Multifamily replacement properties
Scale the exchange into more units.
Review small and larger multifamily replacement-property opportunities around the actual rent, expenses, value, leverage and closing schedule.
Property scale
Multifamily is not one universal loan box.
The financing path changes with unit count, property characteristics, loan size, borrower experience and program availability.
2–4 units
Often reviewed within residential investment-property DSCR programs, subject to complete eligibility.
- Unit-level or market rent
- Residential appraisal scope
- Property and borrower review
5–50 units
May require additional property documentation and a more detailed income review.
- Rent roll and leases
- Operating statements when required
- Commercial valuation considerations
50+ units
Large multifamily requests are highly transaction specific.
- Sponsor and experience review
- Expanded due diligence
- Program and capital-source matching
Multifamily checklist
Prepare the property file early.
A cleaner financing file helps the deal desk identify gaps before the reported exchange and contract deadlines become critical.
Property documents
Contract, rent roll, leases, trailing statements if available and property photos.
Transaction details
Purchase price, exchange equity, requested loan amount, entity vesting and closing target.
Borrower profile
Credit range, experience, liquidity, reserves and guarantor information.
Start the multifamily replacement-property review.
Share the exchange stage, proposed replacement-property direction and current assumptions with the 1031 Exchange DSCR Loan Desk.