Faced with higher rates, stricter bank underwriting and terms, and often pressure from maturing existing loans with low interest and high leverage, many in the multifamily space are finding traditional bank financing to be difficult to obtain.

GlobeSt.com spoke with some experts and found that, indeed, there are some alternative strategies beyond the GSEs, insurance companies, and the like that can work. However, as one noted, there are stubborn barriers that can make alternative financing inconsequential.

There are different ways of defining alternative financing. "I think we're all trying to figure out how to do deals again," Kevin Crook, director of acquisitions and dispositions of Investors Management Group, tells GlobeSt.com. "Are you trying to see what the future brings? You could do agency [or government sponsored enterprise like Fannie Mae and Freddie Mac, you could do mezzanine. There are plenty of things out there — fixed, floating [interest rates]."