Multifamily Loans Blog

Jun 18, 2025

How to Build Financing Operations That Scale With Your Portfolio

When financing becomes a strategic, scalable capability rather than a transaction-by-transaction challenge, you can achieve consistent growth with better long-term returns.

Jun 17, 2025

Timeline Certainty vs. Rate Shopping: Why Execution Risk Kills Deals

Timeline certainty can transforms financing from a constraint into a competitive advantage when you can move quickly and confidently.

Jun 16, 2025

How to Package Deals That Get Lenders Competing for Your Business

When lenders can quickly understand your opportunity and trust your execution capability, they compete for your business instead of just evaluating it.

Jun 13, 2025

Why Most Investors Shop for Financing Wrong (and How to Fix It)

Effective financing shopping starts with understanding what you really need, then finding lenders who can deliver it reliably. When you focus on execution and relationship value alongside competitive terms, your financing becomes a strategic advantage.

Jun 12, 2025

The Multifamily Investor's Playbook for Working With Non-Bank Lenders

Non-bank lenders provide needed flexibility for complex deals and tight timelines. Understanding how to work with these alternative capital sources can open up plenty of opportunities.

Jun 11, 2025

Build a Better Lender List for Your Next Deal

While you no doubt have a handful of go-to lenders, building a better list can be a significant competitive advantage.

Jun 11, 2025

How to Know If a Lender Will Actually Close Your Deal

When you know exactly which lenders want your deals, you can focus energy on real opportunities instead of wasting time on dead ends.

Dec 19, 2024

Section 8 Inspections: The Rules and Requirements Landlords Need to Know in 2026

Don't let your upcoming Section 8 inspection worry you. Although they cover many areas, our comprehensive guide walks you through everything you need to pass with flying colors.

Nov 8, 2024

The 4 Best Multifamily Loans in 2026

Which multifamily loan is best depends greatly on your unique situation, but we outline four top contenders for the year.

Oct 28, 2024

The Best 15 Multifamily Property Managers of 2024: What Sets Them Apart

Choosing the right property management company for your apartment building is critical to your investment's success. Learn who is our top property management company of 2024.

Oct 24, 2024

The Top 15 HUD Multifamily Lenders of 2024

Find out which 15 HUD lenders provided the highest volume of new loans in the past fiscal year with our comprehensive ranking.

Jul 23, 2024

How to Choose the Best Multifamily Insurer for Your Apartment Building

Just because an insurer is ranked highly in the industry doesn't mean they're right for you. Learn what to look for and look into in choosing your insurance company for your multifamily property.

Jul 22, 2024

How to Find Multifamily Properties for Sale in July 2026

Learn how to find multifamily properties for sale. Go beyond MLS listings with our comprehensive guide.

Jun 25, 2024

General Liability Insurance for Multifamily Construction: What You Should Know

For multifamily construction, there are a number of additional things to consider when getting general liability insurance coverage. Here's what you need to know.

Jun 24, 2024

Understand HOA Insurance for Multifamily Properties

Most multifamily properties will never need homeowners association insurance, but for the several types that do, it's important to understand your options (and requirements).

Jun 24, 2024

Umbrella and Excess Liability Coverage for Multifamily Construction

Sometimes, standard policy limits are simply not enough. Find out why umbrella or excess liability coverage could be the right thing for your multifamily development.

Jun 21, 2024

Pollution Liability Insurance for Multifamily Construction Projects

Both prevention and insurance are important for making sure your multifamily construction project doesn't leave a negative mark on the neighborhood. Learn what you need to know.

Jun 18, 2024

How Professional Liability Insurance Protects Your Multifamily Development

You need to make sure the architects, engineers, general contractors, and others that you're working with on your multifamily construction project are covered to ensure your development's in good hands.

Jun 18, 2024

Workers' Compensation Insurance: Protect Your Multifamily Construction Workforce

Workers' compensation insurance plays a really important role in ensuring your multifamily development goes off without a hitch. Learn what you need to know.

Jun 17, 2024

Builder's Risk Insurance: Protecting Your Multifamily Construction Project

Builder's risk insurance covers your multifamily development's building and materials during construction. It's important to get right: Here's how you do it.

Jun 14, 2024

How to Insure Your Multifamily Construction Project

Insuring a multifamily construction project can be challenging (and costly). Learn what you need to think about with our comprehensive guide.

May 16, 2024

The State of the Multifamily Market in 2024

Many challenges await investors. But that doesn’t mean there aren’t excellent multifamily investment opportunities out there. Here’s what you need to know.

May 1, 2024

How Location Affects Your Multifamily Property Insurance Costs

It may not be fair, but your property's location plays a massive role in determining how much you pay for your multifamily insurance policy.

Apr 24, 2024

Beyond Basics: Specialized Multifamily Insurance Options

Learn about various types of specialized multifamily insurance types that are highly useful for properties with specific characteristics.

Apr 19, 2024

Protecting Your Apartment Complex With the Right Property Insurance

Your apartment complex insurance policy may seem straightforward, but there are some things you'll need to know to ensure you're protected.

Apr 19, 2024

Safeguard Your Cash Flow: Loss of Income Insurance for Multifamily Investors

Multifamily cash flows aren't as predictable as they may seem. Loss of income insurance can help keep your apartment building operating profitably, even should the worst happen.

Apr 18, 2024

Why Liability Insurance Is a Must-Have for Multifamily Investors

Something as simple as a slip and fall could throw off your investment returns, and even dig into your personal finances. Liability insurance protects you.

Apr 4, 2024

Understanding Insurance for Your Multifamily Property

Understand the various types of apartment building insurance, and learn what to consider when finding a policy to protect your investment.

Mar 15, 2024

How Fannie Mae Loans Work for CHDCs

Explore the benefits and eligibility of Fannie Mae loans for CHDCs and how to navigate the financing landscape for affordable housing projects.

