Where's the cutoff between residential and commercial?

Two- to four-unit properties usually qualify under residential conventional or DSCR programs. Five units and up moves into small-balance commercial with different underwriting and timelines.

How long does a 5+ unit loan take?

Plan on 45–60 days for small-balance commercial. We pre-quote multiple lenders so you don't lose the deal waiting on one credit committee.

Can I refinance to pull cash for the next deal?

Yes — cash-out refinances are standard once you've stabilized rents and held the asset long enough to satisfy seasoning requirements.

Investor Loan

Multifamily financing from duplex to forty units.

Conventional, DSCR, and small-balance commercial — we route your deal to the lender that prices it best for the unit count and condition.

Min units

40+

Max units

20%

Min down

Up to 30 yr

Term

Best fit for

Investors buying 2–4 unit small multis with residential financing
Operators acquiring 5–20 unit small-balance commercial
Owners refinancing stabilized assets to recycle equity

Worth knowing

5+ unit deals underwrite the property's NOI and DSCR, not just the borrower
Reserves and management experience matter as unit count rises
Inspection and environmental reports add to the closing timeline

Questions we hear

Where's the cutoff between residential and commercial?: Two- to four-unit properties usually qualify under residential conventional or DSCR programs. Five units and up moves into small-balance commercial with different underwriting and timelines.
How long does a 5+ unit loan take?: Plan on 45–60 days for small-balance commercial. We pre-quote multiple lenders so you don't lose the deal waiting on one credit committee.
Can I refinance to pull cash for the next deal?: Yes — cash-out refinances are standard once you've stabilized rents and held the asset long enough to satisfy seasoning requirements.

Want to see if this fits your situation?

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Program details shown on this page — including down payment percentages, terms, and qualifying figures — are general guidelines from wholesale lender programs and are provided for informational purposes only. They are not an offer of credit, an advertisement of specific credit terms, a rate quote, or a commitment to lend. Actual down payment, rate, annual percentage rate (APR), term, points, fees, and monthly payment depend on your credit, income, assets, property, occupancy, and the lender's underwriting, and are disclosed only after a complete application. Program availability and terms are subject to change without notice. All loans subject to credit approval.

Dages Capital is a mortgage brokerage licensed in Indiana, NMLS #2802965. Equal Housing Opportunity.