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Permanent financing for newly constructed or recently renovated conventional and affordable apartments expected to achieve stabilized occupancy within 120 days.

Fannie Mae and Freddie Mac


  • Conventional and multifamily affordable housing properties
  • Partially leased, newly constructed or recently renovated communities
  • Strong borrowers with demonstrated lease-up track record
  • Properties located in strong nationwide markets

$10 million+

Term: 5, 7, 10 and 12 year options

Amortization: up to 30 years

Interest Rate: 3.5% to 4.5% (fixed and variable); interest only first 12 months with extensions

Loan to Value and DSCR:

  • Maximum “as stabilized” LTV 75% 
  • Minimum DSCR: 1.25x (1.15x for MAH)

Physical occupancy 75% at rate lock.

Full disbursement of loan proceeds at closing.

Prepayment: yield maintenance or declining schedule

Rate lock with streamlined option

Accrual: 30/360 and actual/360


Required escrows: replacement reserve, tax and insurance 

3rd party reports: appraisal, Phase I Environmental Assessment and Property Condition Assessment


To get started, please click the blue Permanent Financing for Near Stablized Apartments Link for FREE PRE APPROVAL LOI within 48 business hours. With a few clicks of your mouse it TAKES LESS THAN 6 MINUTES to submit your online loan request. No upfront fees, credit cards, Social Security Numbers or credit checks required.









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