Freddie Mac Bumps Interest Rates for the SBL Program – Effective 9-14-2021

Freddie mac SBL Interest Rates Increase

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,…

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Fannie Mae and Freddie Mac Multifamily Sponsorship Eligibility

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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…

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Freddie Mac SBL Interest Rate Change – Effective July 2, 2021

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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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