Multifamily loan financing is specialized commercial real estate debt structured to acquire, refinance, renovate, or construct residential properties with five or more units. Thorne CRE provides tailored debt and equity capital solutions ranging from $5 million to over $100 million across diverse property classes and investment strategies.
Typical Multifamily Loan Sizes & Capital Tiers
We connect sponsors with deep capital markets relationships to accommodate mid-market acquisitions through institutional portfolio transactions.
- Mid-Market Acquisitions ($5M–$25M): Tailored debt placement for garden-style and mid-rise residential properties.
- Large-Scale Acquisitions & Refinances ($25M–$100M+): Financing structures for Class A/B mid-rise, high-rise, and multi-property portfolios.
- Construction & Development Financing ($10M–$75M+): Ground-up construction capital for experienced developers in high-growth submarkets.
Property Types We Finance
Thorne CRE structures capital for diverse residential property profiles, aligning specific debt parameters with underlying asset cash flows:
- Garden-Style Apartments: Low-rise suburban complexes ideal for capital improvement and value-add repositioning.
- Mid-Rise & High-Rise Apartments: Urban or suburban high-density assets suitable for core-plus or stabilized capital structures.
- Student Housing: Properties situated near university campuses requiring underwriting tailored to academic lease cycles and seasonal occupancy patterns.
- Senior Living Facilities: Independent living, assisted living, and memory care facilities requiring specialized healthcare real estate debt underwriting.
- Affordable Housing: Income-restricted developments utilizing Low-Income Housing Tax Credits (LIHTC) and federal subsidy programs supported by entities like Freddie Mac Multifamily.
Multifamily Loan Scenarios & Specializations
We align loan parameters with project stages to maximize return on equity:
- Acquisition Financing: Capital execution for properties from $10M to $50M, spanning stabilized assets and value-add turnarounds.
- Refinance Loans: Interest rate reduction, equity cash-out, or debt maturity extension strategies for assets valued from $15M to $75M.
- Value-Add Projects: Customized capital programs ($10M–$40M) designed to fund heavy interior/exterior renovations, address deferred maintenance, and reposition management. Learn more in our multifamily value-add financing case studies.
- Stabilized Assets: Long-term fixed-rate financing ($20M–$100M+) for Class A/B properties, often leveraged through agencies like Fannie Mae Multifamily.
- Construction & Development Loans: Debt placement for ground-up projects with total budget requirements between $20M and $100M+.
- Bridge-to-Permanent Financing: Short-term debt ($15M–$35M) for properties in lease-up or stabilization. Review our bridge loan success stories to see real execution examples.
For more insights on our advisory model, explore how our boutique CRE capital advisory simplifies complex transactions.
Frequently Asked Questions About Multifamily Loans
What is the typical loan-to-value (LTV) for multifamily acquisition loans?
Typical LTVs for multifamily acquisition loans range from 65% to 80%, depending on asset class, market location, sponsor experience, and stabilization status. Value-add projects may be underwritten based on future stabilized value.
Do you offer financing for properties with a lease-up component?
Yes, we structure specialized bridge financing for properties in lease-up. These short-term loans provide flexible capital during stabilization before refinancing into permanent agency or institutional debt.
What types of multifamily properties are considered “value-add” by Thorne CRE?
Value-add properties require physical capital improvements, operational repositioning, or remediation of deferred maintenance to bring below-market rents to full market potential.
Can Thorne CRE assist with financing for affordable housing projects?
Yes, Thorne CRE facilitates financing for affordable housing developments utilizing Low-Income Housing Tax Credits (LIHTC) and municipal subsidies, placing capital with specialized agency lenders.
What is the minimum loan amount Thorne CRE considers for multifamily properties?
Our typical minimum loan size is $5 million, though smaller loan amounts are evaluated for strong institutional sponsors or high-growth market opportunities.