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Fannie Mae Fixed Rate Apartment Loans

Fannie Mae Fixed Rate Apartment Loans

Fannie Mae’s Multifamily Mortgage Business offers financing options for loans with fixed-rate options for the acquisition or refinance of apartments or other multifamily properties. This program provides flexible financing, competitive pricing, and a fast execution. Eligible property types include existing, stabilized conventional, affordable housing, seniors housing, student housing, and manufactured housing properties.

Fannie Mae Fixed Rate Apartment Loans
Term 5, 7, 9, 10, or 15 years. Affordable Housing mortgage loans and Bond Credit Enhancements have a minimum of 10 year term.
Amortization Up to 30 Years
Max LTV 80%
Min DSCR DSCR Calculator 1.25x
Index Applicable term constant maturity treasury.
Interest Rate Fixed and variable rate options
Rate Lock 30- to 90-day commitments. An early rate lock feature is available allowing the borrower to lock a rate 45 to 180 days in advance of closing.
Prepayment Options Yield maintenance and other graduated prepayment options. No prepayment premium if loan paid within the last 90 days of the loan term.
Fannie Mae Loan Programs
Adjustable Rate Mortgage 7-6 Affordable Housing Preservation
Bulk Delivery Choice Refinance Program
Cooperative Property Financing Credit Facility
Fixed-Rate Mortgage Fannie Mae Standard DUS Loans
Green Preservation Plus Manufactured Housing Mortgages
M-PIRE Mortgage Senior Housing Financing
Structured Adjustable-Rate Mortgage Student Housing Financing
Supplemental Tax-Exempt Bond Credit Enhancement

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If you searching for a great experience Commercial Loan Direct is the place. Leanne took care of me and honestly had the greatest experience. She handled all of my needs in a smooth and timely manner listened and addressed any concerns I had about the process and was very patient. I can be quite a handful at times and Leanne was so professional and kind hearted. I'd 100% recommend this company. Thank you again.

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