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Prudential offers an expanded line of multifamily property financing options through Fannie Mae, Freddie Mac and our Agency Gateway Program.
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As a nationally recognized DUS® lender , Prudential provides permanent financing for the purchase or refinance of stabilized multifamily and specialized properties, including affordable, student, seniors, and manufactured housing.
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DUS™ Multifamily Mortgage
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DUS/ARM Multifamily Mortgage
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Credit Enhancement (fixed-rate and weekly variable-rate housing revenue bonds)
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Construction Loan Takeout for LIHTC
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Mezzanine (available behind DUS first mortgage)
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Extended maturity (fixed, floating)
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Structured ARM
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Early rate lock
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Yield maintenance
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Defeasance
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Structured prepayment options
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Supplemental loan program
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Non-recourse except for standard commercial carve outs
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Forward commitments
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Single asset substitution option
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Prudential Johnson Apartment Capital Express is a nationally recognized Program Plus® lender and provides permanent financing for the acquisition or refinance of stabilized multifamily and specialized properties, including student, seniors, and structured finance facilities.
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Capital Markets Execution
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Capped ARM Mortgages (priced over LIBOR or Freddie Mac Reference Bill)
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Fixed-to-Float options
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Credit Enhancement (fixed-rate and weekly variable-rate housing revenue bonds)
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LIHTC 9%
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Supplemental loan program
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Non-recourse except for standard commercial carve outs
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Fully amortizing loan structures
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Interest Only available on certain structures
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Early rate lock / Early spread lock
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Yield maintenance
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Defeasance
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Structured prepayment options
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Prudential’s Agency Gateway Program ("AGP") provides refinancing or acquisition financing for multi-family properties that have not achieved the stabilized operating levels required for permanent financing through Fannie Mae, Freddie Mac or FHA (each, an “Agency”) programs.
Our regional offices, located throughout the United States, are staffed with highly qualified and experienced loan officers, underwriters and analysts.
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Floating rate
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12 – 24 month terms
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Loans ranging from $5 million to $25 million
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Refinancing or acquisition financing of multifamily properties
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Recourse loans (amount of recourse determined on a loan-by-loan basis)
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LOAN PROGRAMS
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