Loan Types

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.

Multifamily bridge loans can be obtained utilizing Fannie Mae and Freddie Mac loans, CMBS funding or various other bank loans.

CMBS loans are available for most commercial properties including office buildings, retail centers, apartment buildings, industrial properties, and more.

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.

HUD insured loans, apart from being grossly misunderstood, are among the best and most underused resources in the marketplace.

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.

Freddie Mac delivers a diversified selection of multifamily loan products with respect to both the acquisitions and recapitalizations of apartment communities.

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.

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.

Mezzanine loans have emerged as a prominent type of secondary, or subordinate funding in today’s commercial real estate market place.