Long-term Financing for Multifamily Properties

Multifamily loans and financing for properties with 5+ units

Looking for long-term financing for a multifamily property? Whether you are an established property owner or new to the multifamily investment world, Speritas Capital partners can help you access a wide range of options.

Multifamily is generally defined as properties with 5+ residential units. Property types include apartment buildings, apartment complexes, nursing homes, assisted living facilities, rehab centers and others.

Our focus is on multifamily loans from $500,000 and up. On the smaller side, we have access to private commercial mortgage lenders. For loans over $750,000, we can access Freddie Mac, Fannie Mae and FHA loan programs. In either case, you can expect 20+ year loans with 20-35 year amortization schedules. Fixed, floating and hybrid rate options are available.

Non-Health Care Multifamily Loan Features:

  • Loans from $500,000 and up (no max)
  • Available for acquisition or refinancing (including cash out)
  • Nationwide lending
  • Fannie Mae, Freddie Mac and FHA non-recourse programs
  • Private mortgages available based on property value and borrower credit
  • Adjustable rate and fixed rates, rate locks available
  • Debt service coverages ratios from 1.2-1.4x in most markets
  • Up to 80% LTV
  • 20-30 year maturities and amortizations
  • Declining prepayment terms, including yield maintenance options
  • 90% occupancy generally required for 3 months prior to loan closing
  • Bridge to permanent loans available for properties requiring rehab

Multifamily Health Care Property Loans:

  • HUD/FHA financing (Section 232) available for construction, rehab, acquisition and refinancing
  • Multiple use loans – refinancing coupled with new construction
  • Section 232 provides mortgage insurance to lenders for residential care facilities including nursing homes, assisted living facilities, and skilled nursing facilities.
  • Fixed rate
  • Up to 35 year maturities (max is 75% of remaining economic life)
  • Non-recourse
  • 80-85% LTV
  • Debt service coverages ratio of 1.45x

Contact Us

You need a strategic, cost effective solution to your financing needs and a funding partner you can trust. Let us put our decades of banking and structuring experience to work for you – contact Speritas Capital Partners about multifamily property financing today.