Stabilzed Multifamily properties

  • Debt Funds / Private Credit (bridge-to-stabilized exit)
  • LTV / LTC: 65–80%
  • DSCR: flexible/transitional
  • Term: 2–5 years
  • Recourse: negotiable]
  • Agency DUS Lenders (BEST RATES – but NOT easy)
  • Rates: ⭐ BEST in market
  • DSCR: ~1.25x required
  • Sponsor: must be clean
  • File must be perfect
  • Debt Funds / Private Credit (EASIEST)
  • DSCR: can go sub-1.0 or waived
  • Underwriting:
    • pro-forma income
    • business plan driven
  • Typical Agency Guidelines (FULL DOC)
    • LTV: up to 75–80%
    • DSCR: ≥1.25x
    • Loan: $5M–$100M+
    • Term: 5–10 yrs (fixed)
    • Recourse: Non-recourse

    👉 This is your BEST RATE execution — period

    STRONG AGENCY + BALANCE SHEET HYBRIDS

    • LTV: 60–70%
    • DSCR: 1.20–1.30x
    • Recourse: often required
    • Faster + relationship driven
  • PRIVATE / DEBT FUNDS (EASIER QUALIFY)
  • Guidelines (Debt Funds)
    • LTV: 65–80%
    • DSCR: flexible / can go low
    • Term: 2–5 yrs
    • Rates: higher

    • 🧠 Quick Comparison (Stabilized MF) Lender Type LTV DSCR Recourse Speed Best Use Agency (Fannie/Freddie) ~80% 1.25x Non Medium Core stabilized CMBS ~75% 1.25x Non Fast Edge / non-agency deals Banks 60–70% 1.20–1.30x Often recourse Fast Small / relationship Life Cos 55–65% 1.30x Non Medium Core+ / Class A Debt Funds 65–80% Flexible Mixed Fast Transitional HUD 85%+ ~1.20x Non Slow Max leverage