Fannie Mae, through the USDA, provides multifamily loans with high leverage, low rate, and 40-year terms, with limited recourse to the sponsor, for eligible rural housing properties.
The Fannie Mae Rural Development Rental Housing Program provides permanent apartment financing options for the acquisition, construction or substantial rehabilitation of rural multifamily properties through the United States Department of Agriculture’s (USDA) RD 538 program. The program is administered by the USDA’s Office of Rural Development (RD).
- Certainty of speed and execution
- 90%-97% leverage
- Customized financing terms
- 25-40-year terms
- 1.15 DSCR
- USDA guarantee mitigates losses
Fannie Mae Rural Multifamily Housing Development Program
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