Ivan Kaufman, Chairman, President & CEO of Arbor Realty Trust, Inc., sits down with Steve Johnson, Vice President of the Small Loan Business at Freddie Mac Multifamily, for a discussion on how the Freddie Mac Small Balance Loan program has expanded liquidity to underserved markets.
Your first deal with Arbor as your lender is just the start as we strive to build upon your success, transaction after transaction, with a level of personalization, customization and local market knowledge rarely experienced in multifamily financing.
Your first deal with Arbor as your lender is just the start as we strive to build upon your success, transaction after transaction, with a level of personalization, customization and local market knowledge rarely experienced in multifamily financing.
Your first deal with Arbor as your lender is just the start as we strive to build upon your success, transaction after transaction, with a level of personalization, customization and local market knowledge rarely experienced in multifamily financing.
Your first deal with Arbor as your lender is just the start as we strive to build upon your success, transaction after transaction, with a level of personalization, customization and local market knowledge rarely experienced in multifamily financing
FANNIE MAE DUS® Moderate Rehabilitation (Mod Rehab) Supplemental Arbor offers subordinate financing options for multifamily properties that have completed moderate rehabilitation. Loan Amount 5-30 years; must be coterminous with the senior mortgage loan Amortization Up to 30 years Interest Rate Fixed and variable rate options available Maximum LTV Combined LTV as high as 75%, depending upon asset class and use of proceeds; may be higher for Multifamily Affordable Housing properties and assumptions Minimum DSCR Combined DSCR as low as 1.25x, depending upon asset class and use of proceeds; may be lower for Multifamily Affordable Housing properties Mod Rehab Supplemental Mortgage Loan Timing Within 36 months of origination of the Mod Rehab first mortgage loan; no one-year waiting period Benefits The Moderate Rehabilitation Supplemental Mortