{"id":109,"date":"2026-06-03T13:57:26","date_gmt":"2026-06-03T13:57:26","guid":{"rendered":"https:\/\/kennedymtg.com\/?page_id=109"},"modified":"2026-06-04T13:18:57","modified_gmt":"2026-06-04T13:18:57","slug":"life-company-loans","status":"publish","type":"page","link":"https:\/\/kennedymtg.com\/staging\/8888\/multifamily\/life-company-loans\/","title":{"rendered":"Life Company \/ Insurance Loans"},"content":{"rendered":"\n\n<p class=\"wp-block-paragraph\"><em>One-line summary: Long-term, fixed-rate, non-recourse financing from life insurance companies&#8217; general accounts, the lowest rates available in the market, with conservative leverage and a preference for prime properties.<\/em><\/p>\n\n\n\n<h3 class=\"wp-block-heading\">Best for<\/h3>\n\n\n\n<p class=\"wp-block-paragraph\">Owners of high-quality stabilized multifamily properties in primary or strong secondary markets with experienced sponsors and conservative leverage. Best fit for long-term holders who prioritize the lowest rate and the longest fixed-rate term, and who can accept lower proceeds in exchange.<\/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>Class A and Class B stabilized multifamily<\/td><\/tr><tr><td>Loan amount<\/td><td>$5 million minimum (varies by lender, some go lower)<\/td><\/tr><tr><td>Loan-to-value (LTV)<\/td><td>Up to 65%, sometimes 70% on the best deals<\/td><\/tr><tr><td>Debt service coverage (DSCR)<\/td><td>1.30x \u2013 1.40x minimum<\/td><\/tr><tr><td>Term<\/td><td>10, 15, 20, or 25 years (long-term fixed available)<\/td><\/tr><tr><td>Amortization<\/td><td>25 to 30 years, with interest-only periods available<\/td><\/tr><tr><td>Rate type<\/td><td>Fixed for the full term<\/td><\/tr><tr><td>Recourse<\/td><td>Non-recourse with standard carve-outs<\/td><\/tr><tr><td>Prepayment<\/td><td>Yield maintenance<\/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>Lowest rates available.<\/strong> Life company pricing is typically the best in the market, often 25 to 75 basis points inside agency for comparable deals.<\/li>\n<li><strong>Long-term fixed.<\/strong> 15, 20, and 25-year fixed-rate terms available, locking in pricing well beyond what agency programs typically offer.<\/li>\n<li><strong>Relationship lender.<\/strong> Unlike CMBS, life companies hold their loans on balance sheet. Your contact through the life of the loan is the original lender, making modifications and conversations smoother.<\/li>\n<li><strong>Conservative is a feature.<\/strong> Lower leverage means less debt service, more cushion, and a property that&#8217;s positioned to weather rent cycles.<\/li><\/ul>\n\n\n\n<h3 class=\"wp-block-heading\">Considerations<\/h3>\n\n\n\n<ul class=\"wp-block-list\"><li><strong>Lower proceeds.<\/strong> Maximum LTV is typically 65%, sometimes 70%, meaningfully below agency or CMBS. If you need higher leverage, this isn&#8217;t the right program.<\/li>\n<li><strong>Property quality requirements.<\/strong> Life companies focus on prime properties in strong markets with experienced sponsors. Class B-minus or below, tertiary markets, or first-time sponsors are typically not a fit.<\/li>\n<li><strong>Slower process.<\/strong> Life company underwriting is thorough and unhurried. 60\u201390+ days from application to close is typical.<\/li><\/ul>\n","protected":false},"excerpt":{"rendered":"<p>One-line summary: Long-term, fixed-rate, non-recourse financing from life insurance companies&#8217; general accounts, the lowest rates available in the market, with conservative leverage and a preference for prime properties. Best for [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"parent":487,"menu_order":8,"comment_status":"closed","ping_status":"closed","template":"page-templates\/program.php","meta":{"nf_dc_page":"","footnotes":""},"class_list":["post-109","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>Life Company \/ Insurance 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\/life-company-loans\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Life Company \/ Insurance Loans - Kennedy Mortgage\" \/>\n<meta property=\"og:description\" content=\"One-line summary: Long-term, fixed-rate, non-recourse financing from life insurance companies&#8217; general accounts, the lowest rates available in the market, with conservative leverage and a preference for prime properties. 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