How To Get A Loan To Buy An Apartment Complex Review

Many lenders, especially "Agency" lenders like Fannie Mae and Freddie Mac, prefer borrowers with at least 2 years of multifamily management experience .

Lenders require the property's Net Operating Income (NOI) to exceed the annual debt service. Most expect a DSCR of 1.25x or higher . how to get a loan to buy an apartment complex

A minimum score of 660–680 is typically required to secure favorable terms. Many lenders, especially "Agency" lenders like Fannie Mae