Multifamily & Apartment Financing

Multifamily properties are the most actively financed asset class in commercial real estate. From small 5-unit apartment buildings to large 500+ unit communities, multifamily assets benefit from the broadest range of financing sources including agency lenders (Fannie Mae, Freddie Mac), banks, life insurance companies, CMBS conduits, and debt funds.

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Multifamily & Apartment Financing

The multifamily sector consistently attracts strong capital flows due to fundamental housing demand, favorable demographics, and government-backed lending programs. Agency financing through Fannie Mae and Freddie Mac offers the most competitive long-term rates with non-recourse terms, while bank and life company options provide flexibility for portfolio borrowers. CLS CRE specializes in multifamily financing across all subtypes, from conventional apartments to manufactured housing communities.

Multifamily Subtypes

  • Conventional Apartments
  • Garden-Style Communities
  • Mid-Rise & High-Rise
  • Manufactured Housing / Mobile Homes
  • Student Housing
  • Senior Living & Assisted Living
  • Affordable / Workforce Housing
  • Single-Family Rental Portfolios

Financing Options

  • Agency (Fannie Mae / Freddie Mac)
  • Bank Permanent Loans
  • Life Insurance Company Loans
  • CMBS
  • Bridge & Value-Add
  • Construction

Multifamily Transactions

A selection of multifamily deals we have closed nationwide.

125-Unit Ground Up - Seattle, WA
Construction
$60,000,000
125-Unit Ground Up
Seattle, WA
Ground-up construction financing for a 125-unit luxury apartment development in Seattle's booming residential market.
Multifamily Apartments - Washington, DC
Construction
$55,000,000
Multifamily Apartments
Washington, DC
Construction financing for a 250-unit luxury apartment development in DC’s Navy Yard neighborhood, one of the District’s fastest-appreciating submarkets with a thriving waterfront dining and entertainment scene.
Multifamily Apartments - Miami, FL
Construction
$52,000,000
Multifamily Apartments
Miami, FL
Ground-up construction financing for a luxury 220-unit apartment tower in Miami’s Brickell corridor, one of the nation’s fastest-growing urban submarkets driven by corporate relocations and international capital inflows.
Multifamily Apartments - Raleigh, NC
Construction
$38,000,000
Multifamily Apartments
Raleigh, NC
Construction financing for a 200-unit garden-style apartment community in Raleigh’s Research Triangle Park corridor, one of the nation’s top-performing job growth markets driven by biotech and technology employers.
Multifamily Mobile Homes - San Jose, CA
Permanent
$36,400,000
Multifamily Mobile Homes
San Jose, CA
Manufactured housing community portfolio refinancing in one of the nation's tightest and most expensive housing markets.
Multifamily Apartments - Riverside, CA
Construction
$32,000,000
Multifamily Apartments
Riverside, CA
Construction financing for a 160-unit workforce housing development near UC Riverside, addressing severe housing undersupply in the Inland Empire where population growth continues to outpace new residential construction.

Financing Programs

Multifamily properties qualify for a variety of commercial loan programs. Explore your options.

Related Insights

Multifamily Financing FAQ

Multifamily properties enjoy the broadest financing options in commercial real estate, including agency loans (Fannie Mae, Freddie Mac), bank loans, life insurance company loans, CMBS, bridge loans, and construction financing. Agency programs offer the most competitive rates with non-recourse terms.
Most commercial multifamily loans start at 5+ units, as 1-4 unit properties fall under residential lending guidelines. Loan amounts typically start at $1,000,000, with agency small loan programs starting at $1,000,000 and going up to $100M+ for larger portfolios.
Multifamily loan rates range from 5.34% to 8.25% depending on the lender type and deal specifics. Agency loans (Fannie Mae, Freddie Mac) offer the most competitive rates, typically 5.34% to 6.50% for stabilized properties with strong fundamentals.
Yes. Manufactured housing communities (mobile home parks) qualify for competitive financing from agency lenders, banks, and life insurance companies. Fannie Mae and Freddie Mac both have dedicated manufactured housing programs with favorable terms.
Multifamily LTV ratios range from 65% to 80%, depending on the lender type. Agency programs can offer up to 80% LTV, while banks and life companies typically cap at 70-75%. Bridge loans for value-add multifamily may go up to 75-80% of as-is value.
Agency financing (Fannie Mae, Freddie Mac) requires a stabilized property with minimum 90% occupancy, a debt service coverage ratio (DSCR) of 1.20x-1.25x minimum, a borrower with multifamily experience and strong net worth, and a property in good physical condition.

Finance Your Multifamily Property

Contact CLS CRE for a free, no-obligation quote on multifamily financing. We respond within 24 hours.

Apply for Financing →
Or call us: 310.758.4042

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