Revamped Freddie Mac Hybrid Small Apartment Loans for Fulfilling Necessities
Known
for offering highly competitive multifamily financing for loan sizes above $5million,
Freddie Mac hybrid small apartment loans have been introduced to the small loan
space needed worldwide. The Freddie Mac hybrid small apartment loans program was
designed specifically with unmatched program features and benefits to compete
directly with the leading national banks and other financial institutions. The Freddie
Mac hybrid small apartment loans are filling the gap present in the small
multifamily loan space especially for borrowers who are searching for
competitively priced, non-resource debt without yield maintenance or a balloon
payment at the end of the fixed term.
Highlights of Freddie Mac Hybrid
Small Apartment Loans
- Non-resource
- Step down prepay
- No yield maintenance
- No replacement reserves
- Converts to ARM at the end of fixed term
- Partial & Full term interest only available
- Highly competitive interest rates
- Tax returns not required
- 30 year amortization
- Cash out refinances
- Up to 80% LTV
Eligible & Ineligible Properties
for Freddie Mac Hybrid Small Apartment Loans
The
5+ multifamily units are qualifying for Freddie Mac hybrid small apartment
loans. A & B class assets with C class assets are considered on a deal by
deal basis. No restricted markets for this loan program; however, eligibility
may vary for sub markets considered as being higher risk. Non-contiguous properties
are acceptable if they are being operated as one and each property meets the
minimum LTV, DSCR and occupancy requirements to avail the benefits of Freddie
Mac hybrid small apartment loans. Properties with a HAP contract or LURA are eligible
on a deal-by-deal basis. Properties with a specific tenant concentration
greater than 40% are listed among ineligible properties.
Whom to Contact for Getting the Best
Value?
Looking
for a contact that can give you the best value for Freddie Mac hybrid small
apartment loans? ALB Commercial Capital is your not the best but the smart
choice to make a call. Get in touch with the experienced loan advisors of ALB
Commercial Capital to know more about FreddieMac hybrid small apartment loans that hit the market at the most
appropriate time to help borrowers with best ever profit. Make your call now!
Comments
Post a Comment