{"id":104,"date":"2026-06-03T13:57:26","date_gmt":"2026-06-03T13:57:26","guid":{"rendered":"https:\/\/kennedymtg.com\/?page_id=104"},"modified":"2026-06-03T21:16:02","modified_gmt":"2026-06-03T21:16:02","slug":"bank-portfolio-loans","status":"publish","type":"page","link":"https:\/\/kennedymtg.com\/staging\/8888\/multifamily\/bank-portfolio-loans\/","title":{"rendered":"Bank &#038; Credit Union Portfolio Loans"},"content":{"rendered":"\n<p class=\"wp-block-paragraph\"><em>One-line summary: Balance-sheet loans from regional and community banks and credit unions, the right tool for deals that don&#8217;t fit agency criteria, smaller loan sizes, value-add stories, or sponsors who prefer relationship-driven lending.<\/em><\/p>\n\n\n\n<h3 class=\"wp-block-heading\">Best for<\/h3>\n\n\n\n<p class=\"wp-block-paragraph\">Multifamily investors with deals that fall outside agency underwriting, either because the property isn&#8217;t fully stabilized, the loan size is below agency minimums, the sponsor profile doesn&#8217;t fit agency requirements, or the borrower wants the flexibility of a relationship-based lender. Also a fit for investors who already bank with a specific institution and can leverage that relationship.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\">Key terms (typical)<\/h3>\n\n\n\n<figure class=\"wp-block-table table-label-value\"><table><thead><tr><th>Attribute<\/th><th>Typical Range<\/th><\/tr><\/thead><tbody><tr><td>Eligible properties<\/td><td>Multifamily 5+ units; some banks finance smaller<\/td><\/tr><tr><td>Loan amount<\/td><td>$250,000 to $5 million+ (varies by lender)<\/td><\/tr><tr><td>Loan-to-value (LTV)<\/td><td>Up to 75%, sometimes 80%<\/td><\/tr><tr><td>Debt service coverage (DSCR)<\/td><td>1.20x \u2013 1.30x typical<\/td><\/tr><tr><td>Term<\/td><td>5, 7, or 10 years (often balloon)<\/td><\/tr><tr><td>Amortization<\/td><td>20 to 30 years<\/td><\/tr><tr><td>Rate type<\/td><td>Fixed for term, or floating with rate caps<\/td><\/tr><tr><td>Recourse<\/td><td>Most often recourse; non-recourse available for strong sponsors \/ deals<\/td><\/tr><tr><td>Prepayment<\/td><td>Often more flexible than agency; some have no prepay penalty after year 3<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n<h3 class=\"wp-block-heading\">Why borrowers choose this program<\/h3>\n\n\n\n<ul class=\"wp-block-list\"><li><strong>Flexibility on property condition.<\/strong> Banks will finance deals with current operational issues, deferred maintenance, or partial occupancy that agency programs won&#8217;t touch.<\/li>\n<li><strong>Faster close.<\/strong> Bank closings often complete in 30\u201345 days vs. 60\u201390 days for agency programs.<\/li>\n<li><strong>Smaller deals welcome.<\/strong> Sub-$1M loans that fall below agency minimums often find a home at a community bank or credit union.<\/li>\n<li><strong>Relationship-based.<\/strong> A good banking relationship can result in better terms over time, expanded credit access, and faster decision-making on future deals.<\/li><\/ul>\n\n\n\n<h3 class=\"wp-block-heading\">Considerations<\/h3>\n\n\n\n<ul class=\"wp-block-list\"><li><strong>Recourse is common.<\/strong> Most bank multifamily loans are recourse to the sponsor, which means personal guarantees. Non-recourse pricing is available for stronger deals and sponsors but typically costs more.<\/li>\n<li><strong>Balloon payments.<\/strong> Most bank loans amortize over 20\u201330 years but mature in 5\u201310 years, meaning you&#8217;ll refinance or sell at maturity. Plan the exit when you structure the entry.<\/li>\n<li><strong>Rates float more than agency.<\/strong> Bank pricing is typically higher than agency for stabilized deals, the tradeoff is the flexibility.<\/li><\/ul>\n","protected":false},"excerpt":{"rendered":"<p>One-line summary: Balance-sheet loans from regional and community banks and credit unions, the right tool for deals that don&#8217;t fit agency criteria, smaller loan sizes, value-add stories, or sponsors who [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"parent":487,"menu_order":3,"comment_status":"closed","ping_status":"closed","template":"page-templates\/program.php","meta":{"nf_dc_page":"","footnotes":""},"class_list":["post-104","page","type-page","status-publish","hentry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.7 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Bank &amp; Credit Union Portfolio Loans - Kennedy Mortgage<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/kennedymtg.com\/staging\/8888\/multifamily\/bank-portfolio-loans\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Bank &amp; 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