Mar 7, 2024

Top 10 Multifamily Lenders of 2024

Though there's been falling activity across the multifamily sector in the past year, our list highlights 10 top multifamily lenders worth looking at for your next deal.

Mar 6, 2024

Community Housing Development Corporations and Multifamily Loans

Explore the essential guide for CHDCs seeking to explore their multifamily financing options. Get actionable insights tailored for community housing development success.

Feb 28, 2024

Dallas Multifamily’s Path to Stabilization in 2024

After a difficult 2023 with record deliveries, Dallas may not be on every investor's list, but there are many signs that this year and next promise a return to normal.

Feb 23, 2024

Jacksonville Multifamily: Your 2024 Outlook

While falling rents are likely to put off many investors, there are hidden gems to be found in Jacksonville's multifamily market in 2024.

Jan 25, 2024

What's Next for Houston Multifamily?

The city's multifamily sector has a lot of challenges ahead of it. But for those who know where to look, opportunities await.

Jan 22, 2024

The Best 3 Multifamily Loans for Affordable Housing in 2026

Discover the three best multifamily financing options for affordable housing in 2026, including the HUD 223(f), Fannie Mae Standard FHA Risk Sharing Execution, and USDA 538 loans.

Jan 8, 2024

How I Started Investing in Multifamily Syndications, Part 4: Bad News in the Midwest

First-time investor Jeff Hamann finds what looks like the perfect multifamily opportunity, but then it all falls apart thanks to a last-minute surprise.

Dec 29, 2023

How I Started Investing in Multifamily Syndications, Part 3: Tax Implications

Learn alongside first-time investor Jeff Hamann as he hits a tax roadblock on investing in his first multifamily syndication.

Dec 19, 2023

Capital Gains Taxes for Multifamily and Commercial Real Estate Investors

Having an effective tax strategy is critical to your success as a multifamily investor. Otherwise, you could see a large portion of your profits consumed by an outsized tax bill.

Dec 15, 2023

How I Started Investing in Multifamily Syndications, Part 2: Offering Memorandums

Learn alongside first-time investor Jeff Hamann as he finds his way around various offering memorandums while searching for the right multifamily syndication.

Dec 1, 2023

How I Started Investing in Multifamily Syndications: Part 1

Experienced multifamily analyst (but newbie multifamily investor) Jeff Hamann shares how he got his start in syndicated investments as an LP, along with his process for finding opportunities.

Oct 20, 2023

Internal Rate of Return and Multifamily Real Estate Development

The internal rate of return is used to measure an investment’s performance based on the percentage rate earned on each dollar invested for each period it is invested.

Oct 19, 2023

What Are the Pros and Cons of Owning an Apartment Complex?

An apartment complex can be a very profitable, albeit challenging, investment. There are some surprising advantages you might not initially link to owning multifamily.

Oct 18, 2023

Section 8 Investing: A Comprehensive Guide

Section 8 properties can be remarkably good investment opportunities, especially during an economic downturn. Find out everything you need to know.

Oct 7, 2023

Multifamily Market Shift: From 2021's Boom to 2023's Stabilization

Explore the transition in multifamily trends from 2021's peak growth to 2023's return to pre-pandemic patterns and its implications for investors.

Oct 3, 2023

Beyond the City: The Appeal of Suburban Multifamily

With urban pricing near all-time highs, let's explore the many advantages suburban apartment buildings have, from potential rent growth to appreciation.

Sep 22, 2023

Active vs. Passive Multifamily Investing: Which Is Best for Me?

Different investment styles suit different people. Read our comparison and determine your best way forward.

Sep 12, 2023

The Chicago Multifamily Market: Looking to Late 2023

Chicago's market has a lot going for it, even as the rest of the nation's metros see rent growth slowing to a crawl.

Sep 7, 2023

Los Angeles: A 2023 Multifamily Market Update

Based on a number of multifamily market reports, legislative changes, and the influence of rising interest rates, learn how to invest in Los Angeles in 2023.

Sep 1, 2023

How to Choose a Multifamily Market (or Submarket)

Learn which five metrics you need to know to make a wise investment anywhere across the country.

Aug 31, 2023

Top 5 Florida Multifamily Markets for Investment in 2023

Analyzing rent trends, employment data, and population growth, we've determined the five multifamily markets with the best potential upside for investors in 2023.

Aug 25, 2023

The Effects of Texas's Multifamily Development

Explore the evolving landscape of Texas's multifamily market, uncovering the strategic implications of construction trends and their ripple effects on investment opportunities.

Aug 23, 2023

Fannie Mae Pushes Major Small Loan Changes

The Small Loan program now has a significantly higher loan maximum and relaxed requirements on how ‘local’ an investor needs to be.

Aug 18, 2023

When to Approach Lenders for Construction Financing: A Developer’s Guide

In multifamily development, timing is everything. Find out the best times to approach a lender to secure financing for your next project.

Aug 11, 2023

Apartment Construction Costs in 2026: Calculator & Investor Guide

Easily understand potential multifamily construction costs in 2026 with our calculator and guide, whether you're building a four- or 20-units apartment complex.

Aug 11, 2023

Top 10 Multifamily Markets in Late 2023

Our list of markets large and small show where you can find some of the best apartment investment opportunities, despite the property sector's challenges.

Jul 19, 2023

Multifamily Loan Size: A Practical Guide for Property Investors

Unlock the secrets to determining the optimal loan size for your multifamily property investment with this comprehensive guide.

Jun 30, 2023

Assessing Your Need for a Multifamily Refi in 2023

Even though interest rates are higher than they've been in a good long while, there are many signs that point to further hikes. Learn if a refinance could be the right move for your apartment complex.

Jun 29, 2023

How Leverage and DSCR Affect Multifamily Loans

Two of the most commonly utilized metrics in multifamily finance, DSCR and LTV, play a huge role in determining why you get the terms you get.

