Multifamily Financing
Specialized financing for apartments, student housing, affordable housing, and build-to-rent communities
Deep Multifamily Expertise
Multifamily remains the most liquid commercial real estate asset class, with more capital sources than any other property type. George Smith Partners has financed billions of dollars in multifamily properties, from garden-style apartments to high-rise urban developments.
Our team understands the nuances of multifamily financing across different sub-types, markets, and business plans. We know which lenders prefer stabilized workforce housing versus luxury lease-ups, and how to structure financing for complex affordable housing transactions with tax credits and subordinate debt.
Multifamily Property Types
Market-Rate Apartments
Garden-style, mid-rise, and high-rise apartment communities serving the conventional rental market.
Affordable Housing
LIHTC, Section 8, and workforce housing with specialized capital structures and compliance requirements.
Student Housing
Purpose-built student housing near major universities with by-the-bed leasing structures.
Senior Housing
Independent living, assisted living, and memory care communities for the aging population.
Build-to-Rent
Single-family rental communities and horizontal multifamily developments.
Mixed-Use Residential
Multifamily with ground-floor retail, often in urban infill locations.
Multifamily Capital Sources
Agency Lenders (Fannie Mae/Freddie Mac)
The dominant multifamily capital source offering competitive rates, high leverage, and long terms.
- Up to 80% LTV
- 5-30 year terms
- Interest-only options
- Non-recourse execution
Life Insurance Companies
Conservative lenders offering the most competitive rates for high-quality stabilized assets.
- Best-in-market rates
- Flexible structures
- Relationship-based
- Portfolio lending
Banks & Credit Unions
Local and regional lenders with flexibility and relationship benefits.
- Flexible prepayment
- Construction-to-perm
- Bridge loans
- Full banking relationships
Debt Funds & CMBS
Alternative lenders for transitional assets and situations requiring flexibility.
- Value-add financing
- Higher leverage
- Lease-up financing
- Quick execution