Multi Family 2-4 Unit Loans

For a Rate and Fees quote call


Brokered Multi Family
2-4 Unit Loans

This program is designed for Borrowers who are constructing a 2-4 family residential owner occupied property. If you are building for investment and do not intend to occupy the property, please see our Commercial Construction program guidelines.


General Guidelines*

  • Self Build available
  • Loan amounts from $95,000 to $5,000,000
  • Loan amounts up to 75% of the appraised value Cross collateralization allowed on other properties, if needed, for maximum or greater loan amounts
  • Borrower must have a minimum of 25% to put down towards the land purchase/subject property acquisition.
  • Foreign Nationals are eligible for this program
  • Deal directly with the Loan Officer/Underwriter
  • Full and limited documentation programs available. Limited documentation for non-owner occupied and commercial only.
  • Fast pre-qualification, typically within 3 – 5 business days, closing typically within 30 days (fast track closings in 14 +/- days available if certain criteria is met)
  • Loans are available to Borrowers with excellent to less than perfect credit (subject to underwriting)
  • Flexible draw schedules
  • 12 month construction term with extensions available
  • Interest only payments based on funds advanced
    *All rates and terms subject to change without notice

        Rates and Fees
        (Based on credit score, income, savings and LTV)

  • Rates:  Prime Rate plus 2.75% to 3.75%+
  • Loan Fee: 1.50% to 2.00%+
  • Application Fee: $295
  • Fast Track Closing Fee: $1,250
  • Underwriting Fee: $425
  • Maximum Broker Fee: 1.50% to 2.00% (subject to Broker Compensation option)  

To start the pre-approval process, download the Loan Submission Form above and include a completed 1003,  Tri-Merge Credit Report and appraisal, if available.

Loans available for owner occupied properties in the following states: CA, CT, DE, FL, IA, MA, MI, NC, NJ, NY, OR, PA, RI, VA, WA

Loans available for non-owner occupied properties only: AK, AL, CA, CO, CT, DE, FL, GA, HI, IA, ID, IN, KS, KY, MA, MI, MD, ME, MO, MS, MT, NC, NE, NJ, NM, NY, OH, OK, OR, PA, RI, SC, TN, UT, VA, WA, WV, WY

Draw Request Submitted

Thank you for requesting a draw.  You will receive an email or call confirming your draw request has been received within 1 business day.  If you do not receive confirmation, please contact our office at 800-390-7536.  Please notify us of any changes you wish to make to your request.  

Normandy Corporation

Thank you for scheduling your payment.  You should receive an email confirmation of payment within 1 business day.  If you do not receive a confirmation email within 1 business day, please call our office to confirm at 800-390-7536.