Freddie Mac Small Balance Apartment Loans from CREFCOA

The leading small apartment loan program in the country for loan sizes between $1 million - $7.5 million.

Apartment Building Loans

The Freddie Mac Small Balance Loan (SBL) program dominates the 5+ unit multifamily loan space by providing flexible financing options designed around your needs, with unbeatable rates and terms, and delivered through a low-cost simplified loan process.

  • Up to 80% LTV
  • 30-year amortization
  • 5, 7 and 10-year fixed rate options
  • No underwriting floor rate maximizes proceeds
  • Fixed to float option
  • Cash out to 80% in Top and Standard Markets
  • No tax returns

Learn more about the Freddie Mac SBL program and how it can maximize your multifamily investment based on your individual needs and investment objectives.

Freddie Mac Small Apartment Loan Interest Rates from CREFCOA

Freddie Mac SBL Interest Rates

Fixed Term Interest Rate Amortization Maximum LTV
5-year6.08%-6.48%30-year75%-80%
7-year6.00%-6.40%30-year75%-80%
10-year6.23%-6.63%30-year75%-80%

Got 5 minutes? Request a custom Freddie SBL quote today!

Provide some basic information about the property and the financing you’re seeking and through our proprietary lending platform CRELP we’ll provide you with the most competitive quotes available.

It’s really that simple.

Private. Confidential. Secure. We never sell or provide your personal information or email address to unrelated third parties.

A Sample of Our Recent Transactions

Texas Portfolio Freddie Mac $16.1M

3.52%
70% LTV
10-Year Fixed
30-Year Amortization
24-Year Interest Only
Non-Recourse

Dallas, TX Fannie Mae $10.3M

2.69%
55% LTV
10-Year Fixed
30-Year Amortization
10-Year Interest Only
Non-Recourse

Seattle, WA Freddie Mac $21.02M

3.03%
55% LTV
10-Year Fixed
30-Year Amortization
10-Year Interest Only
Non-Recourse

Titusville, FL Fannie Mae $5.3M

4.65%
75% LTV
10-Year Fixed
30-Year Amortization
2-Year Interest Only
Non-Recourse

Irving, TX Freddie Mac $5.2M

3.88%
75% LTV
10-Year Fixed
30-Year Amortization
Cash Out Refinance
Non-Recourse

Springfield, MI Freddie Mac $2.18M

3.88%
70% LTV
10-Year Fixed
30-Year Amortization
2-Year Interest Only
Non-Recourse

Chicago, IL Freddie Mac $2.50M

3.62%
55% LTV
10-Year Fixed
30-Year Amortization
3-Year Interest Only
Non-Recourse

Los Angeles, CA Freddie Mac $1.9M

3.08%
55% LTV
10-Year Fixed
30-Year Amortization
Yield Maintenance Prepay
Non-Recourse

Olivet, MI Freddie Mac $1.3M

3.68%
70% LTV
10-Year Fixed
30-Year Amortization
2-Year Interest Only
Non-Recourse

Kerrville, TX Fannie Mae $3M

4.05%
75% LTV
30-Year Fixed
30-Year Amortization
Multifamily Loan For Life
Non-Recourse

Indiana, IN Freddie Mac $1M

3.52%
65% LTV
10-Year Fixed
30-Year Amortization
Cash Out Refinance
Non-Recourse

New Llano, LA Fannie Mae $4.715M

4.30%
70% LTV
30-Year Fixed
30-Year Amortization
Multifamily Loan For Life
Non-Recourse

Titusville, FL Freddie Mac $3.123M

4.35%
75% LTV
7-Year Fixed
30-Year Amortization
3-3-2-2-1-1-1-1 Prepay
Non-Recourse

Escondido, CA Freddie Mac $3.428M

3.48%
65% LTV
10-Year Fixed
30-Year Amortization
5-Year Interest Only
Non-Recourse

Tarrytown, NY Freddie Mac $1.23M

4.30%
80% LTV
5-Year Fixed
30-Year Amortization
5-4-3-2-1 Prepay
Non-Recourse

Los Angeles, CA Fannie Mae $1M

4.45%
55% LTV
30-Year Fixed
30-Year Amortization
Multifamily Loan For Life
Non-Recourse

