What You Need to Know About Freddie Mac SBL Multifamily Loans

Freddie Mac is one of the biggest sources of multifamily loans in the country. In October 2014, they announced the addition of their Small Balance Program (SBL) apartment financing. The SBL program finances loans between $1 million and $7.5 million (although in the commercial real estate world “small loans” can often refer to loans under $15 million). Freddie Mac purchases loans from lenders and securitizes pools of over $400 million. Since their inception, they have funded over 10,385 loans totaling over $27 billion in volume. This blog post will introduce you to some of the basic criteria, details and highlights of the Freddie Mac SBL program.

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