Everfund is a highly-experienced, hands-on apartment and commercial mortgage advisory firm with nearly two decades of expertise sourcing debt for apartments, mixed-use and commercial properties. We don't simply find loans — we advise borrowers on every part of the apartment loan process, from sourcing to underwriting to closing. We advocate for clients and increase their knowledge throughout the entire process.

There are many factors involved in choosing the ideal apartment loan, including rates, terms (such as interest only and amortization length), fees, recourse, leverage, assumability, prepayment requirements and much more. Most lenders have their own apartment loan requirements and programs and offer little to no flexibility. The result? Lenders 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 the last 20 years and continues to research and stay current every day. 

As experts in apartment and mixed-use property loans, we help clients find the best loan solutions by quickly comparing lenders and loan programs across the U.S. We leverage our relationships to provide 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.

Apartment building loans are never "one-size-fits-all"
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
small old fashioned brick apartment building.jpg
  • 20+ years lending experience

  • Deep expertise and connections

  • Simple application process

  • Straight talk and transparency
  • Great client communication

  • Lowest rates and terms

New York Apartment Loans

Whether you have 8 units or 800, we can help you get the lowest rate and best terms for your New York multifamily loan. 

New York Apartment Loans - $1 million to $20+ million

Rates as of

9/28/2022

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. 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. 

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
New York Apartment Loan Rates
  • 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

March 25, 2022

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

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

Market Outlook 2022
New York

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 Aparment 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

March 25, 2022

For Loans $5,000,000 and Above

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

More Details - Popular Apartment Loan Options

A great investment requires the right financing.

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

Some of the Virginia Cities We Serve
  • Alexandria

  • Arlington

  • Bayview

  • Centreville

  • Davidson

  • Ellington

  • Alexandria

  • Arlington

  • Bayview

  • Centreville

  • Davidson

  • Ellington

  • Alexandria

  • Arlington

  • Bayview

  • Centreville

  • Davidson

  • Ellington

Some of the Virginia Regions We Serve
  • DMV / Northern Virginia

  • RVA / Richmond

  • Tidewater

  • Hampton Roads