Lubbock, TX Freddie Mac $3.675M

4.02%
75% LTV
10-Year Fixed
30-Year Amortization
2-Year Interest Only
Non-Recourse

Alhambra, CA Freddie Mac $1.8375M

3.39%
55% LTV
5-Year Fixed
30-Year Amortization
5-4-3-2-1 Prepay
Non-Recourse

Bellingham, WA Fannie Mae $1.08M

4.06%
55% LTV
15-Year Fixed
30-Year Amortization
Yield Maintenance Prepay
Non-Recourse

Fortuna, CA Freddie Mac $1.736M

4.12%
70% LTV
7-Year Fixed
30-Year Amortization
1-Year Interest Only
Non-Recourse

Cahokia, IL Fannie Mae $1.651M

3.71%
65% LTV
10-Year Fixed
30-Year Amortization
3-Year Interest Only
Non-Recourse

Humboldt Hill, CA Freddie Mac $1.638M

4.16%
70% LTV
7-Year Fixed
30-Year Amortization
1-Year Interest Only
Non-Recourse

Sleepy Hallow, NY Freddie Mac $1.137M

4.22%
80% LTV
10-Year Fixed
30-Year Amortization
3-Year Interest Only
Non-Recourse

Odessa, TX Freddie Mac $4.87M

4.30%
70% LTV
7-Year Fixed
30-Year Amortization
2-Year Interest Only
Non-Recourse

Southfield, MI Fannie Mae $1-$5M

5.75%
80% LTV
30-Year Fixed
30-Year Amortization
Multifamily Loan for Life
Non-Recourse

Englewood, CO Freddie Mac $2.8M

3.51%
70% LTV
5-Year Fixed
30-Year Amortization
1-Year Interest Only
Non-Recourse

San Gabriel, CA Banc Series $6.60M

3.96%
70% LTV
5-Year Fixed
30-Year Amortization
5-4-3-2-1 Prepay
Recourse

Indianapolis, IN Freddie Mac $2.5M

3.73%
75% LTV
12-Year Fixed
30-Year Amortization
5-Year Interest Only
Non-Recourse

Irving, TX Fannie Mae DUS $9M

4.49%
80% LTV
10-Year Fixed
30-Year Amortization
1-Year Interest Only
Non-Recourse

Alhambra, CA Freddie Mac $1-$5M

3.39%
55% LTV
5-Year Fixed
30-Year Amortization
5-4-3-2-1 Prepay
Non-Recourse

Baton Rouge Fannie Mae $2.95M

4.77%
75% LTV
10-Year Fixed
30-Year Amortization
Cash Out Refinance
Non-Recourse

Chicago, IL Freddie Mac $2.8M

4.21%
80% LTV
10-Year Fixed
30-Year Amortization
3-Year Interest Only
Non-Recourse

Chicago, IL Freddie Mac $3.8M

4.21%
80% LTV
10-Year Fixed
30-Year Amortization
3-Year Interest Only
Non-Recourse

Gresham, OR Freddie Mac $3.55M

4.43%
45% LTV
10-Year Fixed
30-Year Amortization
10-Year Interest Only
Non-Recourse

Indianapolis, IN Fannie Mae $2.37M

3.78%
75% LTV
12-Year Fixed
30-Year Amortization
5-Year Interest Only
Non-Recourse

Seattle, WA Banc Series $5.5M

4.25%
60% LTV
10-Year Fixed
30-Year Amortization
5-4-4-3-2-1 Prepay
Recourse

Diamond Springs, CA Fannie Mae MHC $1-$5M

4.10%
65% LTV
15-Year Fixed
15-Year Amortization
YM Prepay
Non-Recourse

Arvada, CO Freddie Mac $3.56M

4.35%
80% LTV
10-Year Fixed
30-Year Amortization
3-Year Interest Only
Non-Recourse

Wheeling, IL Freddie Mac $3.8M

4.05%
80% LTV
10-Year Fixed
30-Year Amortization
3-Year Interest Only
Non-Recourse

Calumet City, IL Freddie Mac $2.9M

3.90%
80% LTV
10-Year Fixed
30-Year Amortization
3-Year Interest Only
Non-Recourse

Tacoma, WA Freddie Mac $1.6M

3.90%
70% LTV
5-Year Fixed
30-Year Amortization
1-Year Interest Only
Non-Recourse

