Freddie Mac Low Income Housing Tax Credits Enhancement Multifamily Loans

Our Multifamily Loan Benefits

Multifamily Loan rates start as low as 3.01% (as of April 16th, 2021)
• 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

Are you currently a borrower with the Freddie Mac Bond Credit Enhancements, Freddie Mac Tax-Exempt Loans (TELs), or Freddie TAH Cash Loans multifamily programs? If so, the Freddie Mac Low Income Housing Tax Credits Enhancement Multifamily Loans program can help to provide you additional protection in the event of a foreclosure. In the event that Freddie Mac forecloses on the property, this program provides investors with a make-whole payment based upon the initial investment. This program assists with mixed-income rental housing financed with Freddie Mac Senior Debt and is just another way Freddie Mac is helping to support workforce housing.


Freddie Mac Low Income Housing Tax Credits Enhancement Multifamily Loan Highlights

Product Description: Provides additional protection in the event of foreclosure to borrowers of Freddie Mac Bond Credit Enhancements, Freddie Mac Tax-Exempt Loans (TELs), or Freddie TAH Cash Loans. In the event that Freddie Mac forecloses on the property, this program provides investors with a make-whole payment based upon the initial investment

 

Term: 10 years

 

LTV: Based on senior debt financing requirements

 

DSCR: Based on senior debt financing requirements

 

Eligible Borrowers: 80/20 developers. Must be financially capable and have a lot of experience in the relevant market

 

Property Types: Must be newly developed and stabilized high-rise and mid-rise mixed-income properties, 80/20s, or similar projects

 

Occupancy: Property must be fully stabilized with low-income tenants

 

 





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