If you have an affordable property that serves workforce housing, you may want to consider Freddie Mac’s new loan program. Targeted Affordable Housing Express or TAH Express. Per Freddie Mac,Borrowers benefit from a condensed prescreen process, simplified non-negotiable legal documents and a standardized underwriting process, resulting in lower transaction costs. TAH Express also offers a “step-down” prepayment option, which provides more flexibility in the prepayment of these smaller loans.
These multifamily loans are designed to help borrowers who provide affordable housing service to the workforce community. Whether you are looking for a Freddie Mac Small Balance Loan, Fannie Mae Small Balance Loan or an Affordable Housing Loan, we will help guide you on your refinance. Hit apply now below to get in touch with a multifamily loan specialist.
Targeted Affordable Housing Express
Loan Amounts $1,000,000 – $10,000,000
With TAH Express you’ll benefit from easier prescreening, standardized underwriting and prepayment flexibility when financing stabilized properties under $10 million. Affordable Housing Loans just got Easier
• ARM and fixed-rate options
• Full-Term Interest Only Available
• Up to 80% LTV/1.20x min DSCR in Top Markets
• 30-year amortization
• Declining prepayment option
• Lower transaction costs
• Certainty of execution
Uncapped multifamily stabilized properties with one or more to the following affordable characteristics
• LIHTC properties in at least year 11 of their compliance period
• Long-term HAP Contracts
• Regulatory Agreements that impose rent/income restrictions
• Tax Abatements
• Section 8 Vouchers
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