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Freddie Mac Revolving Credit Facility

Freddie Mac Revolving Credit Facility

The Freddie Mac revolving credit facility provides the ability to lock credit terms and spreads prior to identifying properties, certainty of execution, continuous access to capital, and is an ideal financing vehicle for transitional assets.

Revolving Credit Facility Options and Requirements
Description Secured line-of-credit; borrower can move assets in and out of the facility while adhering to the defined credit parameters
Type of Funding Continuous funding as assets are moved in and out of the facility, non recourse basis
Collateral - Conventional first lien mortgages for acquisition rehabilitation/upgrade, acquisition, or refinance
- No minimum occupancy rate is required
Facility Amount - Initial commitment of $100 million or more
Facility Term 5 years
Pricing Floating rate; full-term interest-only; the facility will be indexed to a 1 month or 3 month LIBOR
-Spreads locked for life of facility for three debt coverage ratio (DCR) levels and one LTV level
Available for Securitization No
Min DSCR DSCR Calculator 1.45x
Cross-Collateralization Under one or more notes, assets will be cross-collateralized and cross-defaulted
Release of Collateral Allowed
Assumptions Non-assumable
Interest Rate Cap Available through third-parties
Annual Valuation Applicable
Fees Transaction, application, legal, unused capacity and commitment, seasoning, termination and release fees may apply

Program Plus Freddie Mac Loans

Program Plus Options
Fixed Rate Loans Floating Rate Loans
Lease-Up Loans Manufactured Housing Community Loans
Revolving Credit Facility Student Housing Loans
Supplemental Loans Value-Add Loans

Affordable Housing Freddie Mac Loans

Affordable Housing Options
9% LIHTC Cash Loans Bond Credit Enhancement with 4% LIHTC
Bond Credit Enhancement with Other Affordability Components Cash Loan with Other Affordability Components
Direct Purchase of Tax-Exempt Mortgages Preservation Rehabilitation Financing
Supplemental Loans Tax-Exempt Bond Securitization (TEBS)
Variable Liquidity Pricing

Other Freddie Mac Loans

Other Freddie Loan Types
Student Housing Loans Small Balance Loans
Freddie Mac Single-Family Rental (SFR) Pilot Program

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Fernando and Leanne are Amazing

Fernando and Leanne are amazing. I had many small businesses that need refinancing over the years. I have met many Brokers and there is always a catch. ALWAYS!… Use them! Once you do you will work with them forever

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She Took Care of All My Needs

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.

- Vincent Arias

Commercial Loan Direct Streamlined the Whole Process

We were in unfamiliar territory when it came to refinancing. Commercial Loan Direct streamlined the whole process for us. Leann connected us with lenders that were the right fit for us. The money and time we saved was so worth it. I highly recommend them

- Rita Pisarski