We recognize that a lot of smaller apartment properties have specific financing and loan needs. The Fannie Mae Multifamily Small Loan program has product offerings designed to meet the needs of smaller multifamily projects.
We understand the value of small balance Loans to smaller multifamily properties. These apartment projects play a significant role in the rental housing market and tend to be more affordable and a valuable source of housing for working families.
The Fannie Mae small balance loan program uses the Delegated Underwriting and Servicing model, which allows for streamlined processing and reduced costs to the multifamily borrower.
Not sure if the Fannie Mae Small Balance Loan program is good for you and your apartment project? There are some key differences between the Fannie Mae Small Balance Loan Program and the Freddie Mac Small Balance Loan Program. Let us help. We can provide guidance to you and make sure you have all the information available when making this important decision about your next Multifamily Loan.
Fannie Mae Small Balance 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.|