What are the different loan execution types available?

Do you know who to reach out for? Depending on what you are looking for, it is important to reach out to the right type of lender so you don’t burn bridges with them for the future but also so you don’t waste your own time.

If you're not sure what execution types are a good fit for your asset, check out our asset type guide here.

Below are the different execution types we have in Janover Pro and what they do. If you want to learn more about each of them, click on the link to read more.

Agency Loans (Fannie/Freddie) – Government-sponsored enterprise loans exclusively for multifamily properties, offered through Fannie Mae and Freddie Mac programs. These loans provide competitive fixed and floating rate options with high leverage, long-term amortization, and favorable terms for stabilized multifamily assets.

Balance Sheet – A loan funded directly by a bank or financial institution, held on their balance sheet instead of being sold to investors, often allowing for more flexible underwriting.

B-Note – A subordinate loan in a senior-subordinate loan structure. This type of financing enables borrowers to access more loan proceeds by “splitting” a large loan into two parts, though it may come with higher rates and less advantageous terms.

Bridge – Short-term financing used to “bridge” a gap until permanent financing is secured or a property is stabilized, often carrying higher interest rates and faster closing times.

CMBS (Commercial Mortgage-Backed Securities) – Loans pooled together and securitized into bonds, offering longer terms and fixed rates with no recourse, but with strict underwriting and prepayment penalties.

Construction – A short-term loan used to finance the development and building of real estate projects, typically requiring interest-only payments until the project is completed.

Fix and Flip – A short-term loan used by investors to purchase, renovate, and quickly sell a property for profit, often featuring fast approvals and high-interest rates.

Hard Money – A high-interest, short-term loan based on the asset’s value rather than the borrower’s credit, often used for quick acquisitions or distressed properties. The benefits of this loan type are in its high execution speed.

HUD Multifamily – Government-backed financing exclusively for multifamily properties, offering high leverage, long-term fixed rates, and non-recourse terms. These loans often have extensive underwriting processes but provide some of the most competitive rates available for qualifying multifamily projects.

Land Lease – A financing structure where the borrower leases land from a third party rather than purchasing it, often used in long-term development projects.

Lines of Credit – A flexible financing option that allows borrowers to draw funds as needed, often used for working capital, renovations, or property improvements.

Low-Income Housing Tax Credits (LIHTC) – A government program that provides tax credits to developers who build or rehabilitate affordable housing. While LIHTC itself is not a loan execution type, lenders that include it in their credit box typically offer loan programs designed specifically for LIHTC-supported projects. These may include construction loans, bridge loans, or forward commitments structured around the timing and equity from LIHTC awards.

LP/GP Equity – Equity contributions from Limited Partners (LPs) and General Partners (GPs) in a real estate investment, where LPs provide most of the capital and GPs manage the investment.

Mezzanine & Preferred Equity – A hybrid financing structure that sits between senior debt and common equity, often used to fill gaps in capital stacks with higher returns but greater risk.

Non-Bank Balance Sheet – Loans held on the books of non-traditional lenders (such as debt funds or private lenders) that can offer flexible terms outside of standard banking regulations.

PACE (Property Assessed Clean Energy) – A financing program that funds energy-efficient or renewable energy improvements for commercial properties, repaid through a property tax assessment.

Permanent – Long-term financing used to replace short-term or construction loans, typically offering fixed or adjustable rates over 10+ years.

Sale/Leaseback – A transaction where a property owner sells an asset and leases it back from the buyer, allowing them to free up capital while maintaining operational use of the property.

SBA 504 – A government-backed loan designed for small businesses to purchase fixed assets like real estate or equipment, offering long-term, fixed-rate financing with low down payments.

SBA 7(a) – A versatile small business loan backed by the SBA that can be used for real estate, working capital, or refinancing existing debt, typically featuring flexible terms and lower down payments.

USDA 538 – A government-backed loan program that provides financing for multifamily properties in rural areas that cater to lower- and moderate-income families, often with low interest rates and favorable terms.