Following the success of its bridge lending program, Ease Capital has launched a new fixed-rate loan program in partnership with a major bank. The new multifamily and mixed-use permanent financing program offers competitive 5, 7, or 10-year loans ranging from $5 million to $50 million for stabilized and near-stabilized properties.
Ease is now positioned to offer comprehensive financing solutions for small balance and lower mid-market clients throughout the entire property lifecycle.
With agencies tightening underwriting standards and banks retreating from the small balance and lower mid-market sectors—which make up 60% of loans—securing permanent financing for maturing multifamily properties has become increasingly challenging. Ease Capital, focusing on the often-overlooked small balance and lower mid-market segment, which comprises over 98% of multifamily properties, is now well-equipped to provide full-lifecycle solutions, from construction completion to permanent financing.
“For multifamily borrowers seeking flexible, interest-only permanent financing with maximum proceeds, this program is ideal,” said Barclay Lynch, Head of Loan Originations at Ease Capital. “We expect to close over $300 million in bridge loans this year, and this new program complements our existing transitional loan business, allowing us to better meet our clients’ permanent financing needs.”
The new loan program offers non-recourse, interest-only loans from $5 million to $50 million for stabilized and near-stabilized multifamily and mixed-use properties. Pricing is set at Treasuries + 200-300 basis points, depending on leverage and term. Under the partnership terms, Ease manages all sourcing, sizing, and underwriting internally, with all loans being securitized.
