Which items are typically required by a lender when financing a multifamily property?

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Underwriting a multifamily loan hinges on verifying income stability and tenant risk. Copies of lease and rental agreements show the exact terms, rent amounts, expiration dates, renewals, and any concessions, which shape the projected income stream. The rent roll gives a unit-by-unit snapshot of current rents, occupancy, and security deposits, helping assess overall cash flow, vacancy levels, and reserve needs. The amount of rental delinquency reveals collectability risk and potential impact on net operating income. Together, these items provide a clear picture of income quality and risk, which is why lenders typically require all of them.