Jun 23, 2023

How to Assemble the Right Multifamily Development Team

If you’re a first-time apartment building developer, getting an experienced, high-performing team around you is essential to success.

Jun 16, 2023

Start Small: The Best Choice for New Multifamily Developers

Discover why starting small could be your winning strategy for getting into multifamily development, turning humble beginnings into larger successes with our guide.

Jun 13, 2023

How to Get Started on Your 1st Multifamily Development

Developing an apartment building is a complicated task. Learn what you need to know before starting on your first or next project.

Jun 1, 2023

How to Raise Multifamily Rents: A Step-by-Step Guide

Our comprehensive landlord guide outlines a balanced approach to apartment rent increases, ensuring profitability while maintaining tenant satisfaction.

May 12, 2023

3 Reasons Why HUD Multifamily Loans Are So Popular Today

Thanks to a series of rapid interest rate increases from the Fed, borrowers have started seeking out more and more FHA multifamily loans, which carry some of the lowest rates available.

Apr 26, 2023

Navigating Luxury Multifamily: A Guide to Class A Investing

Make informed decisions on your next Class A multifamily investment with our guide, covering key characteristics, attractive markets, and emerging trends.

Apr 24, 2023

How to Improve Risk Management for Your Apartment Building

Risk reduction is essential in owning and operating a multifamily property. Read our guide to find out everything you need to know.

Apr 20, 2023

8 Ways to Lower Your Apartment Building Insurance Costs

Reduce your premiums by taking these four steps with your multifamily property and another four you can take when you set up your policy.

Apr 19, 2023

5 Key Factors Driving Inland Empire Multifamily Growth in 2023

Discover the top factors propelling the Inland Empire's multifamily market growth, from strong population growth and housing demand to the region's strategic location and booming industrial sector.

Apr 7, 2023

The Most Underrated Midwestern Multifamily Market of 2023

In examining nine major metros, one state's capital city stands apart as a place for great investment opportunities.

Mar 28, 2023

6 Ways AI Is Revolutionizing Apartment Investing

From automating property management to making better, more informed investment decisions, artificial intelligence has untold applications in multifamily real estate.

Mar 28, 2023

Why Smaller, "Boutique" Apartment Buildings Can Be Great Investments

While larger, 50+ unit properties may get a lot of attention, smaller apartment buildings can be fantastic investment opportunities for all kinds of investors. Find out why.

Mar 27, 2023

How to Navigate Multifamily Tax Credits

The wide range of tax incentives for multifamily properties are complicated, but they can provide incredible opportunities for investors and developers.

Feb 23, 2023

6 Ways to Set Your Apartment Rents

Learn how to set rental rates for your multifamily property by examining these six key data points.

Feb 20, 2023

Multifamily Utility Considerations for Investors

Learn about the best utility billing methods for multifamily investors, including submetering and RUBS. Also explore other cost-saving strategies.

Feb 17, 2023

What Is a Bankruptcy-Remote Entity?

Bankruptcy-remote entities, or BREs, are very common in apartment investing. Find out what you need to know.

Feb 10, 2023

Getting a Multifamily Refinance: Your 2026 Guide

Our multifamily refinancing guide gets you everything you need to get started on improving your financing terms.

Feb 9, 2023

Multifamily Outlook in 2023: The Sky Isn't Falling

Multifamily rent growth may be slowing, but there are many reasons to be optimistic, albeit cautious, about the year ahead.

Feb 3, 2023

3 Tips for Hard Money Loans for Real Estate

If you don't want to put down a large sum of money upfront to buy an apartment building, a hard money loan can be a good option, though it does have drawbacks.

Feb 2, 2023

Top 10 Fannie Mae Multifamily Lenders of 2023

More than $69 billion in Fannie Mae multifamily loans closed in 2022. Find out who the top lenders were.

Jan 27, 2023

4 Steps to Increase Your Apartment Building's Occupancy

Use these four common-sense approaches to fill your empty apartments and keep your current residents in place.

Jan 20, 2023

The Top 5 Markets for Multifamily Rent Growth in 2023

Don't expect the same level of growth as in the past two years, but there are several standout places to invest in apartment buildings in 2023.

Jan 4, 2023

5 Best Multifamily Investment Markets of 2023 by Growing Property Values

Diverse job markets, strong population growth, and favorable locations make these markets well worth exploring for apartment investors.

Jan 2, 2023

Top 10 Multifamily Lenders of 2023

While the best multifamily lender for you depends on a wide range of factors, find out more about the 10 most active from last year.

Dec 16, 2022

The Best Ways to Buy a Multifamily Property With No Money: 7 Options

Apartment buildings are expensive, but there are ways to get into the sector that won't break the bank. Find out seven techniques in our guide.

Dec 15, 2022

Your Guide to HUD Mortgage Insurance Premiums

If you have a HUD multifamily loan or are considering one, you need to know about HUD MIPs. Find out current MIPs for HUD loans in our guide.

Dec 14, 2022

The Pros of Investing in Apartments Early

Looking for your first multifamily investment property? It pays to act sooner than later. Find out more in our guide.

Dec 13, 2022

Why the CPI Doesn't Capture Rents Accurately

The Consumer Price Index has many uses, but its reliance on significantly lagged housing data regularly causes headaches for those in the multifamily industry.

Dec 12, 2022

What Is a Good Cap Rate for Multifamily Properties?

Although an imperfect tool, understanding cap rates for your apartment investment is a key way of measuring potential upsides and risks.

Dec 8, 2022

How to Value Multifamily Property

Understanding what goes into the valuation of your apartment building can help you improve your return on investment and assess what financing options work best for you.

Dec 5, 2022

What Is Multifamily Finance? A Beginner's Guide

Read our comprehensive guide to find out what you need to know as an apartment investor to get the best out of your multifamily loan.

