Multifamily Permanent Financing

You executed the business plan. Occupancy is up, rents are at market, and the property is stabilized. Now it’s time to lock in long-term debt that reflects the value you’ve created. QuadBlock Capital arranges multifamily permanent financing from $5 million to $30 million for sponsors who have completed their repositioning or lease-up and are ready for fixed-rate, long-term apartment loans.

When Permanent Financing Makes Sense

Permanent financing replaces short-term bridge debt with a long-term, fixed-rate loan that reduces your cost of capital and provides payment certainty. It’s the exit strategy for every successful value-add business plan. QuadBlock works with a network of agency lenders, life companies, and balance-sheet sources to place permanent apartment loans that match your asset profile, hold period, and return targets.

Our stabilized multifamily loan program serves the lower middle market — the $5M to $30M space where sponsors need a financing partner who understands both the capital markets and the operational realities of running a mid-size apartment portfolio.

Loan Terms

• Loan Amount: $5,000,000 – $30,000,000
• Term: 5, 7, or 10 years (longer terms available)
• Rate: Competitive fixed rates
• Amortization: 25–30 year schedules
• LTV: Up to 75%
• Prepayment: Yield maintenance, defeasance, or step-down options
• Geography: Nationwide (excluding CA, AZ, NV, UT, OR, ND, SD)

Ideal Scenarios for Permanent Multifamily Debt

• Bridge-to-Perm Refinance: A sponsor completes a 24-month value-add program, bringing occupancy from 75% to 94% and increasing NOI by 35%. QuadBlock places a 10-year fixed-rate permanent loan, returning the sponsor’s equity and locking in a sub-6% rate for the duration of the hold.
• Portfolio Consolidation: An operator with three stabilized apartment communities in the same MSA refinances all three into a single permanent loan, reducing administrative burden and improving overall debt terms through portfolio-level underwriting.
• Cash-Out for New Acquisitions: A sponsor refinances a fully stabilized 100-unit property, extracting $2M in equity to deploy into the next acquisition while maintaining comfortable debt service coverage on the existing asset.

Why QuadBlock for Permanent Multifamily Financing

QuadBlock Capital doesn’t just place permanent debt — we structure it to align with your investment strategy. Whether you’re holding long-term, planning a disposition in five years, or building a portfolio, we match the loan product to the business plan. Our multifamily refinance expertise means we understand what agency and life company lenders look for, and we prepare your deal package to maximize proceeds and minimize rate.

We also handle the transition from bridge to permanent financing seamlessly. If QuadBlock originated your bridge loan, we already know the asset, the business plan, and the numbers — which means a faster, smoother permanent placement with no learning curve.

Frequently Asked Questions

What is multifamily permanent financing?

Multifamily permanent financing is a long-term loan — typically 5 to 10+ years — secured by a stabilized apartment property. Unlike bridge loans, permanent loans carry fixed interest rates, amortizing payments, and are designed for properties with stable occupancy and predictable cash flow.

When should I refinance from a bridge loan to permanent debt?

The ideal time to refinance is when your property has reached stabilized occupancy (typically 90%+), your renovations are complete, and your net operating income reflects the value you’ve created. Refinancing too early may leave value on the table; waiting too long risks bridge loan maturity or rate increases.

What DSCR do I need for permanent multifamily financing?

Most permanent lenders require a minimum debt service coverage ratio (DSCR) of 1.20x to 1.25x, meaning the property’s net operating income must be at least 120-125% of the annual debt service. Stronger DSCR metrics can improve your rate and leverage.

Can I get cash out on a permanent multifamily refinance?

Yes. If your property has appreciated or your NOI has increased since acquisition, you can typically extract equity through a cash-out refinance. Maximum cash-out LTV varies by lender but generally ranges from 65% to 75%.