Winston-Salem, NC Fannie Mae $2.91M

4.94%
65% LTV
10-Year Fixed
30-Year Amortization
Step Down Prepay
Non-Recourse

Lake Forest, IL Freddie Mac $2.98M

4.32%
80% LTV
10-Year Fixed
30-Year Amortization
3-Year Interest Only
Non-Recourse

Chicago, IL Freddie Mac $1-$5M

4.27%
80% LTV
10-Year Fixed
30-Year Amortization
3-Year Interest Only
Non-Recourse

Chicago, IL Freddie Mac $3.18M

3.70%
70% LTV
5-Year Fixed
30-Year Amortization
1-Year Interest Only
Non-Recourse

Puyallup, WA Freddie Mac $2.26M

4.47%
80% LTV
10-Year Fixed
30-Year Amortization
3-Year Interest Only
Non-Recourse

Chicago, IL Freddie Mac $1.52M

4.58%
80% LTV
10-Year Fixed
30-Year Amortization
3-Year Interest Only
Non-Recourse

Midland, TX Freddie Mac $4.03M

4.30%
70% LTV
10-Year Fixed
30-Year Amortization
2-Year Interest Only
Non-Recourse

Odessa, TX Freddie Mac $3.2M

4.30%
70% LTV
10-Year Fixed
30-Year Amortization
2-Year Interest Only
Non-Recourse

Lumberton, TX Fannie Mae $1.68M

5.70%
75% LTV
30-Year Fixed
30-Year Amortization
Multifamily Loan for Life
Non-Recourse

Fayetteville, AR Fannie Mae $1-$5M

4.29%
65% LTV
10-Year Fixed
30-Year Amortization
Cash Out Refinance
Non-Recourse

Indianapolis, IN Freddie Mac $1.62M

4.31%
80% LTV
5-Year Fixed
30-Year Amortization
1-Year Interest Only
Non-Recourse

Amarillo, TX Freddie Mac $2.67M

4.37%
75% LTV
10-Year Fixed
30-Year Amortization
2-Year Interest Only
Non-Recourse

Winston-Salem, NC Freddie Mac $2.88M

4.64%
70% LTV
10-Year Fixed
30-Year Amortization
2-Year Interest Only
Non-Recourse

Southfield, MI Freddie Mac $3.36M

4.61%
80% LTV
10-Year Fixed
30-Year Amortization
3-Year Interest Only
Non-Recourse

Gilbert, SC Fannie Mae $1-$5M

4.30%
75% LTV
10-Year Fixed
30-Year Amortization
Acquisition
Non-Recourse

Chicago, IL Freddie Mac $2.24M

4.52%
80% LTV
10-Year Fixed
30-Year Amortization
2-Year Interest Only
Non-Recourse

Burbank, CA Freddie Mac $3.3M

3.9%
55% LTV
7-Year Fixed
30-Year Amortization
Cash Out Refinance
Non-Recourse

Muskegon, MI Fannie Mae $1-$5M

4.30%
55% LTV
30-Year Fixed
30-Year Amortization
Multifamily Loan for Life
Non-Recourse

Kerrville, TX Freddie Mac $2.32M

4.66%
70% LTV
10-Year Fixed
30-Year Amortization
2-Year Interest Only
Non-Recourse

Ladson, SC Fannie Mae $1.8M

4.59%
55% LTV
15-Year Fixed
30-Year Amortization
5-Year interest Only
Non-Recourse

Seattle, WA Banc Series $2.5M

4.125%
38% LTV
15-Year Fixed
15-Year Amortization
5-4-3-2-2-2-2-2-1 Prepay
Recourse

Chicago, IL Freddie Mac $4.18M

4.70%
80% LTV
10-Year Fixed
30-Year Amortization
3-Year Interest Only
Non-Recourse

Chicago, IL Freddie Mac $3.42M

3.75%
80% LTV
10-Year Fixed
30-Year Amortization
3-Year Interest Only
Non-Recourse

Los Angeles, CA Banc Series $2.8M

4.22%
40% LTV
10-Year Fixed
30-Year Amortization
5-4-4-3-2-1 Prepay
Recourse

Dyersburg, TN Fannie Mae $1-$5M

4.79%
80% LTV
12-Year Fixed
30-Year Amortization
47 Day Close
Non-recourse

Platteville, WI Fannie Mae $5M+

4.36%
75% LTV
12-Year Fixed
30-Year Amortization
Non-Contiguous Parcels
Non-recourse

