Multifamily Financing Options Explained: Banks, Bridge Loans, Fannie/Freddie, CMBS, and Hard Money E05

In this episode Todd explains common financing types used in multifamily commercial real estate. He describes community bank and credit union loans for smaller deals (typically recourse), bridge debt used to fund value-add acquisitions with short-term, often interest-only structures and lender-controlled CapEx reserves, and long-term agency financing through Fannie Mae and Freddie Mac for stabilized assets (generally requiring ~90% occupancy for 90 days and experienced operators). He also covers CMBS loans, how they are securitized, why they can be more difficult and expensive to close, and that they are typically non-recourse like agency loans. He distinguishes non-recourse from recourse and outlines “bad boy carve-outs” that can trigger personal liability, advising careful review of guarantee terms. He briefly mentions hard money loans as high-interest, lower-leverage, higher-risk/rescue capital and notes HUD as another long-term stabilized product not usually suitable for a first deal.Connect with Todd:https://www.instagram.com/officialtoddrobinsonhttps://www.linkedin.com/in/toddnrobinsonhttps://www.tiktok.com/@syndicationexpert