5–20 unit multifamily
Ground-up construction for compact apartment projects within the published unit and loan ranges.
Multifamily Construction
Small-Balance Multifamily & Mixed-Use Construction financing
Ground-up and adaptive-reuse construction financing for qualified 5–20 unit multifamily, townhome, and mixed-use projects between $1 million and $5 million.
Submitting a request does not create a loan commitment. Terms are indicative until underwriting, diligence, documentation, and credit approval are complete.
Published Program Parameters
Small-Balance Multifamily & Mixed-Use Construction terms at a glance
These figures are program parameters, not a quote. The complete transaction determines available leverage, structure, pricing, and approval.
- Loan Amount
- $1M–$5M
- Term
- 12–24 months
- LTC
- Up to 95%
- Completed Value
- Up to 75%
- Unit Count
- 5–20 units
- Experience
- GC or guarantor pairing available
Use Cases
When Small-Balance Multifamily & Mixed-Use Construction may fit
The loan category is the starting point. Property, sponsor, leverage, timing, and exit still have to work together.
Townhome development
Evaluate phased or single-delivery townhome plans through land, budget, team, and completed value.
Qualified adaptive reuse
Consider existing structures when plans, approvals, scope, cost, and the completed operating plan are clear.
Underwriting Lens
What the first review tests
A useful submission explains the transaction in numbers and shows how the intended outcome will be reached.
- Site control, zoning, and entitlement status
- Unit mix, plans, and construction budget
- Comparable GC and sponsor experience
- Equity, liquidity, contingency, and carry
- Completed value, lease-up, and operating assumptions
- Sale, refinance, or hold exit strategy
Submission Checklist
What to assemble
- Site-control or ownership documents
- Plans, unit mix, and permit status
- Detailed development and construction budget
- Project schedule and GC qualifications
- Market rent and completed-value support
- Sponsor financial statement and liquidity evidence
Illustrative Review
How the pieces are read together
A developer controls a site for a 12-unit project, has a defined unit mix, plans, a detailed budget, a qualified GC, and a refinance exit based on stabilized rent. RAMM would test approvals, costs, liquidity, completed value, lease-up, debt service, and team experience as one file.
Illustrative only. This example is not an offer, approval, representation of available terms, or promise that a similar request will qualify.
Common Friction
What can slow the file down
- Unresolved zoning, density, parking, or mixed-use requirements
- Budgets that omit soft costs, contingency, or carry
- Rent and value assumptions without market support
- A delivery team without comparable multifamily experience
- A permanent-loan exit that does not support projected debt service
Frequently Asked Questions
Small-Balance Multifamily & Mixed-Use Construction questions
What project size fits this program?
The published program is for qualified 5–20 unit projects with loan requests from $1 million to $5 million.
Can mixed-use or adaptive-reuse projects be considered?
Yes, qualified mixed-use and adaptive-reuse plans may be considered when the property, approvals, budget, delivery plan, and exit fit the program.
Can experience come from the GC or guarantor?
GC or guarantor pairing is available, but the complete sponsor and project structure still determine eligibility.
Bring Us the Scenario
Submit a Small-Balance Multifamily & Mixed-Use Construction scenario
Send the property, request, sponsor, timing, and exit. A complete file produces a faster and more useful preliminary review.
Submitting a request does not create a loan commitment. Terms are indicative until underwriting, diligence, documentation, and credit approval are complete.