Idaho Falls Fannie Mae $1M

4.07%
75% LTV
15-Year Fixed
30-Year Amortization
2-Year Interest Only
Non-Recourse

Houston, TX Fannie Mae $2.01M

4.8%
75% LTV
10-Year Fixed
30-Year Amortization
Non-Local Sponsorship
Non-Recourse

Chicago, IL Freddie Mac $1-$5M

4.64%
80% LTV
10-Year Fixed
30-Year Amortization
3-Year Interest Only
Non-Recourse

Philadelphia, PA Freddie Mac $3.37M

4.61%
80% LTV
10-Year Fixed
30-Year Amortization
3-Year Interest Only
Non-Recourse

Calumet City, IL Freddie Mac $3.3M

4.48%
80% LTV
10-Year Fixed
30-Year Amortization
3-Year Interest Only
Non-Recourse

Empire, CA Fannie Mae $1.8M

4.93%
80% LTV
10-Year Fixed
30-Year Amortization
3-Year Interest Only
Non-Recourse

Chicago, IL Freddie Mac $1.92M

4.79%
80% LTV
10-Year Fixed
30-Year Amortization
3-Year Interest Only
Non-Recourse

Kenosha, WI Freddie Mac $1-$5M

4.51%
75% LTV
7-Year Fixed
30-Year Amortization
2-Year Interest Only
Non-Recourse

Lynn, MA Fannie Mae $1-$5M

5.15%
75% LTV
30-Year Fixed
30-Year Amortization
Multifamily Loan for Life
Non-Recourse

Vacaville, CA Banc Series $1.8M

4.05%
75% LTV
5-Year Fixed
30-Year Amortization
5-4-3-2-1 Prepay
Recourse

Los Angeles, CA Freddie Mac $1-$5M

3.91%
55% LTV
10-Year Fixed
30-Year Amortization
3-Year Interest Only
Non-Recourse

Chicago, IL Freddie Mac $2.11M

5.03%
80% LTV
10-Year Fixed
30-Year Amortization
3-Year Interest Only
Non-Recourse

College Station, TX Freddie Mac $2.23M

3.95%
75% LTV
5-Year Fixed
30-Year Amortization
1-Year Interest Only
Non-Recourse

Naples, FL Fannie Mae $1-$5M

4.75%
55% LTV
30-Year Fixed
30-Year Amortization
5-Year Interest only
Non-recourse

Chicago, IL Freddie Mac $2.182M

4.66%
80% LTV
10-Year Fixed
30-Year Amortization
3-Year Interest Only
Non-Recourse

Middletown, OH Freddie Mac $2.99M

4.80%
75% LTV
10-Year Fixed
30-Year Amortization
3-Year Interest Only
Non-Recourse

Amarillo, TX Fannie Mae $1-$5M

4.72%
75% LTV
10-Year Fixed
30-Year Amortization
12 Months Interest Only
Non-recourse

Rock Hill, SC Fannie Mae $1.25M

5.34%
75% LTV
30-Year Fixed
30-Year Amortization
Multifamily Loan for Life
Non-Recourse

Chicago, IL Freddie Mac $1.12M

5.08%
80% LTV
10-Year Fixed
30-Year Amortization
3-Year Interest Only
Non-Recourse

Pompano Beach, FL Fannie Mae $1.92M

4.62%
75% LTV
30-Year Fixed
30-Year Amortization
Multifamily Loan for Life
Non-Recourse

Encinitas, CA Fannie Mae $1-$5M

4.55%
55% LTV
30-Year Fixed
30-Year Amortization
Multifamily Loan for Life
Non-Recourse

Holly Hill, FL Fannie Mae $1-$5M

4.210%
80% LTV
10-Year Fixed
30-Year Amortization
Acquisition
Non-Recourse

Chicago, IL Freddie Mac $1.65M

4.12%
80% LTV
10-Year Fixed
30-Year Amortization
3-Year Interest Only
Non-Recourse

