Multifamily Property Financing

Leverage Greystone's Multifamily Expertise

For more than 35 years, Greystone has been a trusted leader in multifamily lending and commercial real estate finance. Our deep relationships with HUD, FHA, Fannie Mae, and Freddie Mac enable us to navigate complex loan processes efficiently—helping clients close deals with confidence and speed.

Borrowers choose Greystone as we offer:

Comprehensive Capital Stack: From debt to equity, Greystone offers a full range of multifamily financing solutions tailored to your project needs.
Proven Scale: Over $12 billion in loans financed in 2024, delivering results across markets nationwide.
Trusted Servicing Partner: With a $100+ billion servicing portfolio, our dedicated team supports you long after closing, ensuring lasting success.

Contact Greystone to leverage decades of expertise, deep industry relationships, and creative financing strategies that drive multifamily success.

Connect with an Expert

Multifamily Property Financing

Direct Agency Lending

To secure the best financing for your multifamily assets, leverage our deep-rooted connections with:

A Range of Financing Options

Our creative financing solutions cover the full capital stack, covering your needs:

CMBS
Bridge loans
Preferred Equity

Streamlined Loan Process

Our dedicated team ensures a smooth and efficient loan process from application to approval, making it easier than ever to secure the right financing for your multifamily assets.

Case Study

Multifamily Financing in Houston, TX

$47M

Total Closed

674

Units

THE SITUATION

The borrower sought to refinance a two-property multifamily portfolio totaling 674 units in Houston, Texas. The well-maintained, garden-style communities featured strong occupancy and ongoing renovations, with 65% of units already upgraded. The goal was to secure long-term financing to support continued improvements and stabilize operations amid strong demand for affordable housing in the Houston market.

THE SOLUTION

Greystone provided $46,972,000 in Freddie Mac financing to refinance the portfolio. The loan structure offered non-recourse, fixed-rate terms tailored to the properties’ performance and ongoing capital improvement plan.

THE RESULTS

The refinancing allowed the borrower to lock in favorable, long-term fixed-rate financing while maintaining operational flexibility. Proceeds supported continued renovations and capital improvements aimed at enhancing resident experience and property value. By securing permanent financing on stabilized assets with strong occupancy, the borrower reduced interest rate exposure and ensured predictable cash flow within a growing Houston submarket.

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These financings aren’t just about lowering rates or achieving proceeds—they’re about setting owners up for long-term success and improving the quality of housing in the communities we serve."

Gill Dolan

Managing Director, Greystone

Multifamily Loan Program Term Sheets

Recent Transactions

Mixed-Use, Multifamily Financing

Debt-Placement

$26.5M

121 Units | Lakeland, TN

Multifamily Financing

Freddie Mac Loans

$41.7M

318 Units | Smyrna, GA

Multifamily Financing

Fannie Mae Loans

$16.5M

104 Units | Norfolk, VA

Multifamily Financing

Freddie Mac Loans

$32.1M

270 Units | Little River, SC

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Frequently Asked Questions

Multifamily financing is commercial real estate financing used to acquire, refinance, develop, or rehab properties with multiple residential units, typically 5 or more units per building. Financing options include Fannie Mae, Freddie Mac, FHA/HUD, Bridge, CMBS, and other commercial lending solutions. Greystone offers a range of multifamily financing options to help borrowers identify the right capital solution for their properties and investment goals.

Multifamily loan requirements vary by lender and program. Most agency multifamily loans are designed for properties with five or more residential units. Lenders typically evaluate property cash flow, occupancy, property condition, debt service coverage ratio, and loan to value along with borrower financial strength and experience. Loan-to-cost thresholds and equity requirements vary. Properties undergoing renovations or lease-up that are transitional may benefit from bridge financing before qualifying for permanent financing.

Fannie Mae and Freddie Mac both offer competitive, long-term financing for eligible multifamily properties. However, their programs differ in loan eligibility, underwriting requirements, pricing, and available financing structures. Both offer conventional and affordable housing financing options, with programs designed for different property types and loan sizes. As an approved lender for both agencies, Greystone can help borrowers compare available options and determine which program best aligns with their financing needs.

Multifamily loan terms vary based on the financing program, property, and borrower qualifications. Options may include fixed or floating interest rates, short- or long-term financing, amortization periods of up to 30 years (35 year amortization is offered on a case-by-case basis), and interest-only payments for eligible loans. FHA/HUD financing may offer longer-term, fully amortizing options, while bridge loans can provide short-term financing for properties undergoing renovation, repositioning, or lease-up.

The amount a borrower can obtain through multifamily financing depends on factors including property value, net operating income, occupancy, loan-to-value ratio, and debt service coverage. Minimum and maximum loan amounts vary by program, with some options designed for smaller properties and others supporting large multifamily investments. Greystone can evaluate a property’s financial performance and financing objectives to help determine available loan proceeds.

Closing timelines for multifamily loans depend on the financing program, property characteristics, and complexity of the transaction. Factors such as underwriting, appraisals, property inspections, third-party reports, and required documentation can affect the process. Agency, FHA/HUD, and bridge financing programs may have different timelines. Working with an experienced lender like Greystone can help borrowers understand requirements, anticipate potential delays, and navigate the financing process efficiently.

The right multifamily loan depends on the property’s size, occupancy, financial performance, condition, and investment strategy. Borrowers should compare interest rates, leverage, loan terms, prepayment provisions, and closing timelines. With financing options spanning Fannie Mae, Freddie Mac, FHA/HUD, bridge, and CMBS Greystone can help borrowers evaluate programs and identify an appropriate financing strategy.