Multifamily: Fannie Mae Small Loan?

[Paul V.]

I'm interested in the Fannie Mae Small Loan program for the feature of 30 yr fixed interest rates on a loan amount of $1m to $3m.  This would be for the acquisition of a multifamily property in Colorado. 

Has anyone gone through the process of securing a fannie mae loan on an acquisition? Looking for lessons learned. 

Thanks!

[Ian Stuart]

Hi Paul: 

Late to the party here, but I'm a Freddie Mac & Fannie Mae multifamily loan originator with Berkadia who solely focuses on agency multifamily finance. Some context, my team did ~$350M in Freddie & Fannie loans throughout the Western US last year, and our firm is the #1 Freddie, #2 Fannie, and #3 HUD shop in the nation by loan volume. We focus primarily on Freddie, Fannie, and HUD conventional loans >$7.50M (our average deal size last year was around $20M), but we also originate small balance loans (Freddie SBL & Fannie Smalls).

Feel free to reach out anytime w/ questions on these. Happy to send over ballpark program sheets, talk high-level terms, and generally be a resource / sounding board.

Cheers, 

Ian