Hixson, TN Freddie Mac $1.95M

4.50%
65% LTV
10-Year Fixed
30-Year Amortization
Refinance
Non-Recourse

Lumberton, TX Fannie Mae $3M

5.95%
75% LTV
30-Year Fixed
30-Year Amortization
Multifamily Loan for Life
Non-Recourse

Chicago, IL Freddie Mac $2.28M

4.56%
80% LTV
10-Year Fixed
30-Year Amortization
3-Year Interest Only
Non-Recourse

Fayetteville, AR Fannie Mae $1-$5M

4.47%
65% LTV
10-Year Fixed
30-Year Amortization
Cash Out Refinance
Non-Recourse

Milford, MI Freddie Mac $3.55M

4.92%
80% LTV
10-Year Fixed
30-Year Amortization
3-Year Interest Only
Non-Recourse

Croswell, MI Freddie Mac TAHX $1M

3.87%
75% LTV
10-Year Fixed
30-Year Amortization
2-Year Interest Only
Non-Recourse

Eureka, CA Freddie Mac $1-$5M

3.76%
75% LTV
5-Year Fixed
30-Year Amortization
5,4,3,2,1 Prepay
Non-Recourse

Charlotte, NC Fannie Mae $1.76M

5.03%
75% LTV
30-Year Fixed
30-Year Amortization
Multifamily Loan for Life
Non-Recourse

Deerfield Beach, FL Fannie Mae $1.60M

4.62%
75% LTV
30-Year Fixed
30-Year Amortization
Multifamily Loan for Life
Non-Recourse

Chicago, IL Freddie Mac $2.28M

4.31%
80% LTV
10-Year Fixed
30-Year Amortization
3-Year Interest Only
Non-Recourse

Ossining, NY Freddie Mac $1-$5M

3.74%
80% LTV
5-Year Fixed
30-Year Amortization
1-Year Interest Only
Non-Recourse

Lynwood, CA Fannie Mae $1-$5M

5.17%
75% LTV
10-Year Fixed
30-Year Amortization
Cash Out Refinance
Non-Recourse

Newberry, SC Fannie Mae MHC $1-$5M

4.62%
75% LTV
15-Year Fixed
10-Year Amortization
YM Prepay
Non-Recourse

Abilene, TX Freddie Mac $4.87M

5.04%
75% LTV
10-Year Fixed
30-Year Amortization
2-Year Interest Only
Non-Recourse

Houston, TX Freddie Mac $1.12M

4.32%
70% LTV
10-Year Fixed
30-Year Amortization
3-Year Interest Only
Non-Recourse

Chicago, IL Freddie Mac $2.32M

4.89%
80% LTV
10-Year Fixed
30-Year Amortization
3-Year Interest Only
Non-Recourse

Redding, CA Fannie Mae $1M-$5M

4.98%
75% LTV
10-Year Fixed
30-Year Amortization
30-Year Term
Non-Recourse

Orlando, FL Freddie Mac $1.42M

4.71%
80% LTV
10-Year Fixed
30-Year Amortization
YM Prepay
Non-Recourse

Plattsburgh, NY Fannie Mae MHC $1-$5M

5.33%
75% LTV
15-Year Fixed
30-Year Amortization
YM Prepay
Non-Recourse

Greenville, MS Fannie Mae $1-$5M

5.9%
75% LTV
30-Year Fixed
30-Year Amortization
Multifamily Loan for Life
Non-Recourse

Chicago, IL Freddie Mac $2.26M

4.19%
80% LTV
10-Year Fixed
30-Year Amortization
3-Year Interest Only
Non-Recourse

Fort Oglethorpe, GA Fannie Mae $1-$5M

4.85%
75% LTV
10-Year Fixed
30-Year Amortization
Acquisition
Non-Recourse

Houston, TX Freddie Mac $1.64M

4.72%
80% LTV
7-Year Fixed
30-Year Amortization
2-Year Interest Only
Non-Recourse

Springfield, MA Fannie Mae $1-$5M

4.44%
80% LTV
10-Year Fixed
30-Year Amortization
Acquisition
Non-Recourse

Seattle, WA Banc Series $3M

4.37%
65% LTV
10-Year Fixed
30-Year Amortization
5-4-4-3-2-1
Recourse

Round Lake Heights, IL Freddie Mac $1.44M

4.05%
80% LTV
10-Year Fixed
30-Year Amortization
3-Year Interest Only
Non-Recourse

