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FNMA Multifamily Small Balance Loans


1 Million to $6 Million

Property types: Multifamily, mobile home parks and cooperative properties 

Term: 5 to 30 years

Interest Rate: 3 to 4.75% Fixed

Amortization: Up to 30 years

Maximum LTV: 80% for purchases and 75% for refinances

Borrowers may take surplus cash distributions from the property’s operating account anytime.

Minimum DSCR: 1.25

Supplemental Financing: after first 12 months of loan or when assumed

Prepayment availability: Flexible prepayment including yield maintenance and declining prepayment premium

Non-recourse in select large markets 

Rate Lock: after commitment issued; streamlined for fixed rates

Accrual: 30/360 and Actual/360

Taxes & insurance escrows required for Tier II 

Occupancy: 90%+ occupancy required 12 months before commitment (90%+ for 90 days case-by-case) 

Assumable with lender consent and 1% fee

Borrower net worth must equal requested loan amount (cumulative net worth for all key principals) 

Liquidity equal to 10% of loan amount (cumulative liquidity for all key principals)

Due Diligence Fee: $4,500 – $8,500 non-refundable for 3rd party reports and processing

Rate Lock Deposit: 1% to 2% due upon acceptance of commitment; refundable upon closing

Timing: 45-60 days from complete loan application to lender commitment letter

Let’s move your project forward…

Please click blue FNMA Multifamily Loan Link for FREE PRE APPROVAL LOI within 24 business hours. With a few clicks of your mouse it TAKES LESS THAN 3 MINUTES TO GET STARTED NOW. No upfront fees, credit cards, Social Security Numbers or credit checks required.



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