In the last year (announced in October 2014), the newest loan product to take the market by storm is the Freddie Mac Small Balance Loan. Small balance loans ($1-5M) comprise approximately 29% of the multifamily market and had only really been served by local and regional banks, whereas larger multifamily had Fannie and Freddie support.
The typical loan terms are:
Freddie SBL is beating bank loans since it offers:
Freddie SBL is beating Fannie Mae small balance loans since it offers:
How do you qualify for this great financing?
Property must be:
Borrower must be:
We currently have 15 Freddie Small Balance Loans closing or in underwriting currently. Please reach out to me to learn more about the program and see if it is a fit for your next multifamily acquisition or refinance: firstname.lastname@example.org or 214-300-5035
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