Commercial & Multifamily Loans

Match the capital source to the property’s operating stage.

Stabilized apartment communities may qualify for bank or agency permanent financing, while acquisitions, renovation plans, lease-up periods and timing-sensitive transactions may require bridge capital before permanent execution.

The initial review focuses on current net operating income, occupancy, collections, unit mix, market rents, expenses, deferred maintenance and the sponsor’s plan for the property.

Size permanent debt to sustainable cash flow.

Permanent multifamily proceeds are generally constrained by both leverage and debt-service coverage. A supportable underwriting case distinguishes current operations from projected improvements and tests repayment capacity against realistic income, expenses and interest rates.

• Current rent roll and trailing 12-month operating statement
• Historical occupancy, concessions, collections and bad debt
• Capital improvement scope, budget and implementation schedule
• Sponsor experience, liquidity and equity contribution

Use bridge capital to reach permanent execution.

Bridge-to-permanent planning starts with the exit. Renovation, occupancy growth, expense normalization or operational improvements should create a credible path to the debt-service coverage and value required for bank or agency refinancing.