Start a California 5-10 unit scenario
TL;DR: Tell us about the building and the loan you want. A Loan Daddy loan specialist reviews the rent roll the way a 5-10 unit underwriter will and tells you which wholesale programs fit before anyone pays for an appraisal. Business-purpose loans on non-owner-occupied buildings only.
What happens after you send it
A Loan Daddy loan specialist follows up
We confirm the unit count, occupancy and loan purpose, and ask for the rent roll if you did not include it.
We review the rent roll
In-place rents against the leases, rent-cap and local ordinance coverage, retrofit status and the post-sale tax bill.
We compare wholesale programs
Only programs that accept your unit count, city and condition. You see the trade-offs.
The lender underwrites and funds
Appraisal, documents and conditions follow once you choose a program.
Have these handy
- Unit-by-unit rent roll and copies of the leases
- Trailing operating statement, often 12 months
- The property tax bill and an insurance quote or declarations
- Rent program registration, if the city has one
- Retrofit and balcony inspection records for older buildings
- Entity documents if title is held in an LLC
Before you fill this in
This form is for business-purpose financing of non-owner-occupied 5-10 unit buildings. It is not an application for credit and not a commitment to lend. If you or a family member plan to live in one of the units, we cannot help with that request, and the form will tell you so rather than passing it along. See our privacy policy for how your information is handled.