We match multifamily property owners with the optimal bank, credit union, or institutional lender — from preconstruction through permanent financing and everything in between.
GSE Lending Capacity 2025
Leverage Available
Rate Range by Program
Bank Relationships
Lender Landscape
Every multifamily deal has an ideal lender. We navigate the full spectrum — from money center banks to community credit unions — to find yours.
JPMorgan Chase, Wells Fargo, Bank of America, Citibank, and U.S. Bank offer the largest multifamily lending platforms — construction, bridge, and permanent programs with the most competitive rates on institutional-quality deals. Best for stabilized assets $10M+ with strong sponsorship.
M&T Bank, KeyBank, Valley National, Columbia Banking, Signature successor banks, and regional players offer more relationship-driven lending with flexible underwriting. Excellent for $2M–$25M deals, value-add plays, and sponsors building track records. Often more comfortable with secondary financing.
Local and community banks often provide the most flexible multifamily lending for smaller deals ($500K–$5M). Credit unions offer competitive member rates. These lenders know local markets intimately and can move quickly. Ideal for 5–50 unit properties and emerging sponsors.
Debt funds (Arbor, Greystone, Ready Capital, MF1), life insurance companies, CMBS lenders, and private credit shops. Offer non-recourse options, higher leverage, and creative structures for transitional, value-add, and complex deals that banks won't touch.
Financing Programs
From land acquisition to permanent takeout, we source bank financing for every phase of the multifamily lifecycle.
The gold standard for stabilized multifamily permanent financing. Fixed and floating rate options with rate lock up to 12 months. Non-recourse with standard carve-outs.
Competitive permanent programs including fixed-rate, floating-rate, and small balance ($1M–$7.5M). Green Advantage program offers rate reduction for energy-efficient properties.
Balance sheet loans from national, regional, and community banks. More flexible underwriting, relationship pricing, and ability to accommodate unique property or sponsor situations.
Short-term financing from banks for lease-up, repositioning, or refinancing maturing debt. Lower cost than debt fund alternatives but typically requires recourse and stronger sponsorship.
Non-recourse bridge from Arbor, MF1, Ready Capital, and others. Higher leverage and less restrictive terms than bank bridge. Ideal for value-add, construction completion, and stabilization.
Structured bridge programs with built-in permanent takeout. Best for properties in stabilization with a clear path to agency permanent financing. Competitive pricing with agency execution certainty.
The most powerful construction-to-permanent loan in America. Non-recourse, 85% LTC for market rate (87% affordable), with an 18-month construction period rolling into a 40-year fixed permanent loan.
National and regional banks provide construction financing typically at 65–75% LTC. Requires recourse and strong sponsorship. Competitive rates but lower leverage than HUD. Fastest execution.
Portfolio construction lending from credit unions for member borrowers. Competitive rates, local market expertise, and willingness to work with emerging developers on smaller projects.
Financing for site acquisition, entitlements, architectural/engineering, environmental studies, and soft costs before construction begins. Typically from community banks or CDFIs with relationship lending.
Bank or private financing for raw land or entitled sites. Leverage depends on entitlement status — raw land gets 50–60% LTV, fully entitled sites can achieve 65–75%. Key to locking in development sites early.
Corporate lines of credit or subscription facilities for developers with multiple projects. Used to fund soft costs, deposits, and predevelopment across a portfolio. Typically from relationship banks.
Combined financing for purchase and renovation of existing multifamily. Lenders fund acquisition at closing and release rehab draws as work progresses. Most common value-add structure.
HUD's substantial rehabilitation program for projects requiring $15K+ per unit in hard costs. Same powerful terms as new construction — non-recourse, 85–87% LTC, 40-year permanent loan.
Agency financing for moderate renovation ($6,500–$40,000 per unit) with a structured rehab escrow. Permanent loan funds at closing with rehab proceeds held in escrow and released as work completes.
Junior debt secured by a pledge of partnership or membership interests. Fills the gap between senior debt (65–75% LTV) and total required capital (80–90%). Typically priced at 10–15%, interest-only, with 2–5 year terms.
