Archive for August 2021
Freddie MAC SBL Turn Time Currently at 17 Business Days
Under the Freddie Mac SBL program (small apartment loan program for loan sizes between $1M-$7M) it’s currently taking Freddie Mac 17 business days to turn around a draft commitment letter (DCL). Freddie Mac rolled out the SBL program in October of 2014. At the time, Freddie was able to turn around a DCL in 10…
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