Written & reviewed by Stephen A. Sobin, President of Select Commercial Funding LLC
Fannie Mae Program
Fannie Mae Structured ARM (SARM) Multifamily Loan
The Fannie Mae Structured ARM (SARM) 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 Structured ARM (SARM) Multifamily Loan
The Fannie Mae Structured ARM (SARM) offers very competitive variable interest rates that are convertible to fixed, attractively priced, amortized over 30 years, and typically without personal guarantees.
Program Highlights & Terms
- Property Eligibility: Existing, stabilized conventional, affordable, seniors, student or manufactured housing; properties in moderate rehab may be eligible; loans must be $25 million or more
- Term: 5, 7 or 10 years
- Amortization: Up to 30 years
- Maximum LTV: 75%
- Minimum DSCR: 1.00x
- Prepayment Penalty: First year is typically a lockout; after lockout a prepayment premium applies; no premium during the open period (usually the last 3 months)
- Recourse: Non-recourse with standard carve-outs for bad acts
- Other Terms: After the lockout, can be converted to a fixed-rate 7- or 10-year loan; supplemental financing available; typically assumable; escrows for replacement reserves, taxes and insurance
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