How Much Can I Borrow? - Apartment Complex

Are you looking for a loan to finance your apartment building? Find out the maximum loan amount that a multifamily building will qualify for by using the apartment loan calculator. We are here to finance your apartment building. Please note that this information should be used as a guideline and is not a commitment to lend.

Maximum Apartment Loan Amount Calculator
100% Gross Potential Income⁽¹⁾	$
Less Vacancy and Uncollectibles⁽²⁾	$
Effective Gross Income	$
Less Expenses⁽³⁾
Taxes	$
Insurance	$
Utilities	$
Management⁽⁴⁾	$
Trash	$
Maintenance and Repairs	$
Landscape	$
Administrative	$
Miscellaneous	$
Total Operating Expenses	$ % of GPI
Expenses per Unit	$
Net Operating Income	$
Less
Capital Reserves⁽⁵⁾ per unit	$ # of Units:
Total Capital Reserves	$
Cash Flow Available to Service Debt	$

Calculator

Interest Rate	%
Amortization	years
Debt Service Coverage⁽⁶⁾
Loan Amount	$

Definitions

Sum of all actual income assuming 100% occupancy.
Input actual vacancy and uncollectables. If input is less than 5% of Gross Potential Income, model will automatically default to greater number.
Input actual expenses with necessary adjustments for taxes and Insurance. Use miscellaneous as a catch all.
Input actual management expenses. If input is less than 5% of Effective Potential Income, model will automatically default to greater number.
Use greater of $250/door or actual.
Defaults to 1.2 times.

Note: The commercial mortgage calculators displayed in this website should be used as a guideline and do not represent a commitment to lend. Commercial Loan Direct and CLD Financial, LLC are not liable for any calculation errors resulting from the use of these calculators.

How Much Can I Borrow? - Apartment Complex

Calculator

Definitions

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