Written & reviewed by Stephen A. Sobin, President of Select Commercial Funding LLC
Freddie Mac Optigo Program
Freddie Mac Cash Loan for Affordable Housing Preservation
The Freddie Mac Cash Loan for Affordable Housing Preservation is one of the Freddie Mac multifamily (Optigo) programs Select Commercial arranges nationwide. Its highlights and terms are below, and you can compare it on our Freddie Mac multifamily page or view today’s commercial mortgage rates.
Get a Free QuoteAbout the Cash Loan for Affordable Housing Preservation
Use: Long term loan for the acquisition or refinance of affordable multifamily properties.
Eligible Property Types: Garden, mid-rise, or high-rise multifamily properties that meet affordability criteria
Prepayment Penalty: Yield maintenance or defeasance, depending on the product
Program Highlights & Terms
- Size: Based on LTV and DSCR requirements.
- Use: Long term loan for the acquisition or refinance of affordable multifamily properties.
- Term: Up to 15 years
- Amortization: Up to 30 years
- LTV: Maximum of 80% market value
- DSCR: Minimum of 1.25x Eligible Property Types: Garden, mid-rise, or high-rise multifamily properties that meet affordability criteria
- Occupancy: Must meet the requirement of 90% occupancy for 90 days Prepayment Penalty: Yield maintenance or defeasance, depending on the product
- Other Terms: Get Free Fredie Mac Loan Quote Subordinate financing is permitted; Escrows for taxes and insurance are required; Securitization is available; Can be used for eligible mixed use properties; Allows for both floating and fixed rate options
Terms are indicative and set by Freddie Mac 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 Freddie Mac 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