Fannie Mae Multifamily Small Loan Program
I have an unique deal in the works. Its for a total of 21 units but it consists of 4- 4 unit buildings and 1-5 unit building. They are all consecutive but have separate tax parcels.
My question is has anyone dealt with the Fannie Mae Multifamily small loan program and one step deeper the fannie mae scattered sites?
The reason I ask is because in this program it says you can get a loan ranging from $750,000.00-$5,000,000.00 non recourse ranging from 5-15 year fixed amortized over 30 years. It seems like a much better deal than conventional lending if you and the building qualify.