required
Loan Term 12 months – 3 years Extensions available
Interest Structure Interest-only available Preserves NOI and operating cash flow
Eligible Properties 5+ unit U.S. multifamily — any occupancy Vacant properties eligible
Close Timeline 7–14 business days (typical) Rush Closings Available
The Process

Inquiry to Funded
in 7–14 Days.

No income review. No credit analysis. No documentation gathering. Our multifamily equity loan process moves as fast as the asset allows — not as slow as the paperwork demands.

1
Day 1

Submit Property Details

Share your multifamily property address, estimated value, current debt, and target loan amount. No documents required.

2
Day 1–2

Term Sheet Issued

We evaluate the asset's equity position and issue a preliminary term sheet within 24 hours — loan amount, rate, and structure.

3
Day 2–6

Commercial Appraisal

We order a commercial appraisal or BPO on the multifamily property to confirm current market value and verify the equity position.

4
Day 6–9

Asset Underwriting

Property-only review. No income analysis, no credit file review, no rent roll validation. Clean, fast, equity-based approval.

5
Day 7–14

Close & Fund

Execute closing documents, record the lien, and receive your capital. Immediately available for deployment.

Use Cases

How Multifamily Owners
Deploy This Capital

No restrictions on use of proceeds. Here is how HardFunded borrowers put multifamily equity loans to work across apartment investment strategies.

01

Apartment Building Acquisition

Purchase a 5+ unit multifamily property with 50% down — no pre-approval process, no income review, no credit qualification. Get a term sheet in 24 hours and close in days, not months.

02

Cash-Out Refinance

Pull equity from a stabilized apartment building to fund additional acquisitions, cover capital expenses, or deploy into other investment opportunities — without selling the asset or qualifying through a conventional lender.

03

Value-Add Renovation Capital

Finance unit upgrades, common area improvements, mechanical replacements, or a full-building repositioning that increases rents, NOI, and long-term asset value — funded by the equity already in the building.

04

Bridge to Permanent Financing

Cover the gap between acquisition and stabilization while the property seasons for conventional permanent financing, completes renovation, or reaches required occupancy levels for DSCR lending.

05

Refinance Maturing Debt

Replace a maturing bridge loan, hard money position, or balloon note with a structured equity loan — avoiding forced sales, penalty rates, or a rushed conventional refinance under time pressure.

06

Partnership & Investor Buyouts

Buy out a co-owner, general partner, or equity investor in a multifamily deal without refinancing the entire capital stack, selling the asset, or triggering a full conventional underwriting process.

FAQ

Questions
Multifamily
Owners Ask
Before Applying.

Direct answers — including a full explanation of the 50% requirement.

What is a multifamily equity loan and how does it work? +
A multifamily equity loan is a short-to-medium-term loan secured by the equity in a 5+ unit apartment building or multifamily property. At HardFunded, approval is based entirely on the property's equity position — not on your income, credit history, tax filings, or the property's current occupancy or cash flow. You bring 50% equity (for a refinance or cash-out) or a 50% down payment (for a purchase), and we fund the loan against that equity. Loan amounts range from $75,000 to $5,000,000 and closes typically happen within 7–14 business days.
How exactly does the 50% equity requirement work? +
The 50% requirement applies in two ways depending on your transaction. For a refinance or cash-out: your multifamily property must be worth at least twice the total of all existing liens against it. For example, if a 12-unit apartment building is appraised at $1,200,000, your total existing mortgage and lien balance must be $600,000 or less. For a purchase: you must bring a down payment equal to at least 50% of the purchase price or appraised value. In both cases, 50% equity is the complete financial qualification — no other income, credit, or financial criteria apply. The loan amount is then sized from the equity available above that 50% threshold.
Is there a minimum credit score for a multifamily equity loan? +
No. There is no credit score minimum, and we do not pull your credit at any stage — not during inquiry, underwriting, or closing. Borrowers with prior commercial mortgage defaults, multifamily foreclosures, personal bankruptcies, judgments, tax liens, or no established credit history are eligible as long as the 5+ unit multifamily property meets the 50% equity requirement. Your credit history has zero bearing on approval.
Why are no tax returns or income docs required for a multifamily loan? +
This is a pure asset-based loan — the multifamily property's equity is the collateral and the qualification. Conventional multifamily lenders require income documentation to verify DSCR, global income, and personal repayment capacity across long amortization schedules. Our loans are short-term and secured against the asset itself, which means your personal finances are not relevant to the lending decision. This is specifically why self-employed investors, full-time operators, overseas nationals, and anyone with complex or non-traditional income structures use this program.
Does the property need to be stabilized or occupied to qualify? +
No. We do not require minimum occupancy levels, current rent rolls, or property stabilization as a condition of eligibility. A vacant 5+ unit apartment building qualifies for a multifamily equity loan as long as it holds 50% equity based on current market value. This makes our program particularly useful for value-add properties mid-renovation, recently acquired buildings being leased up, and assets between major tenants.
Do you require DSCR or NOI analysis for approval? +
No. We do not calculate or require a debt service coverage ratio (DSCR) or review net operating income (NOI) at any point in the approval process. Unlike DSCR loans — which qualify based on the property's rental income relative to its debt obligations — this is a direct equity-based loan. The property's current equity position relative to its market value is the only criterion. Properties with low or no current NOI are fully eligible.
How is the loan amount calculated for a multifamily equity loan? +
The loan amount is determined by the equity available above the 50% threshold. Example: a 20-unit apartment building appraised at $2,000,000 with $500,000 in existing debt has $1,500,000 in equity — the 50% floor on a $2M property is $1,000,000, which means $500,000 of equity exists above the threshold. The loan is sized from that available equity position. A commercial appraisal or broker price opinion is ordered during underwriting to establish the property's current market value. For purchases, the loan is sized based on the acquisition price and the 50% down payment provided.
Can I use this loan to purchase a new multifamily property? +
Yes. For multifamily acquisitions, bring 50% of the purchase price or appraised value as a down payment and you qualify from the date of purchase — no seasoning requirement, no prior rental income history, no occupancy proof needed. This is particularly useful for off-market apartment acquisitions, auction purchases, 1031 exchange timelines, and any situation where a conventional multifamily pre-approval would be too slow to compete.
How fast can I actually close on a multifamily equity loan? +
Our standard close timeline for multifamily equity loans is 7–14 business days from inquiry to funded. The primary variable is commercial appraisal scheduling — timelines vary by market, property size, and appraiser availability. For borrowers with active multifamily deals — competitive acquisitions, expiring purchase contracts, partnership disputes requiring fast resolution — ask about rush close options when you submit your inquiry.
Get Started

50% Equity.
One Requirement.
Full Stop.

No credit check. No income documentation. No tax returns. No rent roll requirement. Tell us about your multifamily property and receive a term sheet within 24 hours.

Complete Qualification Checklist
  • ✓ 50% equity in a U.S. 5+ unit multifamily property
  • ✓ OR 50% down payment for a new acquisition
  • ✕ No credit score or FICO minimum
  • ✕ No income verification or W-2s
  • ✕ No personal tax returns
  • ✕ No business tax returns
  • ✕ No rent roll or occupancy requirement
  • ✕ No DSCR or NOI analysis
  • ✓ Loans from $75,000 to $5,000,000
  • ✓ Close in 7–14 business days
  • ✓ Vacant properties eligible
Apply Now — No Credit Pull
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