We focus on assisting small to mid-sized multifamily developers, a niche often ignored by larger institutional investors. FAST’s preferred equity is designed to complement our clients’ traditional construction loan and achieve lender equity requirements.
FAST provides up to 80% combined LTC for 100 to 300 unit apartment projects with total project costs of $10MM to $60MM.
Our investments range from $1.5-$6MM, filling 5-15% of the capital stack on top of typical 60-70% LTC bank construction loan.
Preferred equity can be used as faster closing alternative if being delayed by HUD221d4
what is preferred equity?
financing details