Construction Loans for Multifamily Development

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Build Your Next Multifamily Project with Certainty and Speed

Whether you’re developing a mid-rise in a growing Sunbelt city or a large-scale urban community, this multifamily construction financing program offers the flexibility, leverage, and execution certainty serious developers require.

Why This Program Works for Developers

✅ Loan Size
From $5 million to $50 million, scalable for mid-market or institutional sponsors.

✅ High Leverage
Up to 75% LTC—ideal for well-capitalized developers seeking maximum efficiency in their capital stack.

✅ Flexible Structures
Choose from recourse or non-recourse options based on your project and partnership goals.

✅ Interest-Only with No Prepay Penalty
Cash flow optimized: loans are interest-only with no prepayment penalty, giving you room to breathe and exit early if needed.

✅ Term Flexibility
Up to 36-month terms, with extensions available to accommodate delays, lease-up, or market timing.

✅ Nationwide Coverage
Deals funded across all major U.S. markets, including urban cores, suburban hubs, and high-growth regions.

Recent Closings

$33M Construction Financing
27-Unit Luxury Condo
74% LTC

$28.5M Construction Financing
351-Unit Adaptive Reuse Conversion
72% LTC

$207M Ground-Up
438-Units
58% LTC

Northern Ridge Capital is a commercial real estate capital mortgage brokerage firm and is not a direct lender. We arrange financing through a network of third-party institutional and private capital providers. All loan terms, including rates and amounts, are subject to underwriting approval and may vary based on borrower qualifications and property characteristics.

Nothing on this website constitutes a commitment to lend. Funding availability depends on lender response times and borrower readiness. Please consult a licensed financial advisor for personalized advice.

DRE # 02093377