Скачать или смотреть Understanding Freddie Mac Apartment Loans

For more information on Freddie Mac Loans please visit us at https://www.commercialloandirect.com/...

The Small Balance Program is for the acquisition or refinance of small balance loans providing liquidity, stability, and certainty of execution to the affordable rental housing market nationwide.

Key Benefits of the Freddie Mac Small Balance Program are as follows.

Financing of small balance loans using hybrid ARM or fixed-rate mortgage products, offering partial-term and full-term interest-only, A Streamlined processes during pricing, underwriting, closing and funding as well as Competitive pricing and Streamlined loan documents

Property types eligible are as follows:

Conventional multifamily housing with five residential units or more, including conventional housing with tax abatements and Section 8 vouchers.

Loan amounts range from $1-5MM
Max LTV is 80%
Term length ranges from 5-10 years.
The terms are fixed that either balloon or roll over to a 20 year hybrid
Amortization goes up to 30 years
The prepayment penalty is yield maintenance, 5% declining, or 3% declining
Small Balance loans are Non-recourse
The borrower Can rate lock up to 120 days in advance of closing
Additional loan features are as follows: The borrower can choose to have cash out, , small balance loans are assumable, replacement reserves and insurance escrow is waived, tax escrow is waived for LTVs at 65% or lower, credit score is a minimum of 650 or better, last but not least, the borrower’s net worth needs to be equal to the loan amount and their liquidity needs to be equal to 9 months of debt service payments.

For more information please visit us at https://www.commercialloandirect.com/.

You may contact us at 800-687-0797

CLD Capital, Inc.
3399 Peachtree Rd NE
Suite 1750
Atlanta, GA 30326