Dec 2, 2022

Single Family vs. Multifamily Investing: A Comparative Guide

Investment in single-family homes and multifamily properties can be lucrative. Not sure where to begin? Read our guide breaking down the pros and cons of each.

Nov 30, 2022

What HUD Clearing Its Backlog Means for Multifamily Investing

HUD multifamily loans, some of the most competitive financing options on the market are now able to do more, faster.

Nov 28, 2022

How DSCR Loans Are Used in Multifamily Investing

Loans based solely on a property’s debt service coverage ratio can provide fast capital, but will this work for your multifamily portfolio? Find out more on our blog.

Nov 25, 2022

5 Ways to Find the Best Multifamily Refinance in a Recession

Refinancing an apartment building during a recession could boost your cash flows. Find out five ways to get the right loan.

Nov 24, 2022

How Non-Recourse Loans Can Benefit Multifamily Investors

Non-recourse loans are a type of financing that is often used in commercial real estate. But what exactly is a non-recourse loan? And when should multifamily real estate investors use one?

Nov 17, 2022

Bank vs. Credit Union Multifamily Loans: Which Is Best?

Weighing the pros and cons of getting an apartment building loan through a bank or credit union? Check out the differences here.

Nov 15, 2022

Behind Freddie Mac's Expanded SBL Link Loan

The program update allows financing for small, non-contiguous buildings in any market nationwide, provided the portfolio has at least 10 units. Find out more.

Nov 11, 2022

Top 10 Metros With the Largest Housing Shortages

While investors and developers in these metros are already working to add apartments to an extent, good opportunities exist, even in a recession.

Nov 10, 2022

5 Myths about HUD-Insured Multifamily Loans

What do you know about FHA-backed loans for apartment buildings? This article dispels five of the most common myths about HUD multifamily loans.

Nov 10, 2022

Top 5 Markets for Multifamily Investment Growth

In this article, we analyzed the top multifamily markets for investment growth in the 12 months ending in September, using CBRE data.

Nov 10, 2022

What Is Amortization?

Amortization is the process of spreading out a loan into a series of fixed payments over time, where each payment is applied to both the principal of the loan and the interest.

Nov 10, 2022

Why Multifamily Is Safe During a Recession

While there are no absolutes in this economy, apartment properties are some of the safest investments out there. Find out why.

Nov 9, 2022

The 5 Best Ways to Avoid a Balloon Payment

Seeing a commercial loan balloon payment on the horizon can be stressful, especially if you don’t have a clear plan. Find out the five best ways to handle balloon payments.

Nov 9, 2022

Why Invest in Manufactured Housing Communities

Manufactured homes are affordable, fast to construct, and regarded as recession proof. Find out why.

Nov 7, 2022

4 Considerations Investors Should Have Before Using a Bridge Loan

Bridge loans can be an incredibly helpful tool for multifamily investors, providing quick access to short-term capital when needed, but here are four important things to consider before using one.

Nov 7, 2022

How to Renovate Your Apartment Complex

Our comprehensive guide walks you through five critical questions to ask yourself as you plan your property-wide apartment renovation project.

Nov 4, 2022

Top 5 Financing Options for Senior Housing Facilities

In this article, we detail the most common loan programs available for financing senior housing acquisitions, constructions, or rehabilitation.

Nov 3, 2022

Your Guide to Cross Collateralization in Multifamily Real Estate

Is taking a cross-collateralized loan in your best interest? Check out the main pros and cons in our short guide.

Nov 2, 2022

Janover Closes Fannie Mae® Small Loan for California Apartments

The eight-unit property refinanced through the Janover platform with a non-recourse, 10-year, fixed-rate loan.

Nov 1, 2022

What Is Effective Gross Income?

Effective gross income is an investment property’s potential rental income along with any other sources of income, minus any vacancy, credit, and collection losses.

Oct 27, 2022

5 Real Estate Exit Strategies for Multifamily Investors

A multifamily exit strategy allows investors to have a timeline for their investments and helps them maximize their profits when they eventually sell. Here are five strategies to consider.

Oct 26, 2022

The Benefits and Risks of Interest-Only Loans in Multifamily Real Estate

Interest-only loans can help commercial real estate investors free up cash in the short term, due to lower monthly payments during the interest-only period.

Oct 26, 2022

What’s the Difference Between Fannie Mae® DUS and Fannie Mae® Small?

Our quick reference guide breaks down the key differences between Fannie Mae’s Small Loans and DUS programs.

Oct 20, 2022

What Is the Difference Between the Freddie Mac Small Balance Loan and the Fannie Mae Small Loan?

Compare the country’s leading popular multifamily financing options under $8 million with our handy guide. While they share much in common, some key differences could make one more attractive to certain investors.

Oct 13, 2022

The Benefits of Fixed-Rate Loans

Fixed-rate loans have the power to shield investors from rising interest rates. Learn how they accomplish this and other key benefits that fixed rate financing offers to borrowers.

Oct 13, 2022

Top 5 Small Markets for Multifamily Investing in 2022

Amid rising interest rates and a looming recession, these tertiary markets could be the optimal place for your next multifamily investment.

Oct 11, 2022

Who Are the Top Affordable Housing Developers in 2022?

Take a detailed look at the top companies adding much-needed affordable housing across the U.S. in this year’s ranking.

Oct 9, 2022

Should You Sell or Refinance Your Multifamily Property?

As investors shift their strategies toward a longer-term horizon, holding properties and refinancing into a permanent loan is the most compelling investment option. Here’s why.

Oct 4, 2022

Despite rising interest rates, Janover data reveals steady stream of inquiries for commercial financing

Year-to-date through August, Janover received more than $25.5 billion in multifamily loan inquiries, with demand for construction financing representing 47% of all requests.

Sep 15, 2022

Replacement Reserves in Multifamily Real Estate

Replacement reserves are funds that are set aside for the periodic maintenance or replacement of a property’s structural elements and systems that wear out faster than the building itself.

