Multifamily Financing in Florida
Agency, HUD/FHA, bank permanent loans, CMBS, and bridge-to-perm financing for garden-style apartments, mid-rise, high-rise, student housing, senior living, and affordable housing developments. Loans from $5M to $100M+.
Multifamily Loan Programs
The complete toolkit for multifamily financing, from acquisition to value-add repositioning.
Agency Lending
Fannie Mae and Freddie Mac loans are the backbone of multifamily financing. We access the best execution on fixed-rate 7, 10, 15, and 20-year products with options for recourse, non-recourse, or limited recourse structures.
- Fannie Mae and Freddie Mac programs
- Fixed-rate terms 7-20 years
- Strong pricing and execution
- Streamlined underwriting
HUD/FHA Multifamily Loans
Insured multifamily mortgages provide stability for acquisition, new construction, and rehabilitation of multifamily properties. Longer amortizations and favorable terms for diverse tenant communities.
- HUD Section 221(d)(4) & 223(f)
- Long amortizations (up to 35 years)
- Favorable for affordable/workforce housing
- Experienced lender relationships
Bank & Life Company Permanent
Traditional balance sheet lenders and life insurance companies offer stable, long-term financing with highly competitive terms for stabilized multifamily properties.
- Competitive fixed-rate terms
- Long amortization periods
- Strong lender relationships
- Best execution on stabilized assets
CMBS Multifamily Financing
Commercial mortgage-backed securities provide competitive, long-term fixed-rate financing for performing multifamily assets. Excellent terms on large portfolios and premium properties.
- Competitive fixed-rate execution
- Long lock-in periods
- Ideal for portfolios and premium assets
- Strong execution on multifamily pools
Bridge-to-Permanent
Short-term bridge financing for acquisition or value-add repositioning, with a planned permanent loan takeout. Flexible terms and quick closing to fund your business plan.
- Quick closings (10-30 days)
- Bridge-to-perm paths
- Value-add friendly terms
- Flexible underwriting
Multifamily Construction
Ground-up construction and substantial rehab financing for multifamily development. From bridge construction to permanent loan structures, we fund the build.
- Ground-up construction loans
- Substantial rehab financing
- Non-recourse options available
- Experienced construction lenders
Every Multifamily Asset Class
Specialized expertise across the full spectrum of multifamily property types and tenant communities.
Garden-Style Apartments
Suburban garden-style multifamily with direct access units, parking lots, and community amenities. Financing for stabilized and value-add properties.
Mid-Rise Apartments
4-12 story apartment buildings with amenities and modern construction standards. Strong execution on acquisition, refinance, and development loans.
High-Rise Apartment Towers
High-density urban and luxury apartment towers. Specialized financing for premium assets with complex structures and cash-on-cash requirements.
Student Housing
Purpose-built student housing near colleges and universities. Experienced with stabilized properties and forward-contract financing for development.
Senior Living & 55+
Active adult communities and senior housing with specialized underwriting. Experienced with independent living, assisted living, and memory care components.
Affordable & Workforce Housing
Tax credit and below-market-rate housing programs. Expertise with HUD, LIHTC, and local affordable housing requirements.
Featured Multifamily Deals
Recent multifamily transactions from Banyan's portfolio, demonstrating strength across property types and geographies.
Multifamily Financing Parameters
Representative loan terms and parameters. All programs flexible and subject to specific deal underwriting.
| Program | Loan Amount | Rate Type | Term | LTV / DSC | Typical Hold |
|---|---|---|---|---|---|
| Agency (FNMA/FMAC) | $5M - $200M+ | Fixed Rate | 7, 10, 15, 20 years | 75-80% LTV / 1.20x DSC | Stabilized / Core |
| HUD/FHA 221(d)(4) | $10M - $100M+ | Fixed Rate | 20, 30, 35 years | 80-85% LTV / 1.15x DSC | New Construction |
| HUD/FHA 223(f) | $5M - $75M | Fixed Rate | 30, 35 years | 75-85% LTV / 1.15x DSC | Stabilized |
| Bank Permanent | $5M - $250M+ | Fixed Rate | 5, 7, 10, 15 years | 70-80% LTV / 1.25x DSC | Stabilized / Core |
| CMBS | $5M - $500M+ | Fixed Rate | 10, 12, 15 years | 70-80% LTV / 1.25x DSC | Stabilized / Core |
| Bridge Financing | $5M - $50M | Fixed or Floating | 1-3 years | 65-75% LTV / N/A | Value-Add / Reposition |
| Construction Loan | $10M - $200M+ | Floating (usually SOFR +) | 24-36 months | 70-85% LTC / 1.25x DSC at Perm | Ground-Up Development |
Deep Multifamily Expertise
We specialize in multifamily financing. From garden-style to Class A towers, from affordable housing to luxury student communities, we understand the nuances and have the lender relationships that deliver results.
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Multifamily Specialists 45+ closed deals and $500M+ in lifetime multifamily volume
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Full Program Suite Agency, HUD/FHA, bank permanent, CMBS, and bridge — all programs available
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Preferred Lender Status Banyan has preferred lender status with major agencies and lenders, ensuring fast processing and best execution
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100% Independent No ties to capital sources — we find the best rate and terms for you
Frequently Asked Questions
What loan programs are available for multifamily properties?
Multiple financing paths exist for multifamily: Agency loans (Fannie Mae, Freddie Mac), HUD/FHA programs, bank permanent loans, CMBS (commercial mortgage-backed securities), bridge loans, and construction financing. Each has unique advantages depending on your property type, stabilization level, and timeline.
What is the minimum unit count for multifamily financing?
Commercial multifamily financing generally requires a minimum of 5 units to qualify for institutional lending. Smaller properties (1-4 units) are typically underwritten as residential and use portfolio or non-conforming lending. For commercial programs, 5+ units opens access to all major financing sources.
Can I get non-recourse financing for multifamily?
Yes. Agency programs (Fannie Mae, Freddie Mac) and CMBS loans both offer non-recourse or limited-recourse options. These are ideal for institutional sponsors who want to limit personal liability while financing stabilized multifamily assets. Non-recourse terms are competitive and increasingly common.
What LTV can I get on a multifamily acquisition?
LTV for multifamily acquisitions typically ranges from 70% to 80%, depending on the property type and stabilization level. Stabilized, core properties may reach 80% LTV with strong sponsorship. Value-add or non-stabilized properties may see lower LTV (65-75%). Debt service coverage ratio (DSC) requirements also factor into total leverage available.
How long are multifamily loan terms?
Multifamily loan terms are flexible and depend on the program. Fixed-rate permanent financing typically offers 5, 7, 10, 12, or 30-year terms. Agency loans often feature 7-20 year fixed rates; HUD/FHA programs offer longer amortizations (up to 35 years). You can select the term that matches your holding period and exit strategy.
Do you finance value-add multifamily deals?
Absolutely. We source bridge loans for value-add multifamily acquisitions and repositioning, then help you refinance into permanent financing once the property stabilizes and NOI improves. This "bridge-to-perm" strategy maximizes leverage while allowing time to execute your business plan and increase property value.
Ready to Finance Your Multifamily Property?
Contact us for a rate quote, program comparison, or to discuss your specific deal structure.