Loan Product
Agency Multifamily: Fannie Mae and Freddie Mac for 5+ Unit Properties.
Agency debt is the cheapest long term money on a stabilized 5 unit and up apartment building. It is non recourse. It runs 30 year amortization. You can lock the rate for 5, 7, 10, or 12 years. There are special programs for green, affordable, and small balance deals. I place agency loans through the top DUS lenders in the country. These are the same shops that close most of the Fannie Mae and Freddie Mac multifamily volume every year. If your building is stabilized, this is almost always the right answer.
Agency Programs On the Network
- Fannie Mae DUS. Conventional, small balance, green, affordable
- Freddie Mac Optigo. Conventional, SBL (small balance loan), green advantage, targeted affordable
- Supplemental loans on existing agency debt
- Agency forwards on construction takeout
- Manufactured housing communities (MHC)
- Student housing (purpose-built)
- Affordable housing combined with LIHTC equity
Loan Snapshot
- Loan Amounts
- $1M small balance to $500M institutional
- LTV
- Up to 80% (lower for cash out and senior / student)
- DSCR
- Typically 1.20x to 1.25x minimum
- Term
- 5, 7, 10, 12, 15 year fixed; 30 year amortization
- Recourse
- Non recourse with standard carve outs
- Closing Time
- 45 to 90 days typical
Rates depend on the deal. Submit your file or jump on a call and I'll get you a real number.
Why Agency
Lowest rates in stabilized multifamily. Non-recourse. Long amortization. Assumable in many cases. Supplemental capacity for cash-out events without a full refi. If your asset is 5+ units, stabilized, and well-located, agency is almost always the answer for permanent debt.
Pair With Bridge or HUD
Not stabilized yet? We bridge first (debt fund or bank), then refinance into agency once the asset hits stabilization. Holding 10+ years? HUD 223(f) often beats agency on amortization and rate. I quote both side-by-side so you can pick the right exit.
Ready when you are.
Send me your file or pick up the phone. I answer 7 days a week.