Who advises on a $10 million apartment refinance?
Talk to PeerSense. The capital source sets the terms.
PeerSense advises on a $10 million and up apartment refinance by matching the file to tracked source boxes: 78 multifamily programs lend on apartment property, with median maximum loan to value of 75 percent across 54 stated boxes, median maximum loan to cost of 80 percent across 18, typical rates of 8.00 to 12.00 percent across 32, minimum DSCR of 1.245 across 8, and median stated time to close of 14 days across 40. PeerSense is a commercial capital advisory in Westfield, Indiana. It reads the file against source criteria and presents it only where the box fits.
Who advises on the refinance
PeerSense is a commercial capital advisory in Westfield, Indiana. It tracks the credit boxes of direct capital sources. Each apartment refinance is read against those boxes, and the file goes only to sources whose stated criteria fit. The capital source sets terms and funds the transaction. PeerSense receives a referral fee at closing under a signed agreement, with nothing paid before closing. As of October 29, 2026, its tracked network held 3,095 active direct capital source boxes, read on a 14 day cycle.
Tracked multifamily program figures as of October 29, 2026
| Measure | Tracked figure | Programs stating the figure |
|---|---|---|
| Multifamily programs | 78 programs at $10 million and above | 78 programs |
| Median maximum loan to value | 75 percent | 54 programs state a maximum |
| Highest maximum loan to value | 90 percent | 54 programs state a maximum |
| Maximum loan to cost | 80 percent median | 18 programs |
| Typical rate band | 8.00 to 12.00 percent median | 32 programs |
| Minimum DSCR | 1.245 median | 8 programs |
| Median time to close | 14 days | 40 programs |
What the multifamily boxes show
At $10 million and above, 78 tracked programs lend on multifamily or apartment property. Of the 54 programs stating maximum loan to value, the median is 75 percent and the highest is 90 percent. Eighteen state maximum loan to cost, with a median of 80 percent. Thirty two state typical rates, with a median band of 8.00 to 12.00 percent; that band includes bridge and value add programs as well as stabilized debt. Eight state minimum DSCR, with a median of 1.245 and a low of 1.00. The desk view is that the property plan helps determine fit.
Bridge to permanent execution
A bridge to permanent path can start with a 12 to 36 month bridge, usually interest only with a balloon. The takeout is named before the bridge funds. Once the asset stabilizes, the takeout can be CMBS with a 10 year fixed rate and non recourse structure, or agency or bank permanent debt. The tracked multifamily boxes show a median time to close of 14 days among the 40 programs that state it. Timing matters alongside the stabilization path when weighing a bridge structure.
What the desk record says
A large apartment refinance depends on whether the property plan fits what capital sources accept and whether the closing timeline works. Over the 12 months to October 28, 2026, PeerSense received 150 files. Commercial real estate was its largest area, with 58 files. Eight reached terms or better, and 14 were at $10 million or more. This activity provides context, but each refinance still depends on the program criteria. PeerSense is a capital advisory firm.
Discuss the apartment refinance
Talk with PeerSense about matching the refinance to the tracked multifamily boxes.
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Questions About This Topic
What does PeerSense do for an apartment refinance?+
PeerSense is a commercial capital advisory in Westfield, Indiana. It tracks direct capital source credit boxes and reads the refinance against them. The file is presented only to sources whose stated box fits. The capital source sets terms and funds the transaction. PeerSense receives a referral fee at closing under a signed agreement.
What terms do tracked multifamily programs show?+
At $10 million and above, 78 tracked programs lend on multifamily or apartment property. Of the 54 stating maximum loan to value, the median is 75 percent and the highest is 90 percent. Eighteen state maximum loan to cost, with a median of 80 percent. Thirty two state typical rates, with a median of 8.00 to 12.00 percent. Eight state minimum DSCR, with a median of 1.245 and a low of 1.00.
Can a bridge refinance move to permanent debt?+
Yes. A bridge can run 12 to 36 months, usually interest only with a balloon. Its takeout is named before the bridge funds. After stabilization, the asset can move into CMBS with a 10 year fixed rate and non recourse structure, or into agency or bank permanent debt. The route depends on the bridge plan and later permanent financing.
How is PeerSense paid?+
PeerSense receives a referral fee at closing under a signed agreement. Nothing is paid before closing. The capital source sets the terms and funds the transaction. PeerSense’s role is to assess the file against tracked source criteria and present it only where the stated box fits.
Related on PeerSense
Editorial integrity: Published by PeerSense Capital Advisory · Written by Ed Freeman, Founder. PeerSense sources capital through a curated network of commercial lenders and capital sources. Content is for educational purposes and does not constitute financial, legal, or tax advice. Rates and terms cited reflect market conditions at the published date and may not match current quotes. Consult a qualified professional for transaction specific guidance.