Written & reviewed by Stephen A. Sobin, President of Select Commercial Funding LLC
Freddie Mac Optigo Program
Freddie Mac Structured Pool Transaction Loan
The Freddie Mac Structured Pool Transaction 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 Structured Pool Transaction Loan
Pool Size: Generally $400 million or above (smaller UPBs will be considered)
Terms: Up to 30 years fixed rate, up to 10 years floating rate, or a mix of both
Rate Index: Fixed-rate: U.S. Treasury Securities Floating-rate: 1-month LIBOR index
Program Highlights & Terms
- Pool Size: Generally $400 million or above (smaller UPBs will be considered)
- Terms: Up to 30 years fixed rate, up to 10 years floating rate, or a mix of both
- Rate Index: Fixed-rate: U.S. Treasury Securities
- Floating-rate: 1-month LIBOR index
- Eligible Products: Program is eligible for most product types currently offered by Freddie Mac such as conventional, targeted affordable, seniors housing, student housing, manufactured housing communities.
- Rate Lock: Early rate-lock option is available, typically ranging from 60 to 120 days until Freddie Mac purchase. Index Lock and Standard Delivery are also available
- Recourse: Loans are non-recourse except for standard “bad boy” carve-outs
- Prepayment Penalty: Variety of prepayment options available
- Interest Only: Full and partial term interest-only options available
- Cross Collateralization: Choice of both crossed and uncrossed loans
- Release from Cross Collateralization: Freddie Mac offers flexible release options. However, release options may be subject to pool level LTV/DSCR test and premium payment, depending on specific deal structure
- Assumptions: Available for uncrossed pools. Assumptions on a crossed pool may be permitted on a case-by-case basis
- Supplemental Loans: Available subject to specific requirements found in Freddie Mac underwriting guidelines; additional loan-level or aggregate loan-to-value (LTV), debt service coverage ratio (DSCR) and net operating income tests may be needed 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.”
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