1-630-454-7400

	Connect with Capital Assets,Inc
	Apartment Loans Commercial Loans Capital Markets Loan Process Hard Money/Bridge Loan Blog

Commercial Lending Center

A diverse mix of commercial real estate loans to meet your individual needs and investment objectives.


How can we help?
Call, email or request an online commercial mortgage quote. It's your choice. We're here to help.
	Give us a call 1-630-454-7400
	Contact us online or by email
	Request an online quote

Commercial Mortgage Loans

Why Choose Capital Assets,Inc

Capital Assets,Inc has the knowledge, expertise and strategic relationships required to provide you with the most competitive rates and terms for your commercial property loan.

Multiple commercial financing options
Competitive interest rates, terms and costs
Knowledgeable and seasoned commercial mortgage specialists
Certainty of execution
Convenient electronic loan process saves you time and money

Learn more

Request a Quote Today!

Provide some basic information about the property and commercial real estate financing you’re seeking and we will provide a no cost no obligation quote.

Security and privacy protected
No social security number required
No credit inquiry
No cost or obligation

Commercial Learning Center

Home > Commercial Loan Center Refinance or Purchase

Fannie Mae Cooperative Multifamily Loan Program Overview

The Fannie Mae 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. View Fannie Mae multifamily loan interest rates

Fannie Mae Multifamily Cooperative Loans for Apartment Buildings and Condos Program Guidelines

Eligible Properties	Existing stabilized Cooperative Properties in eligible Cooperative Property markets. Cooperative corporations with strong financial management and solid operating history. Limited equity cooperatives targeted for low and moderate-income families may be eligible.
Eligible Locations	Call.
Loan Size	$1,000,000 minimum with no maximum.
Fixed Rate Term	5-30 years.
Amortization	30 years.
Minimum DSCR	1.00 on actual operations and 1.55 based on market rents.
Maximum LTV	55%.
Interest Only	Available.
Interest Accrual	Actual/360 or 30/360.
Prepayment Penalty	The greater of 1% or yield maintenance.
Guarantee	Non-recourse for most loans subject to standard carve-outs.
Assumable	Yes, subject to lender approval.
Supplemental Loan	Available 12 months from date of closing of first loan.
Rate Lock	At commitment. Extended rate lock up to six months available.
Property Requirements	The average of the last three (3) years of maintenance fee accounts receivable as a percentage of total annual maintenance fees must not exceed three percent (3%). The property management company is required to have experience with cooperative properties of like size and market. Reserve Balance: greater than or equal to 10% of annual maintenance fees. Co-op is required to charge maintenance fees to sufficient levels to achieve a balanced budget. Generally, no more than 40% of the units may be owned by the Sponsor.