Fannie Mae Small Balance Apartment Loans.

Fannie Mae Small Balance Apartment Loans. 2018-05-18T06:01:34+00:00

Fannie Mae Small Apartment Loans

Fannie Mae’s Multifamily Mortgage Business offers a streamlined loan process for fixed- and variable-rate mortgage loans up to $3 million nationwide and up to $5 million in certain eligible markets.

Loan Amount Up to $3 million nationwide Up to $5 million in certain eligible markets
Term 5 – 30 years.
Amortization Up to 30 years.
Interest Rate Fixed- and variable-options available.
Maximum LTV 80%.
Minimum DSCR 1.25x.
Supplemental Financing Supplemental Loans are available.
Prepayment Availability Flexible prepayment options available, including yield maintenance and declining prepayment premium.
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Benefits

  • Low cost of execution

  • Competitive rates

  • Delegated model provides lenders and borrowers speed of execution

  • Team with experience and scale to support this unique market

  • Single asset security allows the most flexibility in the market

  • Extensive experience serving the small loan market

  • Streamlined third-party reports

Eligibility

  • Conventional properties; Multifamily Affordable Housing Properties; Cooperative Properties (market rate); and Manufactured Housing Communities.
  • Existing, stabilized multifamily properties
  • Properties with 5 or more units

  • Loans for acquisition or refinance