Freddie Mac Small Balance Multifamily Loan Programs
Looking for long-term, low rate financing for a multifamily commercial property?
The Freddie Mac Small Balance Loan program is available for multifamily properties with 5+ units. High leverage, long amortizations and low rates makes this program very attractive.
Speritas Capital Partners only works with Freddie Mac Optigo® Lenders, a designation for approved lenders that provides a dedicated platform and quick underwriting.
Speritas Capital adds value to your project by:
(1) Working with you to understand the Freddie Mac Small Balance requirements (see below)
(2) Introducing you to the right Optigo® lender – a lender that fits your project size, experience and timing
(3) Packaging your information for successful funding – a critical step!
(4) Advising you throughout the process.
Freddic Mac small balance loans for multifamily properties arranged by Speritas Capital feature:
Loan amounts: Up to $7.5 million in all markets
Unit count: loan amount ≤ $6 million: no unit limitations; loan amount between $6MM and $7.5MM: up to 100 units
Loan purpose: acquisition or refinance, including cash out
Loan terms: 20-year hybrid ARM with initial 5-, 7-, or 10-year fixed-rate period
Amortization: up to 30 years
Payment terms: Interest-only, partial-term interest-only; full-term interest-only
Prepayments: declining schedules and yield maintenance available
Questions? Call or text 203-247-4358
Eligibility
Eligible Borrowers
Up to $6MM — Individuals who are U.S. citizens; limited partnerships; limited liability companies; single asset entities; special purpose entities; tenancy in common with up to five unrelated members; and trusts
Between $6MM and $7.5MM – single asset entities
Recourse: non-recourse with standard carveout provisions required
Subordinated debt: generally not permitted
Minimum net worth: equal to the loan amount
Minimum liquidity: equal to 9 months of principal and interest
Eligible Properties
Multifamily housing with five or more residential units or more
Commercial (non-residential) use: permitted in certain situations
Ineligible properties: senior housing; student housing (greater than 50% concentration); military housing (greater than 50% concentration)
Occupancy
– 90% physical occupancy for the trailing 3-month average prior to underwriting
– 85% physical occupancy for the trailing 3-month average prior to underwriting in specific situations
Other terms and conditions apply
Recently Funded Commercial Real Estate Deals by Speritas Capital
Check out more of our recently funded deals.
How Does Speritas Capital Help?
Because Speritas Capital is a debt advisory firm, we have access to a wide variety of Commercial Real Estate lending structures. We’re not beholden to any one lender or structure so we can use our creativity and experience to design a structure that truly fits the needs of our clients.
You may be in research mode and unsure about the best financing options for your multifamily project. We can help you think through your options and package the required information (property, cash flow, credit, project costs) in a way that optimizes your chances of approval.
Questions for us?
You need a strategic, cost effective solution to your financing needs and a financing advisor you can trust. And one who never takes upfront fees. Let us put our decades of banking and structuring experience to work for you – email Speritas Capital Partners with your questions about Freddie Mac Small Balance Multifamily loans today.
Call or text Jeff Bardos, CEO
directly at 203-247-4358
or schedule a call with Jeff
