Multi-Family USA

Learn View all

Open the guide
How 5+ unit sponsors size agency, bridge, and bank debt — then request a lender-fit review.

Fundamentals
Learning center 5+ unit basics Apartment building loans Commercial DSCR

Underwriting
Underwriting basics NOI normalization Debt yield and LTV Close checklist

Reference
FAQ Glossary Blog

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Tools View all

Open calculator
Model NOI and cap rate from rent, vacancy, and expenses — then size debt.

Underwriting
Cap rate & NOI Debt yield Commercial DSCR Cash-on-cash

Sizing
Loan sizing Portfolio analyzer Closing costs BRRRR

Rates Guide FAQ Contact
Markets View all

Browse states
Statewide underwriting context for 5+ unit apartments — then drill into cities.

Coverage
States Cities Rates

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Compare View all

Compare paths
When GSE execution wins vs transitional bridge — proceeds, rate, and flexibility.

Capital
Agency vs bridge Bank vs debt fund Fixed vs floating Recourse vs nonrecourse

Products
Loan types Property types FHA vs agency

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Invest View all

Open playbook
Playbook for operators buying their first 5+ unit asset with agency or bank debt.

Profiles
First-time buyer Small portfolio Value-add sponsor Institutional growth

Company
About Team Deal review Contact

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English EN · ES

English Español

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Call (989) 900-1053 Book a call

Team

Josh Bauerle

US Division Lead · Licensed CPA

Portrait of Josh Bauerle, US Division Lead · Licensed CPA, at Multi-Family USA

US Division Lead and Licensed CPA.

Licensed CPA

Book a strategy call Free deal review

Related Resources 6 links A–Z

resources

Hand-picked next steps — go deeper, compare alternatives, or run the numbers.

Title	Type	Summary	Open
What is US multifamily (5+ units)	Guide	The commercial 5+ unit definition, why residential DSCR does not apply, and how this site is structured.	Read guide
Learning center	Guide	Execution guides for underwriting, capital stack, and close.	Read guide
Underwriting tools	Tool	DSCR, debt yield, cap rate, loan sizing, and portfolio screens.	Open tool
Loan types	Loan	Agency, bridge, bank, CMBS, debt fund, and FHA/HUD paths.	Read guide
Commercial DSCR calculator	Tool	Stress-test rent versus PITIA coverage for 5+ unit deals.	Open tool
Lender checklists	Guide	Document, diligence, and pro forma templates before you submit.	Read guide

Ready to Structure Your Next Multifamily Deal?

Multi-Family USA helps sponsors choose the right debt path — agency, bridge, bank, CMBS, or FHA — and pressure-test underwriting.

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