Fixed & Floating Rate Fannie Mae Multifamily Lending Option for Small Apartment Loan Seekers
Fannie Mae multifamily lending option is symbolized as the highly valued gem in the small building apartment loans category. The Fannie Mae multifamily lending comes with federally guaranteed mortgages and is considered one of the largest multifamily loan programs across the countryside.
When it comes to financing multifamily property including student housing, assisted living, affordable housing and other healthcare facilities, mobile home parks and more, if there is no issue with prepayments, 9 out of 10 times, Fannie Mae multifamily lending offers the most competitive fixed rate and floating rate financing for apartment and other multifamily properties.
Besides, Fannie Mae multifamily lending is the largest single source to get the finance for a wide variety of multifamily properties including, high-rises, garden-style complexes, seniors housing, manufactured housing or even cooperatives. It is best to call that Fannie Mae multifamily lending is the single largest sources of capital to the multifamily housing market.
Why Fannie Mae Multifamily Lending Option Was Designed?
The Fannie Mae multifamily lending was designed for low cost execution, competitive pricing, reduced documentation and limited third party reports.
The program offers borrowers’ unmatched performance and value
Fannie Mae multifamily lending program comes with flexible terms and streamlined processing for apartment loan sizes up to $5 million.
Fannie Mae Multifamily Lending Pricing Notes:
$750,000 minimum loan size
Rates assume loan size above $10,000,000 or for properties with fewer than 50 units, affordable housing and mobile home parks
Pricing adjustments for loan sizes below $10,000,000 or for properties with 51 or more units
Rates quoted assume most attractive rates available and assume: excellent property quality, strong sponsorship, experienced management and strong market conditioner/major MSA
Non-resource
Interest only available
Open for prepayment with no penalty during last 3 months of the fixed term
Interest calculated on actual/360 basis
Rates are for conventional apartments only
75% maximum LTV for cash out refinances
Contact ALB Commercial Capital right away for affordable, student, seniors, manufactured and other Fannie Mae multifamily lending housing properties. Call our loan advisor to schedule a face-to-face meet for getting the details about Fannie Mae multifamily lending.
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