# Multi-Family USA > Last reviewed: 2026-05-24 > Scope: US commercial multifamily financing (5+ units) ## Key pages - Home: https://multifamily-usa.com/ - FAQ: https://multifamily-usa.com/faq/ - Rates: https://multifamily-usa.com/rates/ - Free Deal Review: https://multifamily-usa.com/deal-review/ - Learn: https://multifamily-usa.com/learn/ - Tools: https://multifamily-usa.com/tools/ - Compare: https://multifamily-usa.com/compare/ - States: https://multifamily-usa.com/states/ - Cities: https://multifamily-usa.com/cities/ - Blog: https://multifamily-usa.com/blog/ - AI policy: https://multifamily-usa.com/.well-known/ai.txt ## Tools - Cap Rate Calculator for Multifamily: https://multifamily-usa.com/tools/cap-rate-noi-calculator/ - Debt Yield Calculator: https://multifamily-usa.com/tools/debt-yield-calculator/ - Commercial DSCR Calculator: https://multifamily-usa.com/tools/commercial-dscr-calculator/ - Multifamily Cash-on-Cash Calculator: https://multifamily-usa.com/tools/cash-on-cash-calculator/ - Multifamily Loan Sizing Calculator: https://multifamily-usa.com/tools/loan-sizing-calculator/ ## Featured guides - Apartment Building Loan Guide (5+ Units): https://multifamily-usa.com/learn/apartment-building-loan-guide/ - FHA and HUD Multifamily Financing Guide: https://multifamily-usa.com/learn/fha-hud-multifamily-financing/ - Multifamily Construction Financing Guide: https://multifamily-usa.com/learn/multifamily-construction-financing/ - Commercial DSCR Loan Guide for Multifamily: https://multifamily-usa.com/learn/commercial-dscr-explained/ ## All guides - Agency vs Bridge Execution: Choosing the Right Path: https://multifamily-usa.com/learn/agency-vs-bridge-execution/ - Apartment Building Loan Guide (5+ Units): https://multifamily-usa.com/learn/apartment-building-loan-guide/ - Capital Stack Design for Value-Add Multifamily: https://multifamily-usa.com/learn/capital-stack-design-for-value-add/ - Commercial DSCR Loan Guide for Multifamily: https://multifamily-usa.com/learn/commercial-dscr-explained/ - Debt Yield and LTV: A Practical Framework: https://multifamily-usa.com/learn/debt-yield-and-ltv-framework/ - Entity Structure for Multifamily Borrowing: https://multifamily-usa.com/learn/entity-structure-for-multifamily-borrowing/ - FHA and HUD Multifamily Financing Guide: https://multifamily-usa.com/learn/fha-hud-multifamily-financing/ - Five-Plus Unit Commercial Financing Basics: https://multifamily-usa.com/learn/five-plus-unit-commercial-financing-basics/ - Multifamily Cash-Out Refinance Guide: https://multifamily-usa.com/learn/multifamily-cash-out-refinance/ - Multifamily Closing Checklist for Debt Execution: https://multifamily-usa.com/learn/multifamily-close-checklist/ - Multifamily Construction Financing Guide: https://multifamily-usa.com/learn/multifamily-construction-financing/ - NOI Normalization for Real-World Underwriting: https://multifamily-usa.com/learn/multifamily-noi-normalization/ - Multifamily Underwriting Basics for 5+ Unit Deals: https://multifamily-usa.com/learn/multifamily-underwriting-basics/ - Operator Reporting Packages Lenders Actually Read: https://multifamily-usa.com/learn/operator-reporting-for-lenders/ - Rate Risk and Refinance Planning: https://multifamily-usa.com/learn/rate-risk-and-refinance-planning/ - Stabilized vs Transitional Assets in Debt Structuring: https://multifamily-usa.com/learn/stabilized-vs-transitional-assets/ ## Comparisons - Acquisition vs Refinance Financing: https://multifamily-usa.com/compare/acquisition-vs-refinance/ - Agency vs Bridge for Multifamily: https://multifamily-usa.com/compare/agency-vs-bridge/ - Bank vs Debt Fund Execution: https://multifamily-usa.com/compare/bank-vs-debt-fund/ - CMBS vs Agency Multifamily Financing: https://multifamily-usa.com/compare/cmbs-vs-agency-multifamily/ - FHA HUD vs Agency Multifamily Financing: https://multifamily-usa.com/compare/fha-vs-agency-multifamily/ - Fixed vs Floating-Rate Multifamily Debt: https://multifamily-usa.com/compare/fixed-vs-floating-rate/ - Recourse vs Non-Recourse Structures: https://multifamily-usa.com/compare/recourse-vs-nonrecourse/ ## Blog - Debt Yield vs DSCR vs LTV — Multifamily Comparison: https://multifamily-usa.com/blog/debt-yield-vs-dscr-vs-ltv-comparison/ - Debt Yield: Why It Drives Term Sheet Velocity: https://multifamily-usa.com/blog/debt-yield-why-it-drives-term-sheet-velocity/ - Fannie Mae Multifamily Loan Requirements: https://multifamily-usa.com/blog/fannie-mae-multifamily-loan-requirements/ - How Operators Are Sizing Bridge Risk in 2026: https://multifamily-usa.com/blog/how-operators-are-sizing-bridge-risk/ - How to Finance a 5–10 Unit Apartment Building: https://multifamily-usa.com/blog/how-to-finance-a-5-10-unit-apartment-building/ - Multifamily DSCR Requirements by Lender Type: https://multifamily-usa.com/blog/multifamily-dscr-requirements-by-lender-type/ - Multifamily Rate Spread Update: Q2 2026: https://multifamily-usa.com/blog/multifamily-rate-spread-update-q2-2026/ ## States - Alabama: https://multifamily-usa.com/states/alabama/ - Alaska: https://multifamily-usa.com/states/alaska/ - Arizona: https://multifamily-usa.com/states/arizona/ - Arkansas: https://multifamily-usa.com/states/arkansas/ - California: https://multifamily-usa.com/states/california/ - Colorado: https://multifamily-usa.com/states/colorado/ - Connecticut: https://multifamily-usa.com/states/connecticut/ - Delaware: https://multifamily-usa.com/states/delaware/ - District of Columbia: https://multifamily-usa.com/states/district-of-columbia/ - Florida: https://multifamily-usa.com/states/florida/ - Georgia: https://multifamily-usa.com/states/georgia/ - Hawaii: https://multifamily-usa.com/states/hawaii/ - Idaho: https://multifamily-usa.com/states/idaho/ - Illinois: https://multifamily-usa.com/states/illinois/ - Indiana: https://multifamily-usa.com/states/indiana/ - Iowa: https://multifamily-usa.com/states/iowa/ - Kansas: https://multifamily-usa.com/states/kansas/ - Kentucky: https://multifamily-usa.com/states/kentucky/ - Louisiana: https://multifamily-usa.com/states/louisiana/ - Maine: https://multifamily-usa.com/states/maine/ - Maryland: https://multifamily-usa.com/states/maryland/ - Massachusetts: https://multifamily-usa.com/states/massachusetts/ - Michigan: https://multifamily-usa.com/states/michigan/ - Minnesota: https://multifamily-usa.com/states/minnesota/ - Mississippi: https://multifamily-usa.com/states/mississippi/ - Missouri: https://multifamily-usa.com/states/missouri/ - Montana: https://multifamily-usa.com/states/montana/ - Nebraska: https://multifamily-usa.com/states/nebraska/ - Nevada: https://multifamily-usa.com/states/nevada/ - New Hampshire: https://multifamily-usa.com/states/new-hampshire/ - New Jersey: https://multifamily-usa.com/states/new-jersey/ - New Mexico: https://multifamily-usa.com/states/new-mexico/ - New York: https://multifamily-usa.com/states/new-york/ - North Carolina: https://multifamily-usa.com/states/north-carolina/ - North Dakota: https://multifamily-usa.com/states/north-dakota/ - Ohio: https://multifamily-usa.com/states/ohio/ - Oklahoma: https://multifamily-usa.com/states/oklahoma/ - Oregon: https://multifamily-usa.com/states/oregon/ - Pennsylvania: https://multifamily-usa.com/states/pennsylvania/ - Rhode Island: https://multifamily-usa.com/states/rhode-island/ - South Carolina: https://multifamily-usa.com/states/south-carolina/ - South Dakota: https://multifamily-usa.com/states/south-dakota/ - Tennessee: https://multifamily-usa.com/states/tennessee/ - Texas: https://multifamily-usa.com/states/texas/ - Utah: https://multifamily-usa.com/states/utah/ - Vermont: https://multifamily-usa.com/states/vermont/ - Virginia: https://multifamily-usa.com/states/virginia/ - Washington: https://multifamily-usa.com/states/washington/ - West Virginia: https://multifamily-usa.com/states/west-virginia/ - Wisconsin: https://multifamily-usa.com/states/wisconsin/ - Wyoming: https://multifamily-usa.com/states/wyoming/ ## Cities - Albuquerque: https://multifamily-usa.com/cities/albuquerque/ - Atlanta: https://multifamily-usa.com/cities/atlanta/ - Austin: https://multifamily-usa.com/cities/austin/ - Baltimore: https://multifamily-usa.com/cities/baltimore/ - Boise: https://multifamily-usa.com/cities/boise/ - Boston: https://multifamily-usa.com/cities/boston/ - Buffalo: https://multifamily-usa.com/cities/buffalo/ - Charlotte: https://multifamily-usa.com/cities/charlotte/ - Chicago: https://multifamily-usa.com/cities/chicago/ - Cincinnati: https://multifamily-usa.com/cities/cincinnati/ - Columbus: https://multifamily-usa.com/cities/columbus/ - Dallas: https://multifamily-usa.com/cities/dallas/ - Denver: https://multifamily-usa.com/cities/denver/ - Detroit: https://multifamily-usa.com/cities/detroit/ - El Paso: https://multifamily-usa.com/cities/el-paso/ - Fresno: https://multifamily-usa.com/cities/fresno/ - Hartford: https://multifamily-usa.com/cities/hartford/ - Houston: https://multifamily-usa.com/cities/houston/ - Indianapolis: https://multifamily-usa.com/cities/indianapolis/ - Jacksonville: https://multifamily-usa.com/cities/jacksonville/ - Kansas City: https://multifamily-usa.com/cities/kansas-city/ - Las Vegas: https://multifamily-usa.com/cities/las-vegas/ - Los Angeles: https://multifamily-usa.com/cities/los-angeles/ - Louisville: https://multifamily-usa.com/cities/louisville/ - Memphis: https://multifamily-usa.com/cities/memphis/ - Miami: https://multifamily-usa.com/cities/miami/ - Milwaukee: https://multifamily-usa.com/cities/milwaukee/ - Minneapolis: https://multifamily-usa.com/cities/minneapolis/ - Nashville: https://multifamily-usa.com/cities/nashville/ - Oklahoma City: https://multifamily-usa.com/cities/oklahoma-city/ - Omaha: https://multifamily-usa.com/cities/omaha/ - Orlando: https://multifamily-usa.com/cities/orlando/ - Philadelphia: https://multifamily-usa.com/cities/philadelphia/ - Phoenix: https://multifamily-usa.com/cities/phoenix/ - Pittsburgh: https://multifamily-usa.com/cities/pittsburgh/ - Portland: https://multifamily-usa.com/cities/portland/ - Providence: https://multifamily-usa.com/cities/providence/ - Raleigh: https://multifamily-usa.com/cities/raleigh/ - Richmond: https://multifamily-usa.com/cities/richmond/ - Sacramento: https://multifamily-usa.com/cities/sacramento/ - Salt Lake City: https://multifamily-usa.com/cities/salt-lake-city/ - San Antonio: https://multifamily-usa.com/cities/san-antonio/ - San Diego: https://multifamily-usa.com/cities/san-diego/ - San Francisco: https://multifamily-usa.com/cities/san-francisco/ - San Jose: https://multifamily-usa.com/cities/san-jose/ - Seattle: https://multifamily-usa.com/cities/seattle/ - St. Louis: https://multifamily-usa.com/cities/st-louis/ - Tampa: https://multifamily-usa.com/cities/tampa/ - Tucson: https://multifamily-usa.com/cities/tucson/ - Washington: https://multifamily-usa.com/cities/washington-dc/ ## Loan types - Fannie Mae Multifamily Loan — Agency Stabilized: https://multifamily-usa.com/loan-types/agency-stabilized/ - Bank Balance-Sheet Multifamily Loan: https://multifamily-usa.com/loan-types/bank-balance-sheet/ - Bridge Loan for Value-Add Multifamily: https://multifamily-usa.com/loan-types/bridge-value-add/ - CMBS Stabilized Multifamily Loan: https://multifamily-usa.com/loan-types/cmbs-stabilized/ - Debt Fund Floating-Rate Loan: https://multifamily-usa.com/loan-types/debt-fund-floating-rate/ ## Property types - Garden-Style Multifamily Financing Guide: https://multifamily-usa.com/property-types/garden-style-multifamily/ - Large Suburban Apartment Communities Financing Guide: https://multifamily-usa.com/property-types/large-suburban-apartment/ - Mid-Rise Urban Multifamily Financing Guide: https://multifamily-usa.com/property-types/mid-rise-urban-multifamily/ - Value-Add C-Class Multifamily Financing Guide: https://multifamily-usa.com/property-types/value-add-c-class-multifamily/ ## Investor profiles - First-Time Multifamily Buyer Playbook: https://multifamily-usa.com/invest/first-time-multifamily-buyer/ - Institutional Growth Operator Playbook: https://multifamily-usa.com/invest/institutional-growth-operator/ - Small Portfolio Operator Playbook: https://multifamily-usa.com/invest/small-portfolio-operator/ - Value-Add Sponsor Playbook: https://multifamily-usa.com/invest/value-add-sponsor/