Sep 13, 2022

Top 5 Markets for Multifamily Investment in 2022

With rent growth beginning to decelerate in many markets, where is the best place to deploy your capital for your next apartment property?

Aug 22, 2022

Top 10 Multifamily Developers of 2022

Multifamily starts experienced a 22.1% increase, climbing to 460,000 units, a level not seen since 1986, according to the NMHC.

Aug 11, 2022

Why You Should Refinance Your Multifamily Property in 2026

Refinancing an investment property can help you lower your rates or tap into your equity at an ideal time.

Jul 25, 2022

What Is Bridge-to-HUD Financing?

Multifamily investors can benefit from using a short-term bridge loan while applying for longer-term HUD financing.

Jul 10, 2022

The Top 15 Multifamily Property Managers of 2022

Take a closer look at the top 15 multifamily management companies of 2022, which manage a combined 2.3 million units across the U.S.

Jul 4, 2022

JV Breaks Ground on 350-Unit Atlanta Luxury Development

The Arts District project joins the more than 26,000 units under construction in the metro at the end of the first quarter.

Jun 30, 2022

Top 4 Qualities to Look for in a Property Management Company

When looking for the right property management company for a multifamily asset, these are four characteristics investors should keep an eye out for.

Jun 30, 2022

Vesper Holdings JV Buys Tampa Student Housing Community

The firm acquired the 444-bed community in a partnership with Fortress Investment Group.

Jun 28, 2022

Examining Gross Rent Multiplier as an Investment Tool

Here’s a breakdown of how the gross rent multiplier can help determine whether it’s worth pursuing an investment.

Jun 23, 2022

Understanding REITs and Mutual Funds: Differences, Similarities

These two types of investment share many similarities, but there are key distinctions between them.

Jun 21, 2022

LCOR, Madison Secure $87M in Financing for NJ Property

The joint venture received a seven-year, floating-rate loan from PGIM Real Estate.

Jun 20, 2022

A Mid-Year Reflection on U.S. Capital Markets Trends

Industry experts predicted a strong year for commercial real estate investment and lending, but volatile market conditions will likely slow down activity in the coming months.

Jun 15, 2022

Miami Opportunity Zone Development Receives $61M Financing

Walker & Dunlop arranged the loan through HUD’s 221(d)(4) program.

Jun 14, 2022

Advantages and Disadvantages of Multifamily Syndication

Learn about the benefits and drawbacks facing investors regarding multifamily syndication.

Jun 14, 2022

The Pros and Cons of Multifamily Investing

Increased cash flow is a major benefit, but high property prices might make it hard for investors to enter the multifamily market.

Jun 9, 2022

Understanding CMBS Tranches

Commercial mortgage-backed securities are often split into different tiers based on the different levels of risk and return. These tiers are known as tranches. This article explores the basics of CMBS tranches.

Jun 8, 2022

How Millennials Move the Single-Family Build-To-Rent Housing Market

Popular Millennial destinations across the Sun Belt recorded the highest demand for build-to-rent single-family homes.

Jun 6, 2022

Quinn Residences Grows Portfolio With 820 BTR Homes

The company has expanded its presence in Florida, Georgia, and North Carolina, also making its first acquisition in Tennessee.

Jun 2, 2022

Coastal Ridge, Goldman Sachs Buy Arizona Student Housing Community

Coastal Ridge will manage the 448-bed property in Flagstaff, Ariz.

Jun 2, 2022

Early Considerations for First-Time Multifamily Investors

In this article we examine the many important considerations investors should make before diving head first into the multifamily investment market.

Jun 1, 2022

How Tech Workers Shape the San Francisco Bay Area’s Housing Market

The region’s multifamily market recorded strong gains as tech workers continued to return to the region’s urban centers.

Jun 1, 2022

Understanding Different Multifamily Investment Types

Core, core plus, value-add, and opportunistic investment opportunities have different levels of risk and rates of return.

May 26, 2022

Are Rust Belt Multifamily Markets Making a Comeback?

Although the region may often be associated with decay, several key markets are experiencing an economic revival, driving multi-housing sector growth.

May 25, 2022

Westmount Buys Suburban Orlando Property in $62M Sale

In a deal arranged by Berkadia, Aspen Square Management sold The Lexington at Winter Park to Texas-based Westmount Realty Capital for $62 million.

May 23, 2022

A Close-Up on Different Types of LEED Evaluation

Since its widespread adoption, LEED Certification Review now exists for both residential and commercial project types.

May 18, 2022

Cortland Grabs $1B D.C. Multifamily Portfolio

The investor closed on two acquisitions in Arlington, Va., with two additional properties trading soon. The full portfolio includes more than 1,500 units.

May 18, 2022

Phoenix: A Multifamily Investment Hotspot

After a record-setting 2021, the Phoenix multifamily market continues to heat up based on key market trends.

May 8, 2022

The Investment Upside to Affordable Housing

Even as much of the focus remains on luxury rental properties, some investors are getting more and more into affordable housing. Here are three reasons why.

May 4, 2022

Step-Down Prepayment Penalties in Commercial Real Estate

A step-down, declining, or graduated prepayment penalty is a straightforward declining payment schedule based on the remaining balance at prepayment combined with the amount of time passed since the loan’s origination, or the last rate reset.

May 3, 2022

Fed Pushes Interest Rates Up by 50 BPS

The Federal Reserve announced an interest rate increase of 0.50% in the ongoing struggle against rising inflation.

Apr 12, 2022

What Amenities Do Apartment Renters Really Want?

Learn about five common amenities available in today’s apartment communities that can set your property apart from the crowd.

Apr 6, 2022

Top 5 Reasons to Invest in Austin's Multifamily Market

The multifamily market has been on fire for the past few years, but the Lone Star State’s capital shows few signs of stopping. Here are five considerations for investing in the Austin multifamily market.

