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.|
|Supplemental Financing||Supplemental Loans are available.|
|Prepayment Availability||Flexible prepayment options available, including yield maintenance and declining prepayment premium.|