Written & reviewed by Stephen A. Sobin, President of Select Commercial Funding LLC
Freddie Mac Optigo Program
Freddie Mac LIHTC Enhancement Loan
The Freddie Mac LIHTC Enhancement Loan 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 LIHTC Enhancement Loan
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
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
Program Highlights & Terms
- 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 Get Free Fredie Mac Loan Quote
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.”
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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