Multifamily Financing

Empowering multifamily investment strategies with tailored capital. Cornovus Capital delivers Multifamily Financing Solutions built for acquisition, refinance, and development of stabilized and transitional multifamily assets. Whether you’re repositioning a small portfolio or financing a large urban mid-rise, we help investors structure the right capital stack—with institutional execution and strategic support at every stage.

With over 60 years of combined experience and direct access to agency, HUD, LifeCo, bridge, CMBS, and bank lenders nationwide, we deliver unmatched flexibility and certainty of funding across the multifamily spectrum.

Program Highlights

  • Loan sizes from $1M–$100M+: Flexible financing for small-to-mid size portfolios and large-scale institutional assets.
  • Agency, HUD, LifeCo, CMBS, and bridge execution: Cornovus Capital delivers direct access to the full multifamily capital spectrum.
  • Acquisition, refinance, and construction support: Finance stabilized assets, value-add repositioning, or ground-up development.
  • Recourse and non-recourse options: Match your loan structure to your strategy and asset profile.
  • Certainty of execution: Our advisors manage the process from term sheet to close—with a focus on lender alignment, capital stack design, and closing assurance.

Who Qualifies?

  • Multifamily property owners: Investors seeking acquisition, refinance, or recapitalization strategies for stabilized or transitional assets.
  • Developers and sponsors: Ground-up builders and value-add sponsors needing bridge, construction, or permanent financing.
  • Portfolio operators: Investors with multiple properties seeking to consolidate debt, optimize structure, or expand regionally.
  • Affordable housing and workforce housing operators: Borrowers exploring HUD and agency options for long-term stability and leverage.

Eligible Property Types

  • Market-rate apartments: Class A, B, and stabilized C properties in urban, suburban, or tertiary markets.
  • Affordable and workforce housing: LIHTC properties, Section 8, and naturally occurring affordable housing (NOAH).
  • Student housing: Purpose-built or converted properties serving college or university populations.
  • Senior housing: Independent living, assisted living, and age-restricted housing.
  • Mixed-use with residential focus: Assets with a majority residential use and limited commercial or retail components.

Multifamily Loan Options

Conventional Bank Loan

Conventional multifamily financing is available through regional banks, credit unions, and national lenders. These loans are ideal for stabilized properties with strong cash flow and local market demand. Borrowers benefit from shorter-term structures and flexible underwriting—but often trade off leverage or amortization compared to agency or HUD loans.

  • Loan size: $500K–$20M+
  • Typical terms: 5–10 year term, 20–30 year amortization
  • Leverage: Up to 75–80% LTV
  • Recourse: Often full or partial recourse
  • Prepayment: Typically declining or step-down penalties

Agency loan

Agency loans are ideal for stabilized multifamily properties with strong occupancy and cash flow. These non-recourse loans offer competitive rates, long-term amortization, and flexible prepayment options. Fannie Mae and Freddie Mac both offer small balance programs as well as standard underwriting for larger transactions.
  • Loan size: $1M–$100M+
  • Typical terms: 5–10 year fixed, 30-year amortization
  • Leverage: Up to 80% LTV
  • Recourse: Non-recourse with standard carve-outs
  • Prepayment: Yield maintenance or step-down

HUD 221(d)(4) and 223(f) Multifamily Loan

HUD multifamily loans are used for construction, rehabilitation, or acquisition of market-rate or affordable housing. These fully amortizing, non-recourse loans offer high leverage, low rates, and 35–40 year terms. The 221(d)(4) program supports new construction and major rehab, while the 223(f) program supports acquisitions and light-to-moderate improvements.
  • Loan size: $2M–$100M+
  • Typical terms: 35–40 year amortization (fully amortizing)
  • Leverage: Up to 85%–90% LTV
  • Recourse: Non-recourse with standard carve-outs
  • Prepayment: Flexible, based on program election

Bridge Loan

Bridge loans are short-term, interest-only loans used for acquisitions, value-add renovations, lease-up, or recapitalizations. Ideal for transitional assets, they provide time and flexibility to reposition a property before refinancing into a long-term permanent loan.
  • Loan size: $1M–$50M+
  • Typical terms: 12–36 months, interest-only
  • Leverage: Up to 80% LTC or higher with structure
  • Recourse: Often non-recourse with carve-outs
  • Exit strategy: Refinance into HUD, agency, or LifeCo permanent loan

CMBS Loan

CMBS loans are securitized, non-recourse loans used to finance stabilized multifamily properties. These loans are ideal for larger deals requiring high leverage, fixed-rate structures, and institutional execution. While flexible in terms of proceeds and asset types, CMBS loans include standardized servicing, defeasance prepay, and limited modification flexibility post-close.
  • Loan size: $2M–$100M+
  • Typical terms: 5–10 year fixed terms, 30-year amortization
  • Leverage: Up to 75%–80% LTV
  • Recourse: Non-recourse with carve-outs
  • Prepayment: Defeasance or yield maintenance

LifeCo Loan

Life companies offer low-leverage, long-term financing for Class A and core multifamily assets. These lenders prioritize strong sponsorship, low DSCR thresholds, and institutional-quality markets. LifeCo loans are best for borrowers seeking low rates and long-term certainty for high-performing properties.

  • Loan size: $5M–$100M+
  • Typical terms: 10–25 year fixed terms with 25–30 year amortization
  • Leverage: 55%–65% LTV
  • Recourse: Often non-recourse
  • Prepayment: Yield maintenance or flexible depending on strategy

Step-by-step process

  1. Submit an introduction form: Share your deal highlights and capital needs through our short intake form.
  2. Receive a tailored loan strategy: We analyze your scenario and provide multiple lending options based on your timeline and goals.
  3. Package your file: Our capital advisors collect underwriting materials and build your lender-ready loan request package.
  4. Engage the right lender: We submit your file to lenders who match your deal profile and transaction structure.
  5. Negotiate and close: Cornovus Capital manages due diligence, closing milestones, and lender communication to ensure a smooth close.

About cornovus capital

With over 60 years of combined experience, Cornovus Capital is a trusted financial partner specializing in business financing, commercial real estate lending, and hospitality funding solutions. We design customized capital strategies that help businesses acquire, expand, and optimize operations, ensuring long-term growth and financial stability.

Our expertise spans SBA 7(a) and 504 loans, CMBS and LifeCo financing, private capital solutions, and structured debt strategies. By focusing on certainty of execution and closing assurance, we guide businesses and investors through complex financial landscapes, securing funding tailored to their long-term objectives.

Why Partner with Cornovus Capital?

At Cornovus Capital, we understand that complex transactions require sophisticated financing solutions. Whether you’re acquiring a business, buying out a partner, expanding operations, or combining real estate into a growth plan—we deliver capital strategies designed for certainty and efficiency.

What Sets Us Apart?

Advisory expertise across business stages and sectors: We structure financing for acquisitions, expansions, partner buyouts, and practice ownership transitions.

Innovative capital structuring: We integrate seller notes, working capital, CapEx, and goodwill financing into efficient, customized capital stacks.

Lender alignment and competitive terms: We match each transaction with lenders who understand your industry—ensuring smooth approvals and favorable terms.

End-to-end execution and advisory support: From deal modeling and loan packaging to lender communication and closing, we manage the entire process to ensure successful outcomes.

For business owners, professionals, and entrepreneurs seeking flexible SBA financing, Cornovus Capital delivers strategic insight, execution certainty, and long-term support.

Contact Cornovus Capital

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