Nederland, TX Fannie Mae $1-$5M

5.19%
75% LTV
10-Year Fixed
30-Year Amortization
Cash Out Refinance
Non-Recourse

Midvale, UT Fannie Mae $2M

4.73%
65% LTV
5-Year Fixed
30-Year Amortization
Affordable Housing
Non-Recourse

Fort Lauderdale, FL Freddie Mac $1.2M

4.42%
80% LTV
10-Year Fixed
30-Year Amortization
Cash Out Refinance
Non-Recourse

Orwell, OH Freddie Mac $1.4M

4.70%
70% LTV
10-Year Fixed
30-Year Amortization
2-Year Interest Only
Non-Recourse

Chicago, CA Freddie Mac $2.26M

4.50%
80% LTV
10-Year Fixed
30-Year Amortization
3-Year Interest Only
Non-Recourse

Fresno, CA Fannie Mae $1.38M

4.97%
70% LTV
30-Year Fixed
30-Year Amortization
Multifamily Loan for Life
Non-Recourse

Pine Bluff, AR Fannie Mae $1M-$5M

5.51%
75% LTV
30-Year Fixed
30-Year Amortization
Multifamily Loan for Life
Non-Recourse

Chicago, CA Freddie Mac $2.32M

4.08%
80% LTV
10-Year Fixed
30-Year Amortization
3-Year Interest Only
Non-Recourse

Litchfield, MN Fannie Mae $1M-$5M

5.38%
75% LTV
30-Year Fixed
30-Year Amortization
Multifamily Loan for Life
Non-Recourse

Galveston, TX Freddie Mac $1.65M

4.95%
70% LTV
10-Year Fixed
30-Year Amortization
YM Prepay
Non-Recourse

Weslaco, TX Freddie Mac $1.90M

4.95%
70% LTV
10-Year Fixed
30-Year Amortization
1-Year Interest Only
Non-Recourse

San Diego, CA Freddie Mac $1M-$5M

3.56%
80% LTV
5-Year Fixed
30-Year Amortization
1-Year Interest Only
Non-Recourse

Brownsville, TX Fannie Mae $1M-$5M

5.03%
70% LTV
12-Year Fixed
30-Year Amortization
1-Year Interest Only
Non-Recourse

Plattsburgh, NY Fannie Mae $1M-$5M

5.04%
75% LTV
15-Year Fixed
30-Year Amortization
1-Year Interest Only
Non-Recourse

Hammond, LA Fannie Mae $1M-$5M

4.9%
75% LTV
15-Year Fixed
30-Year Amortization
1-Year Interest Only
Non-Recourse

Los Angeles, CA Fannie Mae $1M-$5M

4.49%
55% LTV
20-Year Fixed
20-Year Amortization
Multifamily Loan for Life
Non-Recourse

Morrow, GA Freddie Mac $3.36M

4.56%
75% LTV
5-Year Fixed
30-Year Amortization
1-Year Interest Only
Non-Recourse

Pearl, MS Freddie Mac $1.80M

5.17%
80% LTV
30-Year Fixed
30-Year Amortization
Multifamily Loan for Life
Non-Recourse

Pompano Beach, FL Fannie Mae $1.38M

4.30%
75% LTV
30-Year Fixed
30-Year Amortization
Multifamily Loan for Life
Non-Recourse

Fortuna, CA Freddie Mac $1-$5M

3.72%
75% LTV
5-Year Fixed
30-Year Amortization
5,4,3,2,1 Prepay
Non-Recourse

Bellwood, IL Freddie Mac $1-$5M

5.21%
80% LTV
5-Year Fixed
30-Year Amortization
5-4-3-2-1
Non-Recourse

Philadelphia, PA Freddie Mac $1.69M

4.61%
75% LTV
10-Year Fixed
30-Year Amortization
3-Year Interest Only
Non-Recourse

Orlando, FL Fannie Mae $1-$5M

4.26%
80% LTV
10-Year Fixed
30-Year Amortization
Acquisition
Non-Recourse

Gresham, OR Freddie Mac $3.23M

4.53%
55% LTV
10-Year Fixed
30-Year Amortization
10-Year Interest Only
Non-Recourse

