Multifamily Financing Solutions
Acquisition • Refinance • Construction • Redevelopment
Conventional multifamily financing is permanent or transitional debt for residential apartment assets, delivered through Agency executions with Fannie Mae or Freddie Mac, life insurance company balance-sheet lending, CMBS conduit, HUD, bridge, and conventional bank programs. Multifamily debt is underwritten against in-place cash flow, DSCR durability, sponsor experience, and the asset's positioning within the local rental market. With more than 70 years of combined capital markets leadership experience, Cornovus Capital structures multifamily executions aligned with the asset's business plan and exit, applying institutional discipline and capital markets precision across Agency, HUD, LifeCo, CMBS, and bridge executions at every phase of the engagement.
Our advisory team manages the full multifamily financing process for sponsors nationwide, from initial underwriting and third-party diligence coordination through lender interface, structuring, and closing execution, ensuring clarity and execution certainty throughout the transaction. Multifamily financing is available from $1 million to $250 million and above across Agency, LifeCo, CMBS, HUD, bridge, and conventional bank programs with leverage up to 85% LTV on HUD and 80% on Agency. For sponsors evaluating multifamily loan financing, Cornovus Capital structures executions for acquisitions, refinancings, recapitalizations, construction-to-permanent, and value-add repositioning strategies, with capital placed through pre-qualified institutional partners matched to the asset.
Typical Multifamily Loan Terms
| Program Types | Conventional bank, Agency (Fannie Mae and Freddie Mac), HUD, Bridge, CMBS, and LifeCo |
| Loan Size | $1 million to $250 million and above depending on program, property type, and sponsorship |
| Term | 5 to 30 years permanent; 12 to 36 months bridge and transitional |
| Amortization | 20 to 40 years depending on program; interest-only available on bridge and select permanent programs |
| Leverage | Up to 75% LTV conventional; up to 80% Agency; up to 85% LTV HUD; up to 80% LTC bridge |
| Recourse | Non-recourse on Agency, HUD, CMBS, and LifeCo; partial recourse on conventional bank |
| Rate | Fixed-rate on Agency, HUD, CMBS, and LifeCo; floating on bridge and conventional |
| Closing Timeline | 10 to 30 days bridge; 45 to 75 days Agency and CMBS; 60 to 120 days HUD |
| Eligible Borrowers | Developers, sponsors, portfolio owners, and institutional investors with qualified multifamily experience |
Who Qualifies for Multifamily Financing?
- Developers and sponsors acquiring, constructing, or repositioning multifamily properties.
- Portfolio owners seeking long-term refinance for stabilized assets.
- Operators expanding holdings through bridge-to-perm or CMBS executions.
- Affordable and workforce housing owners leveraging HUD or agency programs.
- Institutional investors executing recapitalization or portfolio refinance strategies.
Eligible Multifamily Property Types
- Market-rate apartments and professional-managed communities.
- Affordable and workforce housing (LIHTC, Section 8, NOAH).
- Student, senior, and mixed-use housing developments.
- Rehabilitated or transitional assets in secondary and tertiary markets.
- Portfolio acquisitions and recapitalization of stabilized properties.
Ineligible Multifamily Properties
- Condotels or single-room occupancy units.
- Non-stabilized properties without defined exit or takeout.
- Purely speculative ground-up developments without equity participation.
- Projects with excessive leverage beyond lender or program thresholds.
About Cornovus Capital
With more than 70 years of combined capital markets leadership experience, Cornovus Capital is a national institutional commercial real estate and business capital advisory firm. Led by principals and senior advisors across institutional credit, capital placement, asset management, and hospitality ownership, we perform institutional-grade underwriting on every engaged transaction and place credits with pre-qualified capital partners matched to the transaction's credit profile, structure, asset class, and geography.
Our expertise spans seven debt silos: Conventional Multifamily (Agency and LifeCo), CMBS and Conduit, Bridge and Structured Debt, SBA 7(a), SBA 7(a) 100% CRE, SBA 504, and Student Housing, with a Hospitality Owner's Representation overlay led by principals with direct owner-operator experience across the full asset lifecycle. Our quantitative underwriting platform applies institutional credit standards across every transaction, delivering depth, consistency, and turnaround speed.
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Connect with Cornovus Capital
Conventional multifamily financing supports acquisitions, refinancings, recapitalizations, and long-term permanent financing strategies for stabilized and transitional multifamily assets through Agency (Fannie Mae and Freddie Mac), LifeCo, CMBS, HUD, and bridge executions. For active acquisition, refinance, recapitalization, or expansion opportunities, begin with the appropriate financing request. For early-stage discussions, use our inquiry path to confirm program fit and execution strategy.
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