Staten Island, NY · Apartment & Multifamily Loans
Apartment & Multifamily Loans in Staten Island
5+ unit deals need a lender who's closed them. We have.
Why Staten Island investors choose 818
Staten Island is the last NYC borough where 2–4 unit deals regularly clear at under $1M. North Shore corridors — St. George, Stapleton, Port Richmond — pair ferry and SIR access with genuine value-add stock, while the South Shore runs deeper into SFR rental territory. Most of the 1–4 unit inventory sits outside rent stabilization, which keeps DSCR underwriting cleaner than in Brooklyn or the Bronx.
Our edge here: NYC-borough expertise without the stabilization drag — we underwrite Staten Island 2–4 units on straight market rents and close on NYC title timelines.
Apartment & Multifamily Loans: Staten Island terms
Term
2-year bridge through 30-year permanent
Leverage
Up to 80% LTV (agency), 80% LTC (bridge)
Credit minimum
Sponsor experience-driven, 680+ typical
Close time
45–75 days
Qualification
Property NOI + sponsor track record
Ideal for
Small multifamily investors stepping up from 2–4 unit, syndicators raising capital who need a reliable debt quote, 1031 exchange buyers targeting multifamily, and bridge-to-perm rehab plays.
Program details that apply in every market: Apartment & Multifamily Loans — national program page · 2–4 unit or 5–20 unit building qualifying on rent? Multifamily DSCR loans
Prepare the apartment file
What to send for a Staten Island apartment loan
Start with the income the building collects today. Show renovation, lease-up and future rent assumptions separately, so the review can distinguish a stabilized refinance from a property that needs time and capital to reach its business plan.
Rent roll and document checklist
- A dated, unit-by-unit rent roll: occupancy, monthly contract rent, lease start and end dates, concessions and unpaid balances.
- Trailing 12-month operating statements and year-to-date results, with collected rent reconciled to the rent roll.
- Current tax bills, insurance terms, utility responsibilities and recurring service contracts; identify any expected changes after purchase.
- A separate schedule for vacant units: work remaining, cost to complete, expected availability and the evidence behind proposed rents.
- Purchase contract or current payoff, requested loan amount, sponsor experience, liquidity and a clear acquisition or refinance timeline.
When the building is still leasing up
Send two views of the same property: current operations and the proposed stabilized outcome. Include the cash needed to finish work and carry vacant units, the pace of leasing, and what would have to be true for the permanent refinance to repay the bridge.
A projected rent is an assumption until supported. Identify what is signed, what is collected and what is still a target. Include any applicable rent restrictions or occupancy issues for the underwriting and legal teams to review.
Read the multifamily financing playbook →A loan-sizing worksheet: income can be the limiting factor
This hypothetical example uses a $1.8 million value, a 75% loan-to-value ceiling, a 1.25× debt-service coverage requirement and an 8% annual mortgage constant. The constant means $0.08 of annual principal and interest per $1 borrowed. These are worksheet assumptions, not current pricing or approval terms.
| Sizing step | Base case | Lower-income case |
|---|---|---|
| Annual net operating income before debt service | $120,000 | $105,000 |
| Maximum annual debt service: NOI ÷ 1.25 | $96,000 | $84,000 |
| Income-supported loan: debt service ÷ 8% | $1,200,000 | $1,050,000 |
| Value-supported ceiling: $1.8M × 75% | $1,350,000 | $1,350,000 |
| Lower of the two sizing limits | $1,200,000 | $1,050,000 |
Here, $15,000 less annual income reduces the income-supported loan by $150,000 even though value is unchanged. Actual underwriting may adjust income, expenses, reserves, value and other constraints. Compare the resulting net proceeds with the purchase or payoff and all closing costs before deciding how much equity the file needs.
Document reference: Fannie Mae’s Multifamily Guide (Section 307) names property rent rolls and property operating statements among the financial documents a borrower delivers and certifies. Final requirements depend on the financing program.
Common questions — Staten Island apartment loans
Does 818 Capital offer apartment loans in Staten Island?
Yes. 818 Capital Partners is a direct private lender originating Apartment & Multifamily Loans for investor properties throughout Staten Island and the greater Richmond County market. 5+ unit deals need a lender who's closed them. We have.
What are typical apartment loan terms in Staten Island?
2-year bridge through 30-year permanent. Up to 80% LTV (agency), 80% LTC (bridge). Minimum credit score Sponsor experience-driven, 680+ typical. Typical close time: 45–75 days. Qualification: Property NOI + sponsor track record.
What Staten Island neighborhoods do you lend in?
We actively finance apartment loans across St. George, Stapleton, Port Richmond, New Dorp, Tottenville, and other submarkets of Richmond County.
How fast can 818 Capital close a apartment loan in Staten Island?
Our typical close time for a Apartment & Multifamily Loans is 45–75 days. On urgent deals we've closed faster — ask for a same-day term sheet.
Other loan programs in Staten Island
DSCR Rental Loans
30-year fixed. No personal DTI. Closes on property cash flow.
Fix & Flip Loans
Up to 90% LTC. 75% ARV. 12-month terms.
Short-Term Rental (STR) Loans
Underwritten on AirDNA revenue, not LTR shadow rents.
Bridge Loans
Fast, flexible capital for time-sensitive acquisitions.
Ground-Up Construction Loans
Fund the build. Refinance into a DSCR on stabilization.
Apartment & Multifamily Loans in other markets
Ready to close your Staten Island deal?
Submit a scenario. We\'ll come back with a real term sheet — not a teaser rate — within 24 hours.