We work with many Wholesale lenders to offer a variety of programs. Wholesale lenders play a crucial role in providing capital for multifamily housing projects, including those focused on affordable housing. These lenders offer a range of financing options, such as Low-Income Housing Tax Credit (LIHTC) equity, bond financing, and government-sponsored enterprise (GSE) loans. Here are some notable wholesale lenders specializing in these areas:
🏦 Notable Wholesale Lenders we work with for Multifamily and Affordable Housing
1. Ready Capital
Specialties: Affordable multifamily loans, including LIHTC financing and bond transactions.
Capabilities: Facilitated over $7 billion in LIHTC financing for 75,000 apartment units.
Programs: Offers first-mortgage loans on affordable rental properties with private placement or direct-purchase of tax-exempt and taxable bonds on 4% LIHTC transactions.
2. Merchants Capital
Specialties: Affordable housing finance, including LIHTC equity and GSE loan programs.
Capabilities: Closed $174.8 million in 4% LIHTC equity and $48.7 million in Freddie Mac Unfunded Permanent TEL Forward financing.
Programs: Offers a range of financing structures for affordable housing development in partnership with agencies like Freddie Mac and various housing finance agencies.
3. East West Bank
Specialties: Affordable housing lending, including credit enhancements for bonds and tax credit financing.
Capabilities: Funded over $1 billion in approximately 100 affordable housing projects totaling over 15,000 individual units.
Programs: Provides construction financing for affordable housing projects that utilize tax credits as part of their financing.
4. Simple Commercial Capital
Specialties: Government-sponsored loans for multifamily properties, including affordable housing.
Capabilities: Offers fixed and floating rate loans with loan amounts ranging from $1M to $100M+, and terms from 5 to 30 years.
Programs: Provides financing for purchase, refinance, and construction of multifamily, student housing, senior housing, and affordable housing properties.
5. MCF Wholesale
Specialties: Portfolio lending for multifamily properties, including bridge loans and ground-up construction financing.
Capabilities: Offers loan amounts from $75K to $4M with terms ranging from 6 to 24 months.
Programs: Provides flexible lending options for transitional financing needs and new residential construction projects.
