Multifamily CRE Financing

Every Multifamily Strategy.
Every Capital Source.

Agency (Fannie Mae DUS, Freddie Mac Optigo), CMBS, life insurance companies, banks, debt funds, mortgage REITs, BTR specialty platforms. Stabilized, value-add, ground-up construction, workforce, BTR. We run a competitive process across every lender type for every deal profile.

$300M+
Multifamily Volume
7
Financing Strategies
50
States Covered
40-75bps
Typical Rate Improvement

Every Multifamily Strategy. Matched to the Right Capital.

Multifamily is a capital-rich asset class where lender appetite, pricing, and structure vary dramatically by deal profile. The difference between agency and CMBS execution on the same stabilized deal can be 25 to 75 bps of rate. We run the competitive process that surfaces the winning option for your deal.

Most Competitive Permanent

Agency (Fannie Mae DUS, Freddie Mac Optigo)

Fannie Mae DUS and Freddie Mac Optigo. Most competitive execution for stabilized market-rate and workforce multifamily. 10-year fixed, 30-year amortization, non-recourse standard.

Rate 10-yr5.5 to 6.5%
LTVUp to 80%
Higher Proceeds

CMBS Multifamily

CMBS conduit financing for stabilized multifamily $5M+. Non-recourse standard, higher proceeds than agency (up to 75% LTV), yield maintenance prepayment.

Spread200 to 300 over
Term10-year typical
Value-Add

Value-Add Bridge

Bridge financing for value-add business plans. Debt funds and mortgage REITs are the dominant lender category. Acquire, renovate, stabilize, refi.

RateSOFR+400 to 650
Term2 to 3 years
Construction

Ground-Up Construction

Market-rate multifamily construction financing. Bank construction lenders plus debt fund alternatives. Life company forward commitments de-risk the permanent take-out.

LTC60 to 70%
Term2 to 3 years + ext
Fastest Growing

Build-to-Rent (BTR)

Horizontal single-family rental communities. Institutional capital has flooded into BTR. Specialty construction and permanent financing available.

Typical Deal$25M to $150M
Perm Take-OutAgency, specialty debt fund
Middle Market

Workforce Multifamily

80 to 120% AMI housing. Strong fundamentals, stable tenancy, lender appetite stronger than luxury. Fannie MAH and Freddie TAH compete aggressively.

AMI Range80 to 120%
PricingOften tighter than luxury
Refinance

Multifamily Refinance Strategy

Agency vs CMBS vs life company vs bridge decision framework. Cash-out mechanics, prepayment flexibility, rate lock strategy. The refi decision is a math problem, not a default choice.

Cash-OutUp to LTV / DSCR cap
Typical ProcessCompetitive multi-lender
HUD/FHA

HUD 221(d)(4) and 223(f)

HUD/FHA multifamily programs. 221(d)(4) construction-to-permanent with 40-year amortization. 223(f) permanent refinance up to 35 years. Non-recourse, fixed rate.

AmortizationUp to 40 years
Non-RecourseStandard

Multifamily Financing Playbooks

Long-form guides on every multifamily financing strategy, from a broker who closes these deals.

Cornerstone Guide

Agency Multifamily Financing in 2026: Fannie Mae DUS and Freddie Mac Optigo

How Fannie Mae DUS and Freddie Mac Optigo work in 2026. Competitive pricing, deal profiles, and when agency beats CMBS or life company execution.

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Conduit Strategy

CMBS for Stabilized Multifamily: When Conduits Win

When CMBS beats agency and life company execution on stabilized multifamily. Deal size sweet spots, non-recourse structure, and how conduit underwriting actually works.

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Value-Add Strategy

Multifamily Value-Add Bridge: Acquire, Renovate, Stabilize, Refinance

Complete strategy guide for value-add bridge financing. Bridge lender selection, interest reserve sizing, renovation timeline, and permanent take-out sequencing.

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Construction

Ground-Up Market-Rate Multifamily Construction in 2026

How construction financing works in 2026. Bank construction lenders, debt fund alternatives, and life company forward commitments for the permanent take-out.

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BTR Strategy

Build-to-Rent (BTR) Financing: The Fastest-Growing Strategy

How BTR single-family rental communities get financed. Construction and permanent take-out through agency or specialty debt fund.

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Workforce Housing

Workforce Multifamily: The Middle Market Lenders Actually Want

80 to 120% AMI financing. Naturally occurring affordable, strong fundamentals, and competitive agency and life company programs.

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Refinance

Multifamily Refinance Strategy: Agency, CMBS, Life Co, Bridge Options

How to structure a multifamily refinance in 2026. Decision framework, rate environment, and the cash-out mechanics that still work.

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Market Report

Los Angeles Multifamily Financing: 2026 Market Report

Current multifamily loan rates, cap rates, and lender activity in Los Angeles. Agency, CMBS, life company, and bridge options for LA apartment investors.

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Multifamily Financing By City

Local capital stack, market notes, and lender commentary for the six top multifamily markets. Each page is specific to the city.

Los Angeles

Phoenix

Dallas

Austin

Nashville

Denver

Have a multifamily deal?

Send us the asset, the business plan, and your financing goals. We run a competitive process across agency, CMBS, life companies, banks, and debt funds. No engagement fee, no obligation.

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