How Multifamily Developers Are Moving Up The Capital Stack
When the bank says “no,” where’s a multifamily developer to go? It’s a question Taylor Johnson client Draper and Kramer, Incorporated, tackled in a recent byline for Multi-Housing News. Working in collaboration with our team, Mark Perkowski, vice president of Draper and Kramer’s Commercial Finance Group, outlined financing alternatives for developers looking to supplement – or even replace – loans from national and regional banks, which have been reluctant to finance more than 65% of project cost. The contributed piece, which was featured in MHN’s national “Finance & Investment” newsletter, walked through a range of options, including HUD/FHA loans, C-PACE financing, debt funds and more. Read the full article here.