Apartment market info
AM Market commentary:
Freddie Mac Small Balance Loan Program
Typical Rate: 4.13% on a 5 year-fixed rate, standard market property. Top markets and lower LTV deals may have lower rates.
Product Highlights and Features:
- Non-recourse
- Cash out available
- Up to 80% LTV
- Minimum 1.25 DSC
- 30-year amortization
- Interest-only available
- Available Nationwide
- Loan amounts of $1-5 million
- Hybrid and fixed rate programs available
- Stepdown prepay standard (yield maintenance available)
- Assumable
- Escrow for taxes
- No escrows for insurance or replacement reserves
- Hybrid program has a 20-year term, starting with a 5, 7 or 10-year fixed rate period
Please reach out to me to discuss any potential deals. Have a great day!
Mark Creason
President
Falkirk Capital, LLC
17776 Preston Road
Suite 200
Dallas, TX 75252
469-200-4634
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