Equity-like investment with a preferred return, positioned between senior debt and common equity. No lien on the property — instead the preferred equity holder receives a priority return and potential profit participation.
Second mortgage, CDFI loans, state/local housing program funds, seller carryback, or EB-5 capital. Used to bridge the gap when senior debt and equity don't cover total project costs. Critical for affordable housing and complex deals.
Advanced Strategies
When standard programs don't fit, we structure custom capital solutions using multiple sources, layered incentives, and advanced techniques.
Start with a bank or debt fund bridge at 70–80% LTC to fund acquisition/construction, then convert to Fannie/Freddie or HUD permanent financing once stabilized. Seamless transition minimizes rate and execution risk.
Single-close loans that combine construction financing with a permanent takeout — eliminating refinance risk, rate uncertainty, and double closing costs. Available through HUD 221(d)(4), select banks, and agency programs.
Split senior financing between two lenders — for example, a bank first mortgage at 65% plus mezzanine at 15% — achieving 80% leverage while keeping each lender within their risk parameters. Requires intercreditor agreement.
Layer Low-Income Housing Tax Credit equity with bank construction financing for affordable housing deals. Tax credit investor equity covers 40–60% of development costs while the bank provides the construction and permanent debt.
Use equity in existing stabilized properties to secure financing on new acquisitions. Blanket loans across multiple properties allow higher effective leverage without additional cash equity on the new deal.
Lock permanent loan rates 6–12 months in advance of closing — during construction or stabilization — to hedge against rate increases. Available through Fannie Mae, Freddie Mac, and select life companies.
Combine the 20% federal Historic Tax Credit with bank construction and permanent financing for adaptive reuse conversions. HTC equity reduces the debt requirement and improves returns for office, church, and school conversions to multifamily.
Structure OZ-eligible investments with bank construction or bridge financing. Capital gains deferral layered with competitive bank terms creates powerful economics. Requires QOF entity formation and IRS compliance.
Single lender originates the full loan but bifurcates it into an A-note (lower risk, lower rate) and B-note (higher risk, higher rate). Allows higher total leverage from a single lending relationship with differentiated risk pricing.
Bank-to-Bank Note Sales
We facilitate the sale of performing, sub-performing, and non-performing multifamily loan notes between banks, credit unions, and institutional buyers.
Whether you're managing CRE concentration limits, exiting a market, or clearing non-performing assets from your balance sheet, we connect you with qualified institutional buyers ready to acquire multifamily loan positions.
Why banks sell: Regulatory concentration limits, capital ratio management, market exits, FDIC requirements, balance sheet optimization, liquidity needs, risk mitigation, and portfolio rebalancing.
Expand your multifamily portfolio by acquiring seasoned loan notes from other institutions. We source performing and distressed multifamily notes from banks, credit unions, and FDIC receiverships nationwide.
Why banks buy: CRA-qualifying assets, yield enhancement, geographic diversification, relationship acquisition, portfolio growth targets, and deploying excess liquidity into proven multifamily collateral.
Seller provides loan tape with note details — UPB, rate, maturity, collateral, payment history, borrower info
We analyze collateral value, cash flow, borrower strength, and market conditions to establish pricing guidance
Confidential marketing to qualified bank and institutional buyers with appetite for the specific note profile
Buyer reviews loan files, collateral docs, title, environmental, and borrower financials in a virtual data room
Execute assignment, allonge, and servicing transfer. Coordinate borrower notification and payment redirection
How It Works
We don't just find you a bank — we find you the right bank for your specific deal, market, and capital needs.
Submit your deal details — property type, size, location, capital needed, and timeline.
We model the optimal financing structure and identify which bank programs fit your deal.
Targeted outreach to our network of 50+ banks and institutional lenders — not a spray-and-pray approach.
Compare term sheets side-by-side. We negotiate rate, structure, prepay, and covenants on your behalf.
Coordinate the closing process with your bank, counsel, and team to ensure a smooth, on-time close.
Bank program updates, rate alerts, creative financing structures, and deal spotlights.
Find Your Lender
We'll match you with the right bank or institutional lender from our network. Every deal is different — tell us the details and we'll identify the most competitive options.