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Home > Apartment Loan Center
Refinance or Purchase
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Freddie Mac Multifamily Small
Balance Loan Program
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Known for providing highly
competitive
multifamily financing for loan sizes
above $5 million, Freddie Mac has entered the
small loan space with its aggressive Hybrid
ARM Small Balance Apartment Loan program. The Small
Balance program was designed with program
features and benefits to compete directly with
Fannie Mae’s Small Apartment Loan program
and programs offered by leading
national banks.
The Freddie Mac Small
Balance Apartment Loan program fills a gap in the
small multifamily loan space ($1MM-$5MM) for borrowers
seeking competitively priced, non-recourse debt
without yield maintenance, or a balloon payment
at the end of the fixed term. |
Freddie Mac Small
Balance Apartment
Loan Program Highlights |
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Non-recourse
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No yield maintenance – step down prepay
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Converts to ARM at end of fixed term
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Highly competitive interest rates
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Up to 80% LTV
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30 year amortization
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Full term interest only available
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No replacement reserves
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No underwriting floor rate maximizes proceeds
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Tax returns not required
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Assumable
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Cash out refinances
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Banc Series Bank Balance Sheet Apartment Loans
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The
Banc Series Apartment
Loan program is a dynamic mix of bank balance sheet loan
programs for 5+ unit multifamily properties. By
partnering with the most competitive and aggressive
banks in the country to create the Banc Series? product
line, we can custom tailor financing based on location,
property characteristics, and investor (sponsorship)
profile — providing you with most competitive and
dynamic apartment financing options available to meet
your individual goals and objectives.
Apartment loan refinance and purchase programs
available.
- 5+ unit apartment buildings
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Mixed-use properties (25% commercial)
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Mobile home parks
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Rate lock at application – hedge short term interest
rate risk with up to 90 day locks
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Fannie Mae Multifamily Loans
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With industry low interest
rates, customized terms and certainty of execution, the Fannie Mae DUS Multifamily Loan
platform is one of the single largest sources of capital to the
multifamily housing market.
Hedge interest rate risk with fixed
rate terms up to 30 years, maximize cash flow with low
rates and interest only payment options, and maximize
leverage with up to 80% LTV.
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Non-recourse / Assumable
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Up to 30 year fixed interest rates
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Up to
80% LTV purchase and refinance
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HUD FHA Multifamily and Apartment Building Loans
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Capital Assets, Inc
originates HUD FHA
insured apartment mortgages
under
FHA Section
223(f) and
221(d)(4)
for the acquisition or refinancing of apartment and
multifamily housing properties.
HUD FHA
apartment loans are a great financing option
for borrowers looking for maximum leverage and longer
fixed rates and terms.
Financing also available for
healthcare properties through FHA Section 232.
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Up to 35 and 40 year fixed rate terms
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Leverage up to 87%
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Non-recourse / assumable
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No population or geographic restrictions
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Market rate or affordable
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Construction or permanent financing
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Capital Markets – CMBS, Life Company, REIT
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The capital and secondary
markets play an important role in providing both debt
and equity to the multifamily housing community. With more
than two decades of
experience and deep
capital market
relationships, we
ensure proper loan
structuring and
successful execution
at the lowest fixed
rates and costs.
Sources of capital include CMBS, REIT, life company,
hedge funds, pensions and more.
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Loan sizes starting at $5mm
- Single and multiple asset execution
- Debt and equity available
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Long-term, fixed-rate and floating options
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Non-recourse / assumable
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Apartment, student, senior, mobile home park
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Multifamily Specialty Property Types
and Programs
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Dedicated Student Housing
Loans – Designed for the special needs
financing of the student housing market.
Capital Assets, Inc provides student housing
loans with flexible
financing terms,
including
supplemental loans
and structured
transactions.
Seniors Housing Loans
– Seniors housing
loans for properties
that provide Independent Living, Assisted Living
with or without Alzheimer’s care. Bond Credit
Enhancements available for non-profits and owners of
affordable seniors housing facilities.
Affordable Housing
Loans –
Affordable housing
loans available for
multifamily properties, suburban garden apartment,
high-rise, new construction, and renovation of
existing properties. Forward commitments and LIHTC
debt financing, bond credit enhancements, and equity
solutions available.
Military
Housing Loans – Dedicated loan
program for properties with more than a 20% military
tenant concentration, or the subject’s market is
heavily influenced by a military base.
Cooperative
Apartment Loans – Cooperative
financing program provides financing options for
properties in which the residents collectively own
the building(s) and property through their shares in
the cooperative corporation. The cooperative
corporation grants occupancy rights to the
shareholder tenants through proprietary leases.
Manufactured Community
Housing Loans – Flexible financing terms
with competitive pricing for ground lease
manufactured housing communities with a minimum of
50 sites.- Interest Only Apartment Loans –
For qualified properties and sponsors, Capital Assets, Inc
provides stated income apartment loans through
multiple programs.
- Non-Recourse Apartment Loans –
Apartment loans with no personal recourse (with
exception of standard carveouts) are available for
many of our multifamily programs.
Mezzanine
Apartment Loans – Mezzanine
financing for apartment and multifamily properties
is available for well qualified sponsors with assets
located in major markets.
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Stated Income
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The
stated income apartment
loan program does not require personal or business tax
returns. Personal financial statements and three years
of property operating statements are required to verify
ability to service the debt.
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Tax returns not required
- No personal or global debt DSCR
- Property operating statements required
- Credit and financial capacity requirements
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Bridge Apartment Loans
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Short term or bridge
apartment loans are available for the renovation or
repositioning of multifamily properties. Program can
also be used for stabilized properties requiring a quick
close or waiting for a permanent close.
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$5 million minimum
- Strong experienced sponsorship req.
- Up to 80% loan-to-cost
- Floating rate over LIBOR
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Apartment loan
refinance and purchase availability — including LTV,
DSCR, and loan size — may vary depending on property
location, economic conditions, exposure, and other
variables that may negatively influence risk. Loan
programs and program guidelines (including, without
limit, fees, rates and features) are subject to change.
Information provided is not an offer to make a loan and
should be used for informational purposes only.
Visit
Capital Assets, Inc’s home page to learn more about all of our
commercial mortgage programs.
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Freddie Mac and
Freddie Mac Multifamily are registered trademarks of
Freddie Mac. Fannie Mae and Fannie Mae DUS are
registered trademarks of
Fannie Mae.
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