Start with units, occupancy, income, expenses, valuation, and closing strategy.
By Nicholas M. MossUpdated July 31, 2026Investor education
A multifamily replacement property can range from a small residential income property to a much larger operating asset. The financing path changes with unit count, property type, income documentation, condition, and requested leverage.
Property-level inputs
Unit count and occupancy
Rent roll, leases, and trailing operating information
Taxes, insurance, utilities, repairs, management, and other expenses
Capital improvements and deferred maintenance
Appraised value and market analysis
Transaction-level inputs
Purchase contract and closing date
Exchange equity and requested loan amount
Entity vesting and borrower experience
Reserves and post-closing liquidity
Title, insurance, environmental, and third-party reports as applicable
Start with the actual asset.
“Multifamily” is not one universal loan box. The desk should route the scenario based on the real property and complete transaction profile.