Mar 18, 2022

Benefits of Adding an Affordability Component to a Multifamily Investment

Learn the benefits of investing in multifamily properties with an affordability component.

Feb 25, 2022

What is the National Multifamily Housing Council (NMHC)?

The NMHC is an active public policy group that donates to candidates that support the multifamily housing industry while advocating for a variety of policies, including the expansion of the affordable housing supply in the U.S.

Feb 4, 2022

Recourse vs. Non-Recourse Commercial Loans

Non-recourse loans have lower risk to the borrower, but typically these loans have higher costs. Understand which type of loan works best for you with our guide.

Sep 15, 2021

How Debt Service Coverage Ratio Is Used in Multifamily Finance

The debt service coverage ratio (DSCR) is calculated by dividing the net operating income (NOI) by the entity's annual debt service.

Jan 22, 2021

The Top 10 Multifamily Law Firms in 2021

In today’s world, contracts have never been more complex and litigation has never been more common. For multifamily investors, developers, this means that acquiring quality legal counsel isn’t just a luxury-- it’s a necessity. To help you better understand your options when it comes to real estate lawyers with specific experience in multifamily real estate, we’ve compiled a list of the top 10 multifamily real estate law firms in 2019.

Jan 1, 2021

SOFR: The New Replacement for LIBOR

For decades, the basis of the interest rates for loans, particularly for commercial real estate loans, has been the London Interbank Offered Rate, more commonly known as LIBOR. In essence, LIBOR is the rate which banks charge each other for short-term loans. However, LIBOR is rapidly being phased out by the Secured Overnight Financing Rate, or SOFR. By 2022, LIBOR will have been completely replaced, as major banks have no longer agreed to submit rates past that point in time.

Dec 31, 2020

What is the Opportunity Zones Program?

The Tax Cuts and Jobs Act of 2017 created a new tax incentive program to encourage capital investment in economically distressed areas of the country. Via the use of opportunity funds, corporations can attract investment into multifamily and commercial real estate, as well as stock or partnership interests in companies that operate in or do a significant amount of business in an Opportunity Zone.

Dec 31, 2020

Agency Loans for Multifamily Properties: What Borrowers Need to Know

The government-sponsored enterprises (GSEs) Fannie Mae and Freddie Mac, also known as the ‘agencies,’ provide some of the best loan terms on the market.

Dec 31, 2020

Apartment Lender Inspections: What Borrowers Need to Know

In some cases, inspections may occur before a borrower is approved to purchase a property, however, in most contexts, an apartment lender inspection is for the sole purpose of monitoring progress on a construction or substantial rehabilitation/renovation project.

Dec 31, 2020

Association Profile: Apartment Association of Orange County

The Apartment Association of Orange County (AAOC) is one of the largest apartment associations in the Southern California area. It is an affiliate of the National Apartment Association (NAA), as well as an affiliate of the California Rental Housing Association (CalRHA). Just like most apartment and landlord associations, The Apartment Association of Orange County provides members access to a variety of discounted landlord services, the ability to attend networking and educational events, easy access to forms, and certain other benefits.

Dec 31, 2020

Association Profile: Apartment Owners Association of California, Inc.

The Apartment Owners Association of California, Inc. (AOA) is one of the larger apartment associations in California. The organization was created in 1982 by Daniel C. Faller, who currently serves as the president of the AOA. Like many apartment associations, it offers members access to educational resources and seminars, business consultations, forms, and a variety of discounted landlord services.

Dec 31, 2020

Association Profile: The Apartment Association of Greater Los Angeles

The Apartment Association Of Greater Los Angeles (AAGLA) is one of the largest apartment associations in Southern California. It is also one of the largest local affiliates of the National Apartment Association (NAA). The AAGLA, which has operated since 1917, is designed to help multifamily investors, developers, property managers, and other members of the apartment industry by providing networking, educational opportunities, and discounted landlord services as well as politically advocating on behalf of the local and national apartment industry.

Dec 31, 2020

Buying Your First Apartment Complex: An Investor Guide

Demystify how to buy an apartment complex with our in-depth guide that covers everything from your financing options to your different holding strategies (among much more).

Dec 31, 2020

Cash On Cash Returns: Calculator, Risks Involved

Dec 31, 2020

Selecting a General Contractor for a Multifamily Construction Project

Choosing a general contractor is one of the most important decisions you’ll make. It’s essential to understand a contractor’s role, and what you need to know to select a qualified, professional contractor that will get the job done correctly.

Dec 31, 2020

CMBS B-Pieces and The Multifamily and Commercial Lending Market

CMBS loans are among the most popular types of financing for multifamily and commercial real estate, with approximately $77 billion in CMBS financing issued in 2018 alone. As many already know, CMBS loans are designed for securitization, meaning that one borrower’s loan will generally be grouped with many others to generate a commercial mortgage-backed security, which is then sold to investors on the secondary market.

Dec 31, 2020

CMBS Lenders vs. Life Companies: What You Need to Know

CMBS lenders and life companies often compete in the same space for large real estate deals. Both have significant advantages and certain disadvantages. For instance, life company loans typically offer lower rates and significantly better loan servicing, while CMBS loans are much easier to get approved for and offer benefits including interest-only periods (and even full, interest-only loans).

Dec 31, 2020

CMBS Spreads: What You Need to Know

A CMBS spread, also referred to as a CMBS credit spread, is the difference between the interest rate of a CMBS loan and the underlying index on which the interest rate is based on. Since the vast majority of CMBS loans are based on the swap rate, spreads can usually be determined by taking the interest rate of a loan and subtracting the swap rate.

