California income property capital
Multifamily, Mixed-Use & Portfolio Loans in California
Apartment buildings of 5+ units, mixed-use assets, ground-up construction, and portfolios of 5+ single-family rentals. Underwritten on the property's income, with leverage up to 75–80%.
We lend in all 50 states — headquartered in California
What we finance
Income property, from first building to full portfolio.
Multifamily 5+ Units
Apartment acquisition, refinance, and cash-out for buildings from 5 units up. Underwritten on the rent roll and building income — 5–10 year fixed permanent with full-term interest-only, amortized up to 30 years.
Mixed-Use & Commercial
Mixed-use, retail, office, and industrial. Up to 75% LTV / 80% LTC, minimum DSCR 1.20–1.25, with a 5–10 year fixed permanent (full-term interest-only available) or a 12–36 month bridge. Appraisal, PCA, and environmental reports required.
New Construction & Development
Ground-up multifamily and mixed-use development — up to 85% LTC / 65–70% of completed value. Experienced builder or GC required, interest reserve held back, draws funded in arrears.
Portfolio Loans (5+ SFRs)
Consolidate 5 or more single-family rentals under a single loan — one payment, one closing, and the flexibility to add properties as your portfolio grows.
Bridge to Permanent
Short-term acquisition capital for a value-add or lease-up play, then refinance into long-term debt at stabilization.
Multifamily Bridge / Value-Add (5+ Units)
Up to 75–80% LTC with a capex holdback, capped at 70% of stabilized value. 12–36 month interest-only; non-recourse available on stabilized deals.
Who qualifies
The building carries the loan.
- Property cash flow. Long-term programs typically want a debt-service coverage ratio of 1.20 or better — the building's income covers its debt with room to spare.
- Standard CRE documents. Rent roll, trailing 12-month operating statement, and an appraisal. No personal tax returns for most investment programs.
- 20–30% down conventional. Higher leverage considered on strong deals with proven cash flow.
- Sponsor strength. Experience preferred, and bridge/value-add programs typically want a net worth at or above the loan amount with 10%+ in liquid assets. First-time multifamily buyers are welcome on stronger deals.
- Borrow in an entity. LLCs, LPs, and trusts are the standard ownership structures for these loans.
How it works
From rent roll to funded.
- 1
Share the property
Address, unit count, rent roll, trailing operating statement, and your plan. We match it across CRE lenders.
- 2
Underwrite the building
Appraisal and property-level underwriting — coverage, lease terms, and sponsor experience.
- 3
Close and fund
Purchase and refinance typically close in 20–60 days; construction funds in draws as work completes.
Investor guides: Commercial Multifamily Loans Guide · Portfolio Loans for 5+ Rentals
Related investor capital
Hard Money, Bridge & DSCR
Fast asset-based capital and DSCR rental loans.
Learn morePrivate Money Lending
Individual and fund capital that underwrites the deal.
Learn moreCommercial Real Estate Financing
Long-term purchase, refinance, and construction capital.
Learn moreSBA Loans for Real Estate
Owner-occupied purchases with 10% down and terms to 25 years.
Learn moreMultifamily & portfolio FAQ
What counts as a commercial multifamily loan?
Five or more units is treated as commercial real estate and underwritten on the building's income. Properties with 1–4 units are usually financed as residential — DSCR or conventional loans — even when the buyer is an investor.
Can I finance several single-family rentals under one loan?
Yes. Portfolio loans blanket 5 or more single-family rentals into a single loan with one payment — no closing on each property separately. Portfolios can also be built to add properties over time.
How does new construction financing work?
Construction loans fund in draws against completed work, typically interest-only during the build, then convert or refinance into permanent financing at stabilization. Land acquisition can often be rolled into the same facility.
What is mixed-use financing?
Mixed-use buildings combine commercial space (retail, office, restaurant) with residential units. Lenders underwrite the combined rental income from both — often a strength, since the building has two income streams.
What do lenders look for on multifamily deals?
Property cash flow first — long-term programs typically want a debt-service coverage ratio around 1.20 or better. Then the rent roll and trailing operating statement, the sponsor's experience, and 20–30% down for conventional purchases.
What's the minimum loan size?
Most programs start around $250,000. Smaller buildings and first portfolios can sometimes be structured with residential-style products instead — we'll tell you which lane your deal fits.
Ready to scale your portfolio?
Send the rent roll. A California advisor reviews every property personally.
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