Fannie Mae Student Housing Multifamily Loan

Are you looking to finance the acquisition or refinance of a student housing multifamily property? If so, the Fannie Mae Student Housing Multifamily Loan program may be the perfect option for you. This program provides financing solutions tailored specifically to each deal. The pricing is extremely competitive and the speed and certainty of execution are hard to beat. These loans offer terms and amortizations of up to 30 years, are generally non-recourse and can get up to 75% LTV.

Fannie Mae Student Housing Multifamily Loan Highlights

Property and Borrower Eligibility:

• Must be an existing, stabilized student housing property.
• Must cater to student tenancy base
• Property cannot be located on university-owned land
• At least one key principal should have similar experience

Term: 5 to 30 years

Amortization: Up to 30 years

Interest Rate: Both fixed and variable rate options are available

Maximum LTV: 75%

Minimum DSCR:

• 1.3x for fixed rate loans
• 1.05x for variable rate loans (subject to a fixed rate test)

Recourse: Loans are typically non-recourse with standard carve-outs for bad boy acts

Prepayment Penalty: Flexible options are available including yield maintenance and declining penalties

Other Terms:

• Loans are typically assumable
• Supplemental financing is available
• Escrows for replacement reserves, taxes and insurance are generally required