Multifamily Property Loans

It’s not easy to be a multifamily property owner. It’s more than collecting rent checks and maintaining an investment property. Many times it means fixing leaks, repairing walls and trying to keep tenants happy.

A special team of First National loan officers understands that owning a multifamily property is like running a small business with the properties as your assets and the tenants as your customers. These experts also know what it takes to keep your business running smoothly. That’s why First National is the first choice for financing among experienced multifamily property owners and developers.

Whether you’re looking to purchase or refinance, First National has you covered with several multifamily property loan programs, including the state's only Fannie Mae direct lender for multifamily properties. Whatever your needs, First National can tailor a loan that's right on the money.

Loan Options

From loans for purchase of a multifamily home to refinancing the property for equity extraction to use for improvements, First National offers a range of choices and terms tailored to meet your needs.

Fannie Mae Mflex® Multifamily Loans

Designed for properties of five or more units, Fannie Mae Mflex loans can be used for acquisition or refinance of properties. Not only are the interest rates some of the best around, but when refinancing with an Mflex loan, equity extraction may be a possibility. First National has launched the state’s only Mflex initiative.

Alaska Housing Finance Corporation loans

Designed for acquisition and moderately rehabilitating five-unit and larger properties. First National is an approved AFHC lender and servicer.

Bank-Held Loans

First National also offers bank-held multifamily loans to provide more options for borrowers.

To find out which loan is right for you, call Vice President Louise Bourcier, chief multifamily loan underwriter, at 777-3596. She can get you started and help you through the process.

Local Loan Servicing

There’s a big difference between a loan serviced right here in Alaska by Alaskans and a loan administered by someone thousands of miles away.

Whether you're applying for a loan, negotiating terms or need help at any time during the life of the loan, the friendly, experienced Alaskans at First National deliver fast, responsible service.

Experience Matters

With more than 80 years experience helping Alaskans succeed, no other lender offers the expertise and local savvy to assist you in every step of the process. First National’s experienced multifamily lenders can help you find the best loan for you.

Photo caption: American Multiplex Rick Mystrom with First National Vice President Louise Bourcier.

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The articles and opinions in this publication are for general information only and are not intended to provide specific advice or recommendations for any individual. We suggest you consult your attorney, accountant, financial or tax adviser with regard to your individual situation. Entire publication. For publication information, call (907) 777-3409.


PO Box 100720 · Anchorage, Alaska 99510-0720
Local Phone: 907-777-4362 · Toll Free: 1-800-856-4362