Written & reviewed by Stephen A. Sobin, President of Select Commercial Funding LLC
Freddie Mac Optigo Program
Freddie Mac Seasoned Loan Securitization
The Freddie Mac Seasoned Loan Securitization 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 Seasoned Loan Securitization
Collateral: Must include small balance multifamily loans and multifamily mortgage loans that are secured by properties with 9% LIHTC. These loans must have been originated at least one year before the Q-deal closing date
Structure: Flexible structures including both a 100% guaranty and a 90% guaranty of the senior certificates.
Freddie Mac Guarantee: Freddie Mac ensures the timely payment of both principal and interest principal on the guaranteed senior certificates.
Program Highlights & Terms
- Pool Size: $200 million or greater in UPB
- Collateral: Must include small balance multifamily loans and multifamily mortgage loans that are secured by properties with 9% LIHTC. These loans must have been originated at least one year before the Q-deal closing date
- Structure: Flexible structures including both a 100% guaranty and a 90% guaranty of the senior certificates.
- LTV: Loans above $1,500.000 allow up to 80% LTV
- DSCR: Freddie Mac Guarantee: Freddie Mac ensures the timely payment of both principal and interest principal on the guaranteed senior certificates. Get Free Fredie Mac Loan Quote Loans above $1,500,000 require a minimum of 1.20x DSCR
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