Los Angeles, CA Freddie Mac $1-$5M

3.91%
55% LTV
10-Year Fixed
30-Year Amortization
3-Year Interest Only
Non-Recourse

Greenville, SC Fannie Mae $1.09M

5.22%
75% LTV
12-Year Fixed
30-Year Amortization
Cash Out Refinance
Non-Recourse

Houston, TX Fannie Mae $1-$5MM

4.99%
75% LTV
8-Year Fixed
30-Year Amortization
Supplemental
Non-Recourse

Cleveland, GA Fannie Mae $1.62M

5.24%
75% LTV
30-Year Fixed
30-Year Amortization
Multifamily Loan for Life
Non-Recourse

Elk City, OK Freddie Mac $3.075M

4.80%
70% LTV
10-Year Fixed
30-Year Amortization
2-Year Interest Only
Non-Recourse

Naples, FL Freddie Mac $1M

4.97%
65% LTV
10-Year Fixed
30-Year Amortization
2-Year Interest Only
Non-Recourse

Warren, MI Freddie Mac $1.4M

4.96%
70% LTV
10-Year Fixed
30-Year Amortization
5-5-4-4-3-3-2-2-1-1 Prepay
Non-Recourse

Garden Grove, CA Banc Series $1.05M

4.33%
70% LTV
5-Year Fixed
30-Year Amortization
5-4-3-2-1 Prepay
Recourse

Whittier, CA Fannie Mae $1M

4.55%
75% LTV
10-Year Fixed
30-Year Amortization
Cash Put Refinance
Non-Recourse

Philadelphia, PA Freddie Mac $1.42M

4.40%
80% LTV
10-Year Fixed
30-Year Amortization
3-Year Interest Only
Non-Recourse

Lancaster, CA Fannie Mae $2.1M

4.56%
75% LTV
7-Year Fixed
30-Year Amortization
YM Prepay
Non-Recourse

Gravette, AR Fannie Mae $1.01M

4.47%
75% LTV
10-Year Fixed
30-Year Amortization
Cash Out Refinance
Non-Recourse

Lumberton, TX Fannie Mae $2.8M

5.92%
75% LTV
30-Year Fixed
30-Year Amortization
Multifamily Loan for Life
Non-Recourse

Oakland, CA Freddie Mac $1-$5M

3.80%
80% LTV
5-Year Fixed
30-Year Amortization
1-Year Interest Only
Non-Recourse

Cincinnati, OH Freddie Mac $1.02M

3.42%
70% LTV
10-Year Fixed
30-Year Amortization
1-Year Interest Only
Non-Recourse

Huntsville, AL Freddie Mac $1.32M

5.01%
70% LTV
10-Year Fixed
30-Year Amortization
2-Year Interest Only
Non-Recourse

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What you need to know about the Freddie Mac Small Apartment Loan (SBL) program.

Program descriptions, highlights and underwriting guidelines are helpful when considering if an apartment loan program is right for you and your property. However, they don't always tell the whole story. Below is what you need to know about the Freddie Mac's Small Apartment loan program that program guidelines and highlights don't tell you.

  • Unlike Fannie Mae, Freddie Mac lenders aren't delegated to close and sell loans to Freddie Mac without review. i.e. Freddie Mac must review and approve every loan.
  • Freddie Mac doesn't have a "one size fits all" pricing model. Interest rates vary depending on location, LTV, DSCR, interest only, and prepay option.
  • Unlike other secondary market programs (Fannie Mae Multifamily, CMBS and even Freddie Mac's Multifamily program), the Small Loan program's fixed interest rate is not tied to either a Treasury or SWAP, rather a Coupon bond.
  • A regional manager for Freddie Mac will personally perform a site inspection of the subject property for most properties - some exclusions for properties located in Top Markets.
  • No underwriting interest rate floors in major markets maximizes loan dollars.
  • Asset quality and condition are important.
  • Lender legal is required on every loan.
  • Non-local ownership requires professional third party management.
  • Various lien, litigation and bankruptcy searches are required for Borrowing Entities and Key Principals.
  • Insurance for secondary market programs (Fannie, Freddie, HUD CMBS) typically require higher coverage requirements than traditional banks require.
  • Learn more about Freddie Mac multifamily loans. Learn more about Fannie Mae multifamily loans.