Dec 31, 2020

Commercial and Multifamily Loan Origination in 2019

In commercial real estate, loan origination typically includes each step of the lending process, from initial application to disbursement of funds. According to the Mortgage Bankers Association (MBA), total commercial loan origination was a record $573 billion in 2018, an approximate 8% increase from the $530 billion of commercial loans originated in 2017, itself an 8% jump from the $491 billion in commercial originations reported in 2016.

Dec 31, 2020

Coronavirus & Its Impact on the Multifamily Industry

COVID-19 is impacting the multifamily industry. As yields come in, spreads widen, and tenants feel pressure, what will happen to multifamily real estate and capital markets?

Dec 31, 2020

How Cost Segregation Can Generate Massive Savings for Multifamily Investors

When it comes to investing in multifamily properties, investors generally want to take every reasonable measure to increase their returns. One of the most effective ways to do this is to reduce their tax bill via cost segregation, which massively speeds up the rate at which investors can claim tax deductions.

Dec 31, 2020

Do You Need a Business Plan for Apartment Investing?

If you want to give yourself the greatest chance of succeeding in the multifamily investing game, writing an effective business plan is key. A business plan can clarify your goals and bring potential obstacles to your attention.

Dec 31, 2020

Due Diligence for Multifamily Investing

Before you make the leap and purchase a multifamily property, you’ll need to do some homework first. In multifamily industry, this is referred to as “due diligence,” and often consists of hiring third-party service providers to inspect and/or provide reports on various parts of the property to analyze its suitability as an investment.

Dec 31, 2020

EB-5 Financing for Multifamily Real Estate Developments

While there aren’t millions of investors lining up, the program is certainly beneficial to a Chinese citizen who wishes a green card to live in the US.

Dec 31, 2020

Freddie Mac® SBL Program

with this new program comes a new list of goodies and benefits for servicers and sellers. These benefits include a simplified pricing process, a simplified SBL insurance assessment, less documentation, a reduction in due diligence requirements and easier third party reporting. Did we mention, better pricing?

Dec 31, 2020

Purchase or Refinance a Multifamily Property Today

Whether you are a new borrower or are looking to refinance an existing loan, it's important that you partner with a lender like Multifamily.Loans to get you the best leverage and financing terms available.

Dec 31, 2020

Going Green in Multifamily

The Fannie Mae Multifamily Green Initiative was created to provide loans for properties investing in energy efficient, cost-cutting improvements and lifestyles. The Green Initiative program allows for an increase of 5% in loan proceeds as well as a 10 basis points (bps) reduction off the all-in interest rate.

Dec 31, 2020

Hard Costs vs. Soft Costs for Multifamily Construction

Learn the crucial difference between hard and soft construction costs in multifamily development and how they impact profitability. Read our expert guide now.

Dec 31, 2020

How Property Management Fees Work for Multifamily Properties

Commercial and multifamily property management fees will range between 4% and 12% of the property’s overall rent. However, in some situations, these numbers may go as low as 3% and as high as 15%. In other cases, especially when a building is very large, a company may charge one flat, monthly fee.

Dec 31, 2020

How the CMBS Securitization Process Works: A Guide

When a conduit lender issues a CMBS loan, they will pool it in with a variety of other loans in order to create a commercial mortgage-backed security. These CMBS loans are similar to bonds, in the sense that they are traded on the open market.

Dec 31, 2020

Understanding Loan Ratios in Multifamily and Commercial Real Estate

One of the primary components used by commercial real estate underwriters to determine a loan amount is leverage. Leverage is summed up and determined based on the loan to cost and loan to value ratios.

Dec 31, 2020

LURAs: Land Use Restrictive Agreements and the LIHTC Program

If you’re a multifamily investor/developer using LIHTCs to fund the construction or rehabilitation of a multifamily property, you must agree to limit rents and follow other restrictions (agreed to in a LURA) for a certain time.

Dec 31, 2020

Master Servicers for CMBS Loans: What Borrowers Need to Know

Unlike a traditional bank or credit union loan, a CMBS loan is not serviced by the lender that originated the loan. A third-party loan servicing firm, known as a master servicer, will typically take on this responsibility.

Dec 31, 2020

Raising Unsecured Debt In Israel: A Competitive Financing Alternative For U.S. Multifamily Developers

Israeli investors are seeing many U.S. commercial real estate companies and multifamily owners contemplating Israeli debt-based financing as an alternative avenue to obtain competitive capital. Prominent multifamily commercial real estate owners such as The Cornerstone Group, Copperline Partners, and The Related Companies are just a few of the firms with bonds currently being traded on the Tel Aviv Stock Exchange.

Dec 31, 2020

Rental Assistance Demonstration (RAD): A Guide

Rental Assistance Demonstration, or RAD, is a Department of Housing and Urban Development (HUD) program, which seeks to help investors preserve affordable housing across the U.S. To do this, the RAD program allows investors using four HUD legacy programs the ability to convert their housing into long-term Section 8 contracts. This helps investors by giving them more flexibility in terms of acquiring the financing to repair their properties, including making it easier to apply for the LIHTC (Low-Income Housing Tax Credit Program).

Dec 31, 2020

Single Asset Single Borrower (SASB) CMBS Loans: What You Need to Know

SASB CMBS transactions involve the securitization of a single loan, which is typically collateralized by one, very large property. Single Asset Single Borrower transactions are typically based on loans of at least $200 million, and often range up to $800 million to $1 billion+. While most are collateralized by one property, SASB loans can also be collateralized by a group of cross-collateralized/cross-defaulted properties all owned by the same borrower (much like a Fannie Mae Bulk Delivery Loan or Fannie Mae Credit Facility financing, though with much less flexibility).

Dec 31, 2020

Small Apartment Loans: The Best Options for Borrowers

For investors with smaller multifamily properties, loan options may seem a bit limiting. However, there are plenty of strong financing choices out there.

