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Everfund is a highly-experienced, hands-on apartment and commercial mortgage advisory firm. We're led by Mike Spitalney, CEO, who brings nearly two decades of expertise sourcing debt for apartments, mixed-use and commercial properties.

 

We don't simply find loans. On every deal, Mike will be involved to advise you on the entire apartment loan process, from sourcing to underwriting to closing. We not only advocate for you, but we work to increase your knowledge throughout the entire process.

How do you make sure you get the best apartment loan?
Why Everfund?
Apartment Loan Options
  • Freddie Mac SBL Small Balance

  • Freddie Mac Standard CRE

  • Fannie Mae Small & Large Balance

  • Conduit / CMBS 

  • Insurance Company 

  • Bank and Credit Union

Mixed use commercial building with a metro rail going through it - Modern Real Estate Prop
Modern Apartment Complex
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  • 20+ years lending experience

  • Deep expertise and connections

  • Simple application process

  • Straight talk and transparency
  • Great client communication

  • Lowest rates and terms

There are many factors involved in choosing the ideal apartment loan, including rates, terms (such as interest only and amortization length), fees, recourse, leverage, prepayment requirements and much more. Most lenders have their own loan requirements and programs and offer little to no flexibility. The result? Lenders will try to make your situation fit their loans regardless of whether they have the best loan for you.

Finding the best loan requires a specialized firm like Everfund - one that has evolved with the industry, established relationships over decades and continues to research and stay current every day. 

Mike and his colleagues are experts in apartment and mixed-use property loans and will help you find the best loan solutions by quickly comparing lenders and loan programs across the U.S. This is only possible because of Mike's relationships and access to a variety of capital sources, including Freddie Mac, Fannie Mae, HUD, specialty lenders, life insurance companies, CMBS (conduit) lenders, many banks and credit unions, insurance companies and others.

Work directly with an expert...
...with the connections and options you need.
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Apartment and Multifamily Loans

Get access to loans your bank doesn't want you to know about.

Rates as of

1/28/2023

For Loans $1,000,000 to $7,500,000

Loan Term
Rates (as low as)
Max LTV
Amortization
5 years
4.35%
80%
Up to 30 years
7 years
4.51%
80%
Up to 30 years
10 years
4.48%
80%
Up to 30 years
15 years
4.59%
80%
Up to 30 years

For Loans of $7,500,000 and above

Note:  The above rates are indicative of the lowest rates possible currently for 30-year programs. However, rates for multifamily properties are never "one-size-fits-all". Rates vary based on many factors, including property location, loan to value ratio, property condition, debt coverage, type of prepayment penalty, and owner experience and financial strength. Contact us to discuss options right for you.

Loan Term
Rates (as low as)
Max LTV
Amortization
5 years
4.15%
80%
Up to 30 years
7 years
4.30%
80%
Up to 30 years
10 years
4.32%
80%
Up to 30 years
15 years
4.39%
80%
Up to 30 years
Apartment Loan Rates:
  • Rates from 4.15% (as of 1/28/2023)

  • Options for small or large properties

  • Up to 80% loan-to-value (LTV)

  • No upfront costs or fees
  • Unlimited cash-out
  • Non-recourse 

  • No tax return programs

  • Up to 30-year amortization

  • Interest-only up to 10 years

  • Long-term fixed rates up to 30-years

  • No balloon options

  • Rate lock at application

  • Bridge to permanent financing

Apartment Loan Features
Below are just some of the many features of apartment and mixed-use loans available: 

A great investment requires the right financing.

Contact us for your FREE quote or for a consultation about your needs.

The Freddie Mac Small Balance (SBL) program is an industry leader for multifamily (5+ units) financing. For loans from $1 million to $7.5 million, this program offers some unbeatable rates and terms, has flexible options like interest-only, plus is very low-cost compared to many alternatives. 

Freddie Mac competes head to head with Fannie Mae for loans in this size range. Fannie Mae used to be the leader, but Freddie Mac has become much more aggressive in recent years and now often offers better rates than Fannie Mae (often, but not always). For loans above $7.5 million, Freddie Mac has a Large Balance Loan Program that is also a strong option.

