Loan Product
Fannie Mae & Freddie Mac Multifamily Loans 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 dedicated programs for green and affordable transactions. The institutional sweet spot is $10M and up. Placement runs through the top DUS lenders in the country.
What the Network Covers
- Fannie Mae DUS conventional multifamily ($5M to $500M+)
- Freddie Mac Optigo conventional multifamily ($5M to $500M+)
- Green programs (Fannie Green, Freddie Green Advantage)
- Targeted affordable housing
- Supplemental loans on existing agency debt
- Agency forwards on construction takeout
- Manufactured housing communities
- Purpose built student housing
Loan Snapshot
- Loan Amounts
- $5M to $500M+ across the network
- Typical Sweet Spot
- $10M+
- LTV / LTC
- Program dependent
- 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
- Property Types
- Stabilized multifamily, manufactured housing, student housing, affordable
- Geography
- Nationwide, drawn from the 200 plus active capital source network
- Rates
- Rates depend on the deal. Submit your file or jump on a call and I will give you a real number.
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, 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.
Frequently Asked Questions
What is a Fannie Mae multifamily loan?
A Fannie Mae multifamily loan (the DUS program) is non-recourse permanent financing for stabilized 5+ unit apartment properties. 30 year amortization, 5/7/10/12 year fixed rate options, and the lowest cost of capital available outside of HUD. We place Fannie Mae DUS multifamily loans from $5M to $500M+.
What is the difference between Fannie Mae and Freddie Mac multifamily loans?
Fannie Mae DUS and Freddie Mac Optigo are both agency multifamily programs with similar terms (non recourse, 30 year amortization, 5 to 12 year fixed rates). Differences come down to lender pricing on a given day, market overlay, and program specifics like green, affordable, and small balance. We quote both side by side.
What is the minimum loan amount for agency multifamily?
Most DUS and Optigo lenders quote loans starting at $1M (small balance) up to $500M+. Our institutional sweet spot is $10M and up where the agencies are most competitive. Below $5M, Freddie Small Balance and Fannie Small Loans are the right products.
Are Fannie Mae multifamily loans non recourse?
Yes. Standard agency multifamily debt is non recourse with carve-outs for fraud, environmental contamination, bankruptcy filing, and unauthorized transfers. This is one of the major reasons institutional sponsors prefer agency over bank debt.
How long does a Fannie Mae multifamily loan take to close?
Typical agency multifamily closings run 45 to 90 days from signed application. Refinances of existing agency debt can move faster. Acquisitions with rate locks add timeline complexity but the agencies are fast once the file is complete.
Ready when you are.
Send me your file or pick up the phone. I answer 7 days a week.