Multifamily

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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Overview

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

Track Record

Multifamily Transactions

A selection of multifamily deals we have closed nationwide.

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.

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 - Jacksonville, FL

Permanent

$26,300,000

Multifamily Apartments

Jacksonville, FL

Permanent financing for a stabilized multifamily community in one of Florida's fastest-growing metro areas.

Construction

$18,000,000

55-Unit Ground Up

Orange County, CA

55-unit multifamily ground-up construction in Orange County, targeting high demand for new Class A rental product.

Bridge

$16,200,000

Multifamily Apartments

Nashville, TN

Bridge financing for a value-add multifamily acquisition in the Nashville metro, targeting rent growth in a market fueled by healthcare industry dominance, entertainment tourism, and some of the nation's strongest net in-migration figures.

Permanent

$16,160,000

Apartments (88 Units)

San Mateo, CA

88-unit apartment community refinancing on the San Francisco Peninsula, one of the Bay Area's strongest rental markets.

Multifamily Financing by City

Financing Programs

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

Mezzanine & Preferred Equity

10% - 18%

Specialty Financing

5.54% - 13.04%

Related Insights

Market Insights

Top 5 Markets for Multifamily Investment in 2026

Where should multifamily investors focus in 2026? We break down the top markets based on job growth, rent trends, supply dynamics, and financing availability.

Trevor DamyanFebruary 12, 2026

Market Insights

Multifamily Investing in Boston: A Complete Guide

A comprehensive guide to multifamily investing in Boston, covering market metrics, property subtypes, financing options, top submarkets, and the investment thesis for 2026.

Trevor DamyanNovember 15, 2025

Market Insights

Multifamily Investing in Charlotte: A Complete Guide

A comprehensive guide to multifamily investing in Charlotte, covering market metrics, property subtypes, financing options, top submarkets, and the investment thesis for 2026.

Trevor DamyanNovember 14, 2025

FAQ

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 $500,000, with agency small loan programs starting at $750,000 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.

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Or call us: 310.758.4042