Multi Family 2–4 Units Loan

Multifamily Construction Loan – Duplex, Triplex, Fourplex & 4-Unit Property Financing

Pre-Qualify (Consumer Use Only)
Contact Us

For a Rate and Fees quote call

800-390-7536

PRE QUALIFY NOW (Consumer Use Only)
Looking to build a duplex, triplex, or fourplex? Normandy’s multifamily construction loan programs are designed for both owner-occupants and investors constructing 2–4 unit residential properties. Our duplex construction loan, triplex construction loan, and 4 unit construction loan options support self-build projects as well as builder-led construction — giving you full flexibility in how you manage your project.
From apartment construction financing for rental income properties to multi unit property loan options for owner-occupied buildings, Normandy has a program matched to your goals and timeline. Small multifamily construction financing through Normandy covers the full build via draw-based disbursements — keeping costs controlled and cash flow predictable. For fourplex construction and smaller projects, our team provides experienced guidance at every stage. For 5+ units, please refer to our Commercial Construction programs.

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 
  • 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

Loans Available in the Following States

Owner Occupied

Loans available for owner occupied properties in the following states:

  1. CA
  2. CT
  3. DE
  4. FL
  5. IA
  6. MA
  7. MI
  8. NC
  9. NJ
  10. NY
  11. OR
  12. RI
  13. VA
  14. WA

Non-Owner Occupied

Loans available for non-owner occupied properties only:

  1. AK
  2. AL
  3. CA
  4. CO
  5. CT
  6. DE
  7. FL
  8. GA
  9. HI
  10. IA
  11. ID
  12. IN
  13. KS
  14. KY
  15. MA
  16. MI
  17. MD
  18. ME
  19. MO
  20. MS
  21. MT
  22. NC
  23. NJ
  24. NE
  25. NM
  26. NY
  27. OH
  28. OK
  29. OR
  30. PA
  31. RI
  32. SC
  33. TN
  34. UT
  35. VA
  36. WA
  37. WV
  38. WY

Frequently Asked Questions

Multifamily Construction Loans

What types of properties does a multifamily construction loan cover?
Normandy’s multifamily construction loan programs cover 2–4 unit residential properties — including duplex construction loans, triplex construction loans, and fourplex construction loans. For 5+ units, please refer to our Commercial Construction programs.
Yes. Normandy’s multi unit property loan programs are available for owner-occupied builds. Many borrowers occupy one unit and rent the remaining units to offset mortgage costs.
Yes. Owner-builder construction is available, allowing you to act as your own general contractor on your build a duplex or triplex project — reducing labor costs without requiring a site supervisor.
Conforming loan amounts allow up to 80% LTV. Jumbo amounts ($832,751+) allow up to 75% LTV. A 750 mid FICO is required for maximum LTV (subject to underwriting).
Once complete, you can convert to permanent apartment construction financing or refinance into a long-term mortgage. Normandy’s team guides you through every step of the small multifamily construction financing process.

For a Rate and Fees quote call

800-390-7536

Multi Family 2-4 Unit Loans

This program is designed for Borrowers who are constructing a 2-4 family residential Owner Occupied property.  Non-Owner Occupied properties allowed.  Please call for details. 

 

PRE QUALIFY NOW
(Consumer Use Only)

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 
  • 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

Loans available for owner occupied properties in the following states: CA, CT, DE, FL, IA, MA, MI, NC, NJ, NY, OR, 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, NJ, NE, 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.