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Freddie Mac Multifamily Loans

Low Fixed Rates. 30 Year Terms. Non-Recourse.

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Apartment Loan Quick Links
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Freddie Mac Small Balance Apartment Loan Program

The Freddie Mac Small Apartment Loan (SBL) program fills a gap in the small multifamily loan space ($1MM-$7.5MM) for borrowers seeking competitively priced, non-recourse debt without yield maintenance, or a balloon payment at the end of the fixed term. The Small Loan Program helps to maximize your property's cash flow with low rates, interest only payment options, no replacement reserves and up to 30-year amortization.
Freddie Mac SBL Program Highlights
  • Loan amounts from $1MM to $7.5MM
  • Highly competitive interest rates
  • Interest rate locked at application
  • Partial and full term interest only available
  • Yield maintenance or declining prepay options
  • No replacement reserve requirements
  • Non-recourse
  • Assumable
  • Available nationwide
  • Up to 80% LTV
  • 30 year amortization
  • 5, 7 and 10 year fixed rate options available
  • Converts to ARM at the end of the fixed term
  • No underwriting floor rate maximizes proceeds
  • Cash out to 80% in Top and Standard Markets
  • Tax returns not required
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Freddie Mac Multifamily Targeted Affordable Express

The Freddie Mac Targeted Affordable Express (TAH Express) Program provides highly competitive terms for multifamily properties with an affordability component (HAP contract, LURA, LIHTC, Tax Abatements) that aren't eligible for financing through the Freddie Mac Small Balance Apartment Loan (SBL) Program.
Freddie Mac TAH Express Program Highlights
  • Loan amounts from $1MM to $10MM
  • Highly competitive interest rates
  • Interest rate spread locked at application
  • Partial and full term interest only available
  • Yield maintenance or declining prepay options
  • No replacement reserve requirements
  • Non-recourse & assumable
  • Borrower legal counsel not required
  • Low transactions costs
  • Available nationwide
  • Up to 80% LTV
  • 30 year amortization
  • 5, 7, 10 and 15 year fixed rate options available
  • Converts to ARM at the end of the fixed term
  • Cash out to 80% in Top and Standard Markets
  • Tax returns not required
  • Efficient underwriting with reduced document requirements
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Freddie Mac Conventional Apartment Loan Program

For loans above $6 million, Crefcoa originates loans under the Freddie Mac platform through the Conventional Loan program. Program options include: Fixed-Rate Conventional, Targeted Affordable Housing, Seniors Housing, Student Housing, Mobile Home Park, Premier Lease-Up, and Green Advantage.

 

  • Apartment loans from $6 million
  • Non-recourse with standard carve-outs
  • Up to 80% LTV
  • Interest only payment options
  • Customized fixed rate terms from 5-15 years
  • Tiered risk based pricing
  • Lease Up and Moderate Rehab programs
  • Supplemental loans available
  • Green Advantage
  • Early and extended rate locks
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Freddie Mac Section 8 Financing

With flexibility and certainty of execution, Freddie Mac provides multifamily loans for Section 8 project-based contracts or tenant-based vouchers.

 

  • Loans starting at $1,000,000
  • Non-recourse with standard carve-outs
  • Up to 80% LTV
  • Interest only payment options
  • Customized fixed rate terms from 5-15 years
  • 30-year amortization
  • 1.20 minimum DSCR
  • Borrowers must have demonstrated experience in owning and managing similar Section 8 properties
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Freddie Mac Student Housing Loans

A leader in the student housing finance sector, Freddie Mac has extensive experience with student housing properties offering customize loans to fit your needs. Freddie's expertise provides a comprehensive understanding of student housing’s specific attributes and a large breadth of familiarity with most universities across the country.

 

  • Loans starting at $5,000,000
  • Non-recourse with standard carve-outs
  • Up to 80% LTV
  • Purpose built or non-purpose built
  • Rent by unit of by bed
  • 30-year amortization
  • 1.35 minimum DSCR
  • Interest only available
  • 8,000 minimum student enrollment
  • Parental guarantees preferred
  • Replacement reserves required
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Freddie Mac Seniors Housing Loans

Freddie Mac offers financing for the acquisition or refinance of properties designated and built as seniors housing properties. Seniors Housing Loans offer flexible, multiple terms for a variety of housing property types — independent living properties, assisted living properties, memory care properties and senior properties with a limited amount of skilled nursing.

 

  • Loans starting at $5,000,000
  • Non-recourse
  • Up to 75% LTV
  • Full and partial term interest only
  • 1.30-1.45 minimum DSCR
  • 30-year amortization
  • Fixed rates from 5-30 years
  • Experienced sponsorship required
  • Interest rate spread hold available
  • Replacement reserves required
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Program 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.

Freddie Mac and Freddie Mac Multifamily are registered trademarks of Freddie Mac.

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