Dec 31, 2020

Special Servicers for CMBS Loans

One potential downside to CMBS is that these loans are not serviced by the lender that originated them, and are typically placed under the supervision of separate loan servicing company referred to as master servicer. But what if things go south and a borrower defaults on their loan? That’s when another company, called a special servicer, comes in.

Dec 31, 2020

The Everything Guide to the 1031 Exchange in Multifamily Investing

1031 exchanges allow a commercial property owner to sell an asset and use the equity to purchase new property, with 100% of capital gains taxes deferred.

Dec 31, 2020

The Historic Tax Credit (HTC): What You Need to Know

Developers interested in rehabilitating and repurposing historic buildings may wish to look into the Historic Tax Credit, or HTC program, a federal tax credit program which provides a 20% credit against the cost of rehabilitating eligible historic structures.

Dec 31, 2020

The New Markets Tax Credit (NMTC): What You Need to Know

The New Markets Tax Credit, or NMTC, is designed to encourage investment in low-income communities through the use of Certified Development Entities, specialized financial entities which must be authorized and annually re-certified by the Community Development Financial Institutions Fund (CDFI Fund).

Dec 31, 2020

The Pros and Cons of CMBS Loans: A Guide

CMBS loans aren’t ideal for everyone, but they have some advantages other financing products don't. Learn more with our guide.

Dec 31, 2020

Who Are the Top 10 Multifamily Developers in the United States?

With more than 300,000 multifamily units added in 2018 alone, the multifamily development industry is growing at a steady pace. And, whether you’re a multifamily real estate investor, a broker, or are a developer yourself, it’s essential to understand the overall market landscape.

Dec 31, 2020

Who are the Top Affordable Housing Developers in the United States?

Each year, thousands of affordable housing units are developed across the United States. If you’re considering investing in affordable housing, or even developing affordable housing yourself, it’s essential to understand the market landscape. Fortunately, this April, Affordable Housing Finance issued a list of the Top 50 affordable housing developers of 2018. We’ve taken the top 10 and provided some additional color, so you can get a better understanding of today’s biggest players in the affordable housing industry.

Dec 31, 2020

What Are The ADA Requirements for Multifamily Properties?

For multifamily investors and developers, it's essential to know what ADA rules may apply to their property. That way, they can steer clear of potential lawsuits and fines. Despite widespread knowledge that the Act exists, many people misunderstand the exact ways in which these regulations apply to the average multifamily property.

Dec 31, 2020

What are the Advantages of Securitization?

Mortgage debt is the most commonly securitized asset, with common securitized products including mortgage-backed securities (MBS), commercial mortgage-backed securities (CMBS), and commercial debt obligations (CDOs).

Dec 31, 2020

What Are the Best Cities for Multifamily Investing in 2019?

Though some are concerned about an increased supply of properties on the market, as well as potential increases in interest rates, now is still an incredible time to purchase a multifamily property.

Dec 31, 2020

Understanding the Factors Impacting CMBS Rates

CMBS loan rates are generally based on the U.S. Treasury Index, plus a margin, also known as a spread, which compensates a lender for their risk and provides for their profits.

Dec 31, 2020

What Is ClickPay and How Is It Used?

ClickPay allows property owners and managers to bill tenants while accepting payments via credit cards, checks, and ACH transfers.

Dec 31, 2020

What Is Corporate Housing?

Corporate housing can be a great way to increase your apartment building's profits, but there are some drawbacks and challenges you must be aware of.

Dec 31, 2020

What is Defeasance and How Does it Work?

Defeasance refers to the replacement of the collateral of a loan with securities (generally fixed-rate government bonds) that will offer a lender an equivalent return. In many cases, borrowers will need to purchase U.S. Treasury bonds to conduct defeasance, though other types of government-backed securities may be used in some scenarios.

Dec 31, 2020

What Is the American Apartment Owners Association?

The American Apartment Owners Association (AAOA) is currently the largest landlord association in the United States, with more than 100,000 members. Should you join? Read about the organization along with a few others.

Dec 31, 2020

What is the National Apartment Association?

The National Apartment Association (NAA) is an industry trade group for apartment owners, landlords, and investors, as well as service providers to the apartment industry. The NAA also has many local chapters, which leads to a variety of networking and partnership opportunities. In addition to landlords and investors, the NAA also attracts suppliers, builders, developers, property managers, leasing consultants, and maintenance firms.

Dec 31, 2020

Is Yield Maintenance Right for You?

A yield maintenance prepayment penalty guarantees that the lender will attain the same yield on the loan, even if it gets paid off before the scheduled maturity date.

Sep 14, 2019

Association Profile: California Apartment Association

The California Apartment Association, or CAA, is the largest apartment association in the state of California, as well as the largest state apartment association in the United States. The CAA provides a variety of benefits to members, including classes, events, and discounts on important services. It also advocates for political change on behalf of California’s apartment industry, both through direct outreach to legislators and via its political action committee (CAAPAC).

Jul 24, 2019

2019 Apartment Industry Statistics: What You Need to Know

If you’re planning to expand your multifamily investments this year, it’s important to have a good understanding of the current state of the industry. By doing so, you’ll be able to make more informed choices about where to invest, how to invest, and if you should invest at all. To help you gain a better appreciation of the apartment and multifamily market this year, we’ve provided some of the most essential apartment industry statistics below.

Jun 9, 2019

The Top 10 Agency Apartment Lenders of 2018-2019

In 2018, agency lenders Fannie Mae and Freddie Mac issued a combined $143 billion in multifamily loans. While Fannie Mae issued more than $65 billion in multifamily financing, Freddie Mac Multifamily issued approximately $78 billion in loans. Overall, Fannie Mae origination is slightly down from 2017, in which the agency closed more than $67 billion in multifamily financing. In contrast, Freddie Mac Multifamily saw a noticeable rise in originations, with an approximate $4.8 billion growth from 2017’s $73.2 billion, itself a nearly 30% jump from $56.8 billion in loans originated in 2016.