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Crefcoa Apartment Loan Rates As of   
Fannie Mae Multifamily Loan Interest Rates

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Fixed Term Rate Max LTV Min DSC Amort Loan Term Prepay
7/6 ARM 4.46% 55% 1.55 30 Year 7 Year 1%
7/6 ARM 4.68% 65% 1.35 30 Year 7 Year 1%
7/6 ARM 4.88% 80% 1.25 30 Year 7 Year 1%
5 Year 4.76% 55% 1.55 30 Year 5 Year 1% or YM*
5 Year 5.01% 65% 1.35 30 Year 5 Year 1% or YM*
5 Year 5.24% 80% 1.25 30 Year 5 Year 1% or YM*
7 Year 4.71% 55% 1.55 30 Year 7 Year 1% or YM*
7 Year 4.96% 65% 1.35 30 Year 7 Year 1% or YM*
7 Year 5.19% 80% 1.25 30 Year 7 Year 1% or YM*
10 Year 4.75% 55% 1.55 30 Year 10 Year 1% or YM*
10 Year 4.97% 65% 1.35 30 Year 10 Year 1% or YM*
10 Year 5.07% 70% 1.30 30 Year 10 Year 1% or YM*
10 Year 5.17% 75% 1.25 30 Year 10 Year 1% or YM*
10 Year 5.22% 80% 1.25 30 Year 10 Year 1% or YM*
12 Year 4.81% 55% 1.55 30 Year 12 Year 1% or YM*
12 Year 5.06% 65% 1.35 30 Year 12 Year 1% or YM*
12 Year 5.29% 80% 1.25 30 Year 12 Year 1% or YM*
15 Year 4.84% 55% 1.55 30 Year 15 Year 1% or YM*
15 Year 5.09% 65% 1.35 30 Year 15 Year 1% or YM*
15 Year 5.32% 80% 1.25 30 Year 15 Year 1% or YM*
30 Year 5.01% 55% 1.55 30 Year 30 Year 1% or YM*
30 Year 5.26% 65% 1.35 30 Year 30 Year 1% or YM*
30 Year 5.49% 80% 1.25 30 Year 30 Year 1% or YM*

Fannie Mae Apartment Loan Rates Pricing Notes     View Fannie Mae Apartment Loan Guidelines

  • Up to 40 bps interest rate reduction for properties with rents that are considered affordable - call for more information
  • $750,000 minimum loan size. Rates assume loan size above $7,000,000, or for properties with fewer than 50 units, affordable housing and mobile home parks.
  • Pricing adjustments for loan sizes below $7,000,000, 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 conditions/major MSA.
  • Non-recourse
  • 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. Contact Crefcoa for Affordable, Student, Seniors, Manufactured and Military Housing properties.
  • 75% maximum LTV for cash out refinances.
  • *Step down prepay (e.g. 5-4-3-2-1) available for properties with 5-50 units.

 

Step Down Prepayment Rate Adjustment

  • 5 year fixed rate add 15 bps to published rate.
  • 7 year fixed rate add 13 bps to the published rate.
  • 10 year fixed rate add 14 bps to the published rate.
  • Step down prepay option is not available for fixed rate terms greater than 10 years.


7/6 ARM Pricing Notes

  • Rate Ceiling: Cap is built in at no additional cost.
  • Interest rate adjusts monthly (15-day lookback / actual/360).
  • Prepay: One year lock out, 1% thereafter.
  • Convertible to fixed rate in years 2-5.
  • Up to 30 year amortization.
  • Fully assumable.
  • Non-recourse.
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Interest rates and programs are subject to change without notice. This is not a commitment to lend. Information provided is not an offer to make a loan and should be used for informational purposes only. Crefcoa is a commercial real estate finance company and financial intermediary arranging commercial real estate financing nationwide in most primary, secondary and tertiary markets. Apartment loan availability -- including LTV, DSCR, and loan size -- may vary depending on property location, economic conditions, exposure, and other variables that may negatively influence risk. Loan programs and program guidelines (including, without limit, fees, rates and features) are subject to change.
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