Multifamily Property Loans & Lending PROGRAM DETAILS
We offer nationwide solutions for your multifamily finance needs, including Fannie Mae, Freddie Mac, FHA and Bridge loans, among many other flexible options.
Why work with us?
- We can offer Industry-Leading terms
- Multiple Loan Products including Fannie Mae, Freddie Mac, FHA
- Take advantage of our diverse Nationwide Lender Network
- We assist & guide you through the whole cycle of the loan process
The reliability and consistency of the agency multifamily financing programs allow our clients to achieve their financing goals no matter the market climate. The combination of our diverse lender network and in-house expertise offers us the ability to customize financial terms under the Fannie Mae, Freddie Mac, FHA platforms and offer the most flexibility to the borrowers we work with.
Fannie Mae, Freddie Mac, FHA loan programs and offerings
- Multifamily Affordable Housing Financing
- Cooperative Apartment Financing
- Green Financing
- LIHTC Project Financing
- Manufactured Housing Communities Loans
- Military Housing Financing
- Seniors Housing Financing
MULTIFAMILY LOAN Requirements:
- Loan Amount: $1,000,000 minimum
- Loan Term: Up to 30 years
- Amortization: Up to 30 years
- Minimum DSC: 1.15
- Maximum LTV: Up to 90%
- Fixed Rate: Yes
- Adjustable Rate: Available. Convertible and non-convertible options available
- Eligible Properties: Multifamily, minimum five units
- Eligible Borrower: Single Asset Entity
- Occupancy Requirement: 85% physical occupancy, 70% economic occupancy
- Tax & Insurance Escrows: Monthly deposits required
- Replacement Reserves: Underwritten at a minimum $250 per unit per annum
- Recourse: Non-recourse with standard exceptions for fraud and misrepresentation can be waived for 100% restricted properties
- Commercial Space: Maximum 35% of net rentable area and maximum 20% of effective gross income
- Required Reports: Appraisal, Property Condition Assessment, Phase I Environmental
- Prepayment: Yield Maintenance and other declining prepayment options are available
- Assumable: Subject to approval and 1% fee
- Supplemental Loans: Eligible for secondary financing after 12 months
Why should you work with commercial finance partners?
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No Upfront Fees
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Purchase, Refinance or Cash Out
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Short and Long-term Financing Options
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Owner Occupied or Investment Properties
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We get Paid at Closing
