New Loan Documents – Fannie Mae Multifamily Loans
Wednesday, April 06
If you have not already heard Fannie Mae is in the process of changing their loan documents. This is the first major rewrite of Fannie docs in about 10 years and this is a substantial change from previous documents, both in form and content. Since Fannie is one of the largest multifamily lende...
Fannie Mae Small Multifamily Loans - Demystified
Wednesday, February 09
During the economic crisis of the last two years many banks that traditionally made loans to owners of small apartment properties have either left the business or cut back on lending. This has left many owners of small apartment properties with limited borrowing choices. One lender that has stu...
Yield Maintainance Prepayment Premium – Should I worry?
Monday, January 17
The question I get most asked is how does yield maintenance prepayment penalty work and should I be worried about it. This is especially true for borrowers who had previously borrowed from banks and are now looking at a loan from Freddie Mac or Fannie Mae. My short answer is that this is no...