Multifamily Property Financing
Financing for apartment buildings, mixed-use property with residential above retail, and small multifamily portfolios.
What we finance
Apartment buildings held as investments, mixed-use buildings where the residential units carry most of the value, and portfolios of smaller multifamily assets held under common ownership.
Common situations
Acquiring a building on a closing timeline a bank cannot meet. Repositioning a property that is under-rented or partially vacant. Refinancing a loan that is maturing before the property is ready for conventional debt. Buying out a partner. Completing renovations needed to stabilize the rent roll before a permanent takeout.
How the deal gets underwritten
The rent roll and the equity position do most of the work. We look at current and market rents, vacancy, the condition of the building, and what the plan is for getting to a stabilized number. For income-producing buildings held long term, a DSCR loan underwritten on property cash flow may be the better structure.
Programs that fit
Commercial hard money and rehab and bridge loans for short-term needs, cash-out refinance to access existing equity, permanent financing once the asset is stabilized, and foreclosure bailout if a loan is maturing or already in default.
What we do not lend on
We do not lend on 1–4 unit owner-occupied residential property. Our lending is for investment and commercial real estate.