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Need a loan for your apartment complex? There are many options available to you that it can be difficult to wrap your head around which one is right for you.
The devil is in the details. Yes — interest rates are important — but don't forget to consider leverage (to maximize your IRR), amortization, DSCR requirements, and so much more.
Getting your apartment building loan may seem like a daunting task, especially considering how much financing terms can change day to day. Taking a new loan is not a small undertaking — especially if you go about it by just walking to your local bank or calling your old broker.
Today's financing landscape looks completely different from years past, and that's to your advantage. Having more options is great, but only if you know how to find and utilize them.
Ask your commercial mortgage broker how many apartment buildings she's raised preferred equity for via crowdfunding. The answer is likely none. Why is that important?
First, as apartment lending evolves, so do your apartment lending relationships. And second, because if you don't know all the options, you can't get the best apartment financing for you and your specific project.
What Type of Loan Is Right for Me?
The short answer is, there's no one loan that fits every single multifamily investor. From Freddie Mac to Fannie Mae loans, from large HUD loans to CMBS financing, from bank financing to bridge loans, there are endless options, each with their own advantages and disadvantages.
Learn more about each type of multifamily financing with our comprehensive guide.
Multifamily Loans' National Presence
Below is a list of geographical strengths in our apartment lending program by state. Click the location of your property to learn about apartment financing options in your area today.