MULTIFAMILY

Multifamily is our core asset specialty at PRIME - structuring financing across the capital stack for all transactions types, from stabilized acquisitions and value-add repositioning to ground up development.

From Agency lending to bespoke equity structures, we serve investment managers and developers with tailored financing strategies shaped by the asset's profile, market dynamics and business plan.

Senior Debt – Loan Restructuring – Equity Placements – Subordinate Debt – Structured Finance

AGENCY

Government-backed financing for multifamily in all market cycles.

Fannie Mae and Freddie Mac provide non-recourse financing through both fixed and floating-rate structures, providing high leverage and competitive terms – exclusively for multifamily, the only commercial asset class with dedicated federal support.

Government-backed loans for affordable & market-rate housing.

Backed by the U.S. Department of Housing and Urban Development – they provide the highest leverage and longest amortizations in the market, often with low fixed-rates and minimal recourse. Best suited for sponsors aligned with HUD's guidelines and timelines.

Conservative capital for core multifamily assets.

Life Insurance Companies offer low-leverage, fixed-rate, non-recourse financing with long terms and minimal reserves – ideal for stabilized, institutionally managed properties in top-tier markets.

Flexible, fast-moving capital for transitional deals.

Debt funds provide short to medium term, higher leverage, non-recourse financing. Ideal for value-add acquisitions, lease-ups, and ground up development – known for speed, creativity and structuring around the business plan.

Balance sheet lending with local market familiarity & conservative underwriting.

Banks offer recourse and non-recourse loans, typically with lower leverage and tighter covenants. Execution is driven by borrower financial strength and long-standing deposit relationships. Ideal for stabilized assets or borrowers seeking relationship-based capital with regional market insight.

FHA/HUD

BANKS

LIFE-CO

DEBT FUNDS

CMBS

Securitized, non-recourse financing with proceeds-driven execution.

CMBS (Conduit) lenders provide fixed-rate, non-recourse loans securitized into bond offerings. These executions often provide higher leverage than banks or life companies—but come with rigid structures, mandatory lockboxes, and limited flexibility. Sponsors trade relationship-based lending and customization for pooled capital with higher leverage and pre-set underwriting.

Debt Sources