Updates
Interest Rates Decrease for Freddie Mac SBL Apartment Loan Program – Effective 9-28-2021
Effective 9/28/2021 Freddie Mac has decreased interest rates for its SBL program. This was a bit of a surprise move by Freddie Mac as Treasury yields have been on the move as of late reaching an 8 month high this week. Interest rate pricing updates are effective for all loans taken under application on…
Read MoreFreddie Mac Bumps Interest Rates for the SBL Program – Effective 9-14-2021
Effective 9/14/2021 Freddie Mac has increased interest rates for their SBL 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. Interest rate pricing updates are effective for all loans taken under application on or after September 14,…
Read MoreFannie Mae and Freddie Mac Multifamily Sponsorship Eligibility
A question we get often at CREFCOA is related to Fannie Mae and Freddie Mac sponsorship eligibility requirements. Under the Fannie Mae and Freddie Mac multifamily lending platforms the agencies require sponsors to meet specific eligibility requirements. The four main eligibility requirements are: 1. 5+ unit multifamily experience 2. Net worth 3. Liquidity 4. Credit…
Read MoreFreddie Mac SBL Interest Rate Change – Effective July 2, 2021
During a period of sharply falling Treasury yields, Freddie Mac SBL interest rates just got a bump higher. While Freddie Mac’s SBL interest rates aren’t directly tied to Treasury yields, they do tend to move in step with Treasuries so this was a bit of a surprise. Interest rate pricing updates are effective for all…
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