Freddie Mac Structured Pool Transaction Multifamily Loans
Our Multifamily Loan Benefits
Multifamily Loan rates start as low as 5.88% (as of April 23rd, 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 Structured Pool Transaction multifamily loans offers a unique financing solution for those with substantial multifamily assets. This program is ideal for borrowers who want customized financing for their larger properties and/or portfolios. Since this program utilizes a loan component structure, borrowers have more flexibility on individual property strategy as the debt is not assigned at the asset level. Plus, the Freddie Mac Structured Pool Transaction Multifamily Loans program offers highly tailored and versatile loan terms such as a mix of fixed- or floating-rate debt, laddered maturities, different prepayment structures, and flexible release options. Most products offered by Freddie Mac are applicable such as conventional, targeted affordable, seniors housing, student housing and manufactured housing communities.
Freddie Mac Structured Pool Transaction Multifamily Loan Highlights
Pool Size: Generally $400 million or above (smaller UPBs will be considered)
Terms: Up to 30 years fixed rate, up to 10 years floating rate, or a mix of both
Rate Index: Fixed-rate: U.S. Treasury Securities
Floating-rate: 1-month LIBOR index
Eligible Products: Program is eligible for most product types currently offered by Freddie Mac such as conventional, targeted affordable, seniors housing, student housing, manufactured housing communities.
Rate Lock: Early rate-lock option is available, typically ranging from 60 to 120 days until Freddie Mac purchase. Index Lock and Standard Delivery are also available
Recourse: Loans are non-recourse except for standard “bad boy” carve-outs
Prepayment Penalty: Variety of prepayment options available
Interest Only: Full and partial term interest-only options available
Cross Collateralization: Choice of both crossed and uncrossed loans
Release from Cross Collateralization: Freddie Mac offers flexible release options. However, release options may be subject to pool level LTV/DSCR test and premium payment, depending on specific deal structure
Assumptions: Available for uncrossed pools. Assumptions on a crossed pool may be permitted on a case-by-case basis
Supplemental Loans: Available subject to specific requirements found in Freddie Mac underwriting guidelines; additional loan-level or aggregate loan-to-value (LTV), debt service coverage ratio (DSCR) and net operating income tests may be needed
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