Written & reviewed by Stephen A. Sobin, President of Select Commercial Funding LLC
Fannie Mae Program
Fannie Mae Fixed-Rate Mortgage Multifamily Loan
The Fannie Mae Fixed-Rate Mortgage Multifamily Loan is one of the Fannie Mae multifamily programs Select Commercial arranges nationwide. Its highlights and terms are below, and you can compare it on our Fannie Mae multifamily page or view today’s commercial mortgage rates.
Get a Free QuoteAbout the Fixed-Rate Mortgage Multifamily Loan
The Fannie Mae Fixed-Rate Mortgage Loan offers flexible terms, competitive pricing, certainty of execution and fast underwriting, providing owners of existing, stabilized multifamily with first-lien permanent financing to purchase or refinance.
Program Highlights & Terms
- Eligible Properties & Borrowers: Existing, stabilized multifamily (conventional, affordable, seniors, student, MHC); minimum five units; MHCs minimum 50 pad sites; credit-worthy single-asset entity
- Term: 5 to 30 years
- Amortization: Up to 30 years
- Maximum LTV: 80%
- Minimum DSCR: 1.25x
- Prepayment Penalty: Yield maintenance and declining penalties available
- Recourse: Non-recourse with standard bad-boy carve-outs
- Other Terms: Fixed interest rate; supplemental financing available; typically assumable; escrows for replacement reserves, taxes and insurance required; stabilized occupancy (typically 90%) for 90 days prior to funding
Terms are indicative and set by Fannie Mae underwriting for your specific property.
What Our Clients Say
“I spoke to several commercial lenders before finding Select Commercial. They got me a lower rate and their service was exceptional. If you need a multifamily loan, you need to talk to Stephen.”
Nathan B. · Philadelphia, PA“Select Commercial was very helpful with my multifamily mortgage. Stephen went over several options and we came up with the best lender to meet my needs. I got the funds and also lowered my payments.”
Gary M. · Portland, OR“I found selectcommercial.com and saw they specialized in apartment building loans. In the end, they were by far the best company I have used. Next time I know who to call first.”
Jerry T. · Long Island, NY“As a real estate attorney, I trust that Select Commercial will deliver apartment building loans and commercial mortgages in a timely manner. The rates and terms offered are excellent. I heartily recommend them.”
David S. · New York CityGet Your Fannie Mae Quote
No cost, no obligation. Written answers within 48 hours on multifamily loans from $1,500,000.
- No application or processing fees
- Written answers within 48 hours
- For 5+ unit and commercial properties, $1.5M and up