New York Multifamily (5+ Units) provide business-purpose real estate investors with Up to 75%–80% LTV Purchase / 70%–75% Cash-Out across loan amounts from $100,000 – $15,000,000+ at 6.50% – 8.50% (Perm) / 8.99%+ (Value-Add Bridge) (30-Yr Fixed, 5/1 & 7/1 ARM, 10-Yr IO, 24-Mo Bridge, 660+ FICO min FICO, 21 – 30 Business Days close). In New York (NY), lenders underwrite to a Judicial (RPAPL Article 13) statutory framework (240–360 days-day average timeline), a 1.64% average property tax rate (~$745/mo at the $545,000 state median), and $580/$100K hazard insurance (~$263/mo).
Multifamily loans through Loan Daddy LLC (NMLS #2827624) cover every apartment unit bracket—including 5–8 unit residential crossover DSCR, 5–9 and 5–10 unit small-balance apartments, 5–25 unit mid-market buildings, and 5+ unit commercial communities—offering both permanent 30-year fixed financing and value-add bridge-to-perm capital.
Median 1–4 unit price of $545,000 (75% LTV = $408,750) with Form 1007 rent of $3,950/mo and multifamily rent of $2,280/door.
New York operates under a Judicial (RPAPL Article 13) regime (240–360 days days). Lenders require ALTA lender's title endorsement, LLC Good Standing, and 6 months PITIA liquidity reserves.
Close in your New York LLC or Delaware LLC registered in NY with zero personal tax returns, W-2s, or 4506-C transcripts.