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Expert Multifamily Loan Experts
Multifamily & Apartment Financial Intermediaries
Looking to refinance or purchase an apartment building or commercial property?
Access higher leverage, lower rates, and longer amortizations on various
multifamily loan options than most banks or brokers could ever imagine.
Whether you wish to refinance, purchase, or build, we offer the most competitive rates and amortizations in the marketplace today:
- Fixed rates for 5, 7, 10 or even 35 years.
- Amortizations for 25, 30, 35 – even 40 years.
- Up to 80% loan-to-value ratios and more.
- Most loans are non-recourse (with standard carve-outs).
Our multifamily loan team offers hands-on, real customer support from experienced specialists.
And best of all, there’s absolutely zero cost to you, and no obligation. Contact us today to learn all of your multifamily lending options.
multifamily loan options
Bank Loans
Traditional bank loans are not a thing of the past, but walking into your local bank for a loan is. As banking institutions compete to allocate their capital into the multifamily market, each bank has its own niche and its own strengths and weaknesses.
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Bridge Loans
Multifamily bridge loans can be obtained utilizing Fannie Mae and Freddie Mac loans, CMBS funding or various other bank loans.
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CMBS Loans
CMBS loans are available for most commercial properties including office buildings, retail centers, apartment buildings, industrial properties, and more.
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Construction Loans
Construction financing terms are more competitive than ever. For apartment construction loans, HUD is – as always – offering the most competitive fixed-rate, fully amortized, high-leverage, non-recourse financing.
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FHA/HUD Loans
HUD insured loans, apart from being grossly misunderstood, are among the best and most underused resources in the marketplace.
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Fannie Mae Loans
Fannie Mae delivers easily the most competitive fixed rate and floating rate financing for apartment and other multifamily properties, with the exception of Freddie Mac.
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Freddie Mac Loans
Freddie Mac delivers a diversified selection of multifamily loan products with respect to both the acquisitions and recapitalizations of apartment communities.
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Freddie Mac SBL
The Freddie Mac SBL program has propelled Freddie to the forefront of small balance multifamily lending by finally creating a product for apartment loans from $1MM to $5MM more competitive than Fannie Mae’s small balance apartment loan program.
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Life Company Loans
With respect to apartment properties, Life Companies provide an appealing option to Fannie Mae and Freddie Mac, offering longer loan term options as well as extremely competitive rates.
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Mezzanine Loans
Mezzanine loans have emerged as a prominent type of secondary, or subordinate funding in today’s commercial real estate market place.
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SBA 504 Loans
SBA 504 loans are not offered for apartment properties, but rather are available for owner occupied commercial properties.
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Doing the right thing,
at the right time.
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about us
MacGregor & Knight leverages hundreds of associations throughout the USA with banking institutions, life insurance providers, hedge funds, private equity organizations, conduit lenders for CMBS loans, GSAs such as Fannie Mae and Freddie Mac, as well as others in order to design the ideal apartment financing options for you– our client (or our client’s agent).
There are numerous variables associated with selecting the financing that’s perfect, including factors such as terms (interest only, amortization schedules, etc.), rates, fees, recourse, leverage, assumability, prepayment criteria, subordinate financing, lock-out periods, carve-outs, and much more. The majority of lending institutions have the requirements and standard structures – and that’s it, there’s very minimal flexibility.
This means that when you’re working with a bank or lending institution, or perhaps your local mortgage broker, you must ensure that your deal matches their niche market, rather than identifying the lender who designs its business with respect to opportunities exactly like yours. You are restricting your options to their strengths, as opposed to taking advantage of the strengths of your loan opportunity with the proper loan provider within your particular niche. What one lender may refer to as a one-off deal, another may consider a perfect match.
Certainly, there’s no chance for a borrower to have access to a comparable degree to capital markets, as well as the identical partnerships as the professional team of multifamily loan specialists at MacGregor & Knight. It’s simply not possible unless you have developed a team which specializes in it, which as evolved alongside the marketplace for the last decade, and which continues to research and evolve on a daily basis.
Markets fluctuate, capital ebbs and flows. Affiliate with a partner who knows the multifamily loan marketplace inside and out, and wants to understand your loan requirements – MacGregor & Knight.
news
What Do Asset Managers Want from Property Managers?
Waters Edge at Harbison, Columbia, S.C. In the midst of massive local layoffs that caused multifamily vacancy in the area to skyrocket, the community held the line through stepped-up resident engagement and new programs. Image courtesy of Lloyd Jones LLC The days are long past when managing a multifamily community was primarily a matter of
February 28, 2019MBA Forecasts a Dip in Mortgage Originations
Lenders facing stiff competition to place capital may face an even tougher road ahead given the latest forecast from the Mortgage Bankers Association that is predicting a 2 percent decline in originations in 2018. Last year was a record year for commercial and multifamily mortgage originations at $530 billion. “We’re anticipating that 2018 will be
May 16, 2018U.S. Housing Starts Fall on Retreat in Apartment Building
(Bloomberg)—U.S. new-home construction declined in April as fewer starts of apartment projects outweighed a modest improvement in single-family structures, government figures showed Wednesday. Highlights of Housing Starts (April) Residential starts fell 3.7% to a 1.29 mln annualized rate (est. 1.31 mln) after revised 1.34 mln pace in prior month Multifamily home starts slumped 11.3% after
May 16, 2018