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Multifamily Refinance & Value-Add Takeout
Review a multifamily refinance around net operating income, occupancy, existing debt, and capital improvements. Compare advisor-led commercial financing options.
Business-purpose investment financing. Options are subject to lender and property review.
Use the building's operating story
A multifamily refinance review starts with the rent roll, operating history, expenses, occupancy, and current debt. Separate actual net operating income from a future stabilized projection. Pillar helps evaluate available financing structures against the property's current stage and your ownership plan.
Stabilized refinance or transitional capital?
A leased property with documented operations raises different questions from a building still undergoing unit turns or lease-up. If a significant part of the plan remains unfinished, compare bridge or transitional financing with a later permanent refinance rather than assuming projected income is accepted today.
Consider the costs of changing the debt
Review maturity, payoff, prepayment provisions, closing costs, and any capital needs. Proceeds may be limited by cash flow, valuation, or other lender requirements. A cash-out request should be evaluated after the existing obligations and project needs are accounted for.
Published completed-deal example
Houston 64-Unit Multifamily
64-unit multifamily purchase and refinance. Used cash-out from another apartment building for down payment. Bridge loans for cash-out and acquisition, with both immediately converted to long-term permanent loans.
Funded amount: $3,700,000
Read the completed dealThis past transaction is not an offer or a guarantee of eligibility or similar terms.
Questions before you apply
Is apartment financing the same as a residential DSCR loan?
Not always. Commercial multifamily underwriting can use different operating-income, valuation, and borrower requirements. Confirm the correct path for the unit count and property type.
Can projected rent increases support the loan?
The lender determines how much, if any, projected income it will recognize. Provide actual performance separately from your business plan.
Explore financing for your investment strategy
Compare property fit, qualification factors, and what to prepare
Capital options shaped around your deal
Pillar combines technology with advisor-led structuring, reviewing multiple lender and capital options against your property, timeline, and exit plan.
Review my financing optionsNo obligation. Rates and terms require underwriting approval. Read disclosures.