Multifamily
Agency vs. Bridge for Multifamily
When agency execution wins, when a bridge is the right tool, and how to plan for the transition.
April 1, 2025 · Kismet Kapital
Agency lenders remain the deepest source of permanent multifamily debt, but agency execution is not always available — or optimal — for every business plan.
When bridge wins
Lease-up, value-add, and acquisitions with sub-stabilized operations typically need a bridge to get the asset to a point where agency execution is achievable.