By Trevor Damyan, Commercial Mortgage Broker at Commercial Lending Solutions
A $20 million multifamily portfolio refinance typically combines 4 to 12 properties under a single cross-collateralized loan structure, allowing the sponsor to consolidate multiple individual property loans into one efficient financing. Portfolio loans deliver pricing inside individual property loans (typically 10 to 25 basis points), simplified servicing, and cross-collateralization that supports leverage on weaker individual assets. Most $20M multifamily portfolio refinances fund through Fannie Mae DUS, Freddie Mac Optigo, life co, or CMBS depending on sponsor preference and leverage requirements.
Get a Quote on Your $20M Deal →$20M multifamily portfolio refinances are funded as a single senior loan secured by 4 to 12 properties on a cross-collateralized basis. The decision is which agency or capital source delivers the best blended pricing across the portfolio.
Pricing reflects active CLS CRE quote pipeline as of April 2026. Specific deal pricing depends on sponsor, property, and structure.
Typical $20M multifamily portfolio refinance sponsors are mid-market multifamily investors with 8 to 30 properties under management. Sponsor net worth $10M to $75M; liquidity $2M to $15M. The portfolio is typically concentrated in 1 to 3 markets and reflects a multi-year acquisition strategy. The portfolio refinance consolidates expiring loans, captures cross-collateralization benefits, and locks in 10-year fixed-rate cost of capital across the entire portfolio.
On a $20.5M Sun Belt multifamily portfolio refinance covering 8 properties (188 units total) across two metros, the sponsor consolidated 6 individual property loans (5 expiring within 18 months, 1 maturing immediately) into a single Freddie Mac Optigo Conventional Portfolio at 5.85 percent fixed 10-year, 73 percent LTV, with 3 years of interest-only, standard yield maintenance, and individual property release provisions allowing sale of any single property at 110 percent of allocated loan amount. Pricing came in 22 basis points inside the blended pricing of the individual loans the portfolio replaced, saving approximately $40K per year of interest expense plus the ongoing operational efficiency of one loan instead of 6.
Anonymized. All deal references protect borrower and lender identity.
Tell us about your transaction. We will run it past lenders that actively fund this size and product type and send back terms within 48 hours.
Apply for Financing →