Loan Programs > Commercial Real Estate > Affordable Multifamily loans

Affordable Multifamily Loans

Learn more about our multifamily affordable property loans that can be financed with private placement or direct-purchase of tax exempt and taxable bonds.


Ready Capital offers first-mortgage loans on affordable rental properties with private placement or direct-purchase of tax exempt and taxable bonds on 4% LIHTC transactions.

Our streamlined execution process includes the structuring of tax exempt and taxable bonds directly into sponsored investment funds. Advantages of our process include:

Affordable Housing Loans for Multifamily Properties

Our professionals combine extensive real estate experience with capital markets expertise to originate, underwrite, structure, close, and manage multifamily debt and equity investments.

Loan Terms

Loan Purpose Acquisition-rehabilitation
New Construction
Bridge-to-Bond LIHTC Transaction
Loan Amount $3 million to $100+ million
Loan Term 5 years to 17 years
LTV 90%
Closing Timeline 45-60 days from term sheet execution
Fees 1.00-2.00%
Minimum DSCR 1.15x
Amortization 40-45 years
Recourse Recourse through stabilization
Non-recourse thereafter
(except for industry-standard carve-outs)

Affordable housing lending at its best

Our team of professionals have deep industry expertise to offer affordable housing loan know-how and confidence through all markets and credit cycles.

Get an affordable multifamily quote

We'll need just a few details about you and your property to get you an accurate quote.