Top 10 Fannie Mae Multifamily Lenders: Expert Financing Solutions for 2023

Securing financing for multifamily properties is a critical step in the real estate investment process. Fannie Mae multifamily loans have emerged as a popular choice among the various options available. These loans offer competitive rates, flexible terms, and reliable funding options tailored to meet the specific needs of multifamily property investors. 

This article will explore the top 10 Fannie Mae multifamily lenders for 2023. These lenders have established themselves as leaders in the industry, providing expert financing solutions for multifamily investments.

1. Walker & Dunlop

Walker & Dunlop is widely recognized as a trusted leader in multifamily lending. With decades of experience and a strong reputation, they offer a comprehensive range of financing options for multifamily properties. Their team of experts provides personalized service and support, ensuring a smooth financing process from start to finish.


CBRE is a renowned commercial real estate service and investment firm. Their multifamily lending division offers comprehensive financing solutions for multifamily properties. With their extensive market knowledge and expertise, CBRE provides competitive rates and flexible loan programs to meet the diverse needs of investors.

3. Berkadia

Berkadia is a premier commercial real estate finance company focusing on multifamily lending. They offer various financing options, including acquisition, refinancing, and construction loans. Berkadia’s expertise and strong industry relationships enable them to provide innovative financing solutions to investors across the multifamily sector.

4. Wells Fargo

Wells Fargo is an established financial institution offering various financial products and services, including multifamily lending. With a dedicated team specializing in multifamily financing, Wells Fargo provides competitive rates, flexible terms, and reliable funding options for investors in the multifamily market.

5. Greystone

Greystone is a leading provider of commercial real estate lending and advisory services. They have extensive experience in multifamily financing and offer a wide array of loan programs to meet the unique needs of investors. Greystone’s commitment to exceptional customer service and its ability to navigate complex transactions make them a top choice for multifamily financing.

6. Newmark

Newmark is a prominent commercial real estate advisory firm offering multifamily lending services. Their expertise spans various sectors, including multifamily properties. Focusing on providing tailored financing solutions, Newmark’s team of professionals assists investors in achieving their financial goals.

7. JLL

JLL, a global professional services firm, specializes in real estate and investment management. Their multifamily lending division offers a range of financing options for investors. JLL’s worldwide presence and extensive network allow them to provide comprehensive solutions and support to multifamily investors worldwide.

8. Capital One

Capital One is a trusted financial institution with a strong presence in multifamily lending. They offer a range of loan programs designed to meet the needs of multifamily investors, including acquisition, refinancing, and construction loans. Capital One’s expertise, competitive rates, and personalized service make them a preferred choice for multifamily financing.

9. KeyBank

KeyBank is a leading regional bank known for its expertise in multifamily financing. They offer a range of loan programs and financing options tailored to meet the needs of multifamily investors. KeyBank’s commitment to building long-term relationships and providing exceptional service sets them apart in multifamily lending.

10. Arbor

Arbor is a specialized lender focusing on multifamily and commercial real estate financing. With their in-depth industry knowledge, Arbor offers a range of loan programs, including Fannie Mae multifamily loans. They have a strong track record of successful transactions and provide personalized service to investors seeking multifamily financing solutions.

Freddie Mac

Freddie Mac, also known as the Federal Home Loan Mortgage Corporation, is another prominent player in the multifamily lending market. As a government-sponsored enterprise, Freddie Mac offers a variety of multifamily loan products to meet the needs of investors. They provide competitive rates, flexible terms, and a streamlined financing process. With their commitment to supporting affordable housing and sustainable multifamily properties, Freddie Mac has become a trusted choice for many investors in the multifamily sector.


Choosing the right lender is crucial when seeking financing for multifamily properties. The top 10 Fannie Mae multifamily lenders mentioned in this article have established themselves as leaders in the industry, offering expert financing solutions tailored to meet the unique needs of multifamily investors. 

Whether you are acquiring, refinancing, or developing multifamily properties, consulting with these reputable lenders will provide you with competitive rates, flexible terms, and personalized service. With their extensive expertise and commitment to customer satisfaction, these lenders are well-positioned to meet your multifamily financing needs in 2023.


How do I choose the right Fannie Mae multifamily lender?

When selecting a Fannie Mae multifamily lender, consider factors such as their expertise in the market, reputation, range of loan programs offered, and the level of personalized service they provide. 

Research and compare multiple lenders to find the one that best aligns with your financing needs and goals.

Can I work with a Fannie Mae lender for small loan amounts?

Yes, Fannie Mae lenders offer loan programs specifically designed for small multifamily properties. These programs typically start at loan amounts as low as $750,000, providing financing options for investors interested in acquiring or refinancing smaller multifamily properties.

Do Fannie Mae lenders provide non-recourse financing?

Yes, Fannie Mae multifamily loans are commonly structured as non-recourse loans. Non-recourse financing limits the borrower’s personal liability in the event of loan default, providing an added layer of protection for investors.

Are Fannie Mae lenders limited to specific property types?

Fannie Mae multifamily lenders offer financing options for various property types, including conventional apartment buildings, affordable housing properties, senior housing communities, student housing, and manufactured housing communities. 

The flexibility in property types allows borrowers to explore financing options for various multifamily investment opportunities.

How long does the financing process take?

The timeline for Fannie Mae multifamily financing can vary depending on several factors, including the complexity of the transaction and the responsiveness of all parties involved. The financing process typically takes 45 to 60 days from application to closing. 

However, it’s important to note that timelines may vary, and it’s advisable to work closely with your lender to ensure a smooth and efficient process.

Can I prepay or refinance a Fannie Mae loan?

Fannie Mae multifamily loans offer prepayment options, allowing borrowers to pay off their loans before the scheduled maturity date. The specific terms and conditions of prepayment, including any applicable penalties or fees, can vary based on the loan agreement. 

Refinancing options may also be available, allowing borrowers to replace their existing Fannie Mae loan with a new loan that better suits their current financial needs and market conditions.

Are Fannie Mae multifamily loans available nationwide?

Yes, Fannie Mae multifamily lenders operate nationwide, offering financing solutions in various markets across the United States. While lenders may have specific geographic preferences or limitations based on their business strategies, options are available for multifamily properties in different states and regions.

Can I finance a property needing renovation with Fannie Mae?

Fannie Mae multifamily lenders often provide financing options for properties needing renovation or rehabilitation. These loan programs, such as the Fannie Mae Multifamily Affordable Housing (MAH) Rehab Loan, cater to investors looking to acquire or improve properties requiring substantial repairs or upgrades. These programs can finance acquisition and renovation costs within a single loan.

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