Freddie Mac Small Balance Loan (SBL) Program 
  • Very competitive interest rates

  • Up to 80% loan-to-value

  • Unlimited cash-out 

  • Non-recourse

  • Assumable

  • Interest rate lock at application

Freddie Mac SBL Apartment Loans - Features
  • Up to 10-years interest-only

  • 30-year amortization

  • 5, 7 and 10-year fixed rate options

  • No tax returns

  • Housing voucher (Section 8) financing

  • Bridge to Freddie SBL available

Rates as of

1/28/2023

For Loans $1,000,000 to $7,500,000

Loan Term
Rates (as low as)
Max LTV
Amortization
5 years
4.35%
80%
Up to 30 years
7 years
4.51%
80%
Up to 30 years
10 years
4.48%
80%
Up to 30 years
15 years
4.59%
80%
Up to 30 years
Freddie Mac SBL Apartment Loan Rates -

Even amidst the pandemic turmoil, 2021 was a great period for apartments. After the national difficulties of 2020, renewed job creation and a strong, broad economic recovery led to a surge in multifamily leasing. A record number of units were absorbed in 2021, driving the national multifamily vacancy rate down to the lowest end of year level in more than twenty years.

 

The average effective rent grew by a similarly large and historic margin. Fundamentals are projected to improve even further in 2022, though likely at a more usual pace following the "shock and recover" pattern seen the past two years.

 

With a more stable economic outlook, renter demand is expected to continue to grow. Accelerating household formation will likely drive absorption above the 400,000 apartment units predicted to come online this year.  Availability among Class A units started 2022 at one of the lowest rates since 2000. Demand for Class B and C units, classes with typically more fixed inventories, are also expected to improve this year as rising prices will likely cause some renters to be cautious and temper their budgets. Supply chain woes of early 2022 is causing raw material shortages, and that raises risks of construction delays. With all of these factors in mind, all multifamily classes are expected to perform quite well in 2022.

Multifamily Trends and Outlook Notes:

Sunbelt markets continue to show strongest performance.

Many coastal residents are moving to less costly, less densely populated metros. Expect to see continued migrations to warmer weather markets and those with strong population expansions. Renter demand is also strongest in markets with the fastest economic recovery and rapid hiring. 

Housing demand is expanding into alternative types of dwellings.

Households are forming as quickly as residences can be built, driving some renters to other, sometimes more unique options. Millennials are seeking larger floor plans at lower costs, turning toward single-family group rentals and shared communal environments. Some are looking more at manufactured home communities where prices are lower than Class C spaces.

Rents are valuing pet-friendly and workspace options.

Some of the lifestyle trends that blossomed during the pandemic will not likely fade quickly. Pet ownership increased dramatically during the pandemic, and this has led to a rise in the need for pet-friendly properties. Similarly, the trend toward remote work is leading many to seek either larger square footage or co-working spaces within facilities.

U.S. Apartment Market Outlook 2022

Highlighted Closings

For loans over $5 million, Everfund originates loans under the Freddie Mac Conventional Loan platform. This program offers an array of financing for many different situations and property types, including Fixed-Rate, Affordable Housing, Seniors Housing, Student Housing, Mobile Home Park, Premier Lease-Up and Green Advantage.

Freddie Mac Conventional Apartment Loan Program
  • Very competitive interest rates

  • Up to 80% loan-to-value

  • Unlimited cash-out 

  • Non-recourse

  • Assumable

  • Interest rate lock at application

Freddie Mac Conventional Apartment Loans - Features
  • Up to 10-years interest-only

  • 30-year amortization

  • 5, 7 and 10-year fixed rate options

  • No tax returns

  • Supplemental loans available

  • Portfolio loans available

Rates as of

1/28/2023

For Loans $5,000,000 and Above

Loan Term
Rates (as low as)
Max LTV
Amortization
5 years
4.15%
80%
Up to 30 years
7 years
4.30%
80%
Up to 30 years
10 years
4.32%
80%
Up to 30 years
15 years
4.39%
80%
Up to 30 years
Freddie Mac Conventional Apartment Loan Rates -
Apartment and Multifamily Types and Uses
  • Apartment buildings with 5+ units

  • Apartment complexes with multiple buildings

  • High-rise apartment buildings

  • Mobile home parks

  • Affordable housing and properties with voucher tenants

  • Mixed-use properties with residential over commercial

  • Seniors housing

  • Portfolios of apartments or single-family properties

  • Bridge to permanent for apartments and mixed-use properties

We can help arrange financing for the following types of properties and situations:

More Details - Popular Apartment Loan Options

Learn about options your bank can't offer.

Contact us for loans and information your bank doesn't want you to know.

Nationwide Apartment Loans - $1 million to $10+ million
Access the best terms, lowest rates and highest leverage available.
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