Freddie Mac SBL for Multifamily Properties
Freddie Mac - Small Balance Loan (SBL)
The program is quick turnaround and is used primarily for refinance or acquisition of mid to small sized multifamily properties. The pricing terms and the non-recourse feature help this program to currently out-compete what the banks are offering.
- Loan size: $1 million to $7.5 million
- Multifamily property size: 5 or more units
- 5, 7 and 10 year terms available
- Up to 30-year amortization on all terms
- Up to 80% financing available
- Non recourse with standard carve outs
- Interest-only available
- Stepdown prepayment schedule available (YM better pricing)
- Debt coverage as low as 1.20
- Cash out equity available
- Quick closing execution of 45-60 days
Any questions, please call or email. Looking forward to connecting!
Thank you,
Benny
CapVest LLC
Desk: (215) 362-1610
Cell: (301) 273-5864
Fax: (866) 905-7437
Offering