Every Type of Multifamily Financing Explained (From a Real Estate Attorney)

Описание: If you're serious about buying apartment buildings, you need to understand the capital stack.

In this video, I break down every major type of multifamily financing — from agency debt to bridge loans, CMBS, and even HUD financing — and explain when each one makes sense.

As a commercial real estate finance attorney and multifamily investor, I’ve structured and closed millions in apartment transactions. Most investors only learn one financing strategy. The professionals understand them all.

In this episode, we cover:

• Agency loans (Fannie Mae & Freddie Mac)
• Bridge debt and value-add financing
• CMBS loans
• HUD 223(f) and 221(d)(4) loans
• Local bank financing
• Recourse vs non-recourse
• Floating vs fixed rate debt
• Interest rate caps
• Supplemental loans
• Refinance strategy

Agency Debt
Fannie Mae
Freddie Mac
4

Agency loans are the backbone of stabilized multifamily financing. We break down how they work, DSCR requirements, prepayment penalties, and why non-recourse matters.

HUD Financing
U.S. Department of Housing and Urban Development
4

HUD 223(f) loans can offer long-term fixed debt — but they’re not for everyone. I explain timelines, leverage, and why legal structuring matters.

Whether you're buying your first 20 units or scaling past 1,000, financing strategy can make or break your returns.

Most beginners focus on the deal.
Sophisticated investors focus on the debt.

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