Multifamily

Multifamily properties or apartment buildings classified as commercial real estate are structures which have five or more units for housing residential tenants. Their configuration can be low rise, high rise, garden style, etc accommodating multiple tenants within the apartment units. They are considered one the most desirable commercial real estate property types for lenders when stabilized with adequate tenants and cash flow. Multifamily properties in unsaturated markets are always in high demand supported by the necessity for affording housing, convenience and a growing population. Consequently, there are multiple loan lenders and loan programs available to purchase, refinance or funding construction cost for this commercial real estate asset class.