Freddie Mac Float To Fixed Rate Multifamily Loans

Our Multifamily Loan Benefits

Multifamily Loan rates start as low as 5.47% (as of February 24th, 2024)
• A commercial mortgage broker with over 30 years of lending experience
• No upfront application or processing fees
• Simplified application process
• Financing up to 80% LTV
• Terms and amortizations up to 30 years
• Long term fixed rates
• Loans for purchase and refinance, including cash-out
• 24 hour written pre-approvals with no cost and no obligation

Freddie Mac Multifamily Loan

The Freddie Mac Float-to-Fixed-Rate Loan, also referred to as the Two-Plus-Seven, provides investors with an an initial two-year period featuring an adjustable-interest rate, followed by a seven-year period with a fixed-interest rate. The first two years of the loan are interest only allowing for maximum cash returns early on in the loan term. Multifamily investors can use this program to finance all types of properties with the exceptions of seniors housing, student housing, manufactured housing communities and pre-stabilized assets. In addition, borrowers can significantly reduce their risk to interest rate increases by locking the interest rate for the fixed-rate portion of the loan at the initial closing.

Freddie Mac Float To Fixed Rate Multifamily Loan Highlights

Loan Size: Based on fixed rate pricing

Loan Term: 9 Years

Amortization: Up to 30 Years


Floating Rate Period:

  • 2 years
  • Interest only payments
  • No supplemental loans during floating-rate period


Fixed Rate Period:

  • 7 Years
  • Amortizing Loan with Defeasance
  • Ready for securitization
  • Rate can be locked at initial closing


Interest Rate:  

  • Variable-rate: 1-month LIBOR + 7-year floating pricing + 20 bps
  • Fixed rate: 7-year UST + 7-year fixed pricing + 20 bps


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A three year journey
"Thanks Stephen for all of your hard work in getting our deal closed! I appreciate your professionalism and patience throughout a complicated process. You always were there for my partner and I whenever we had questions and needed answers quick. It was a pleasure to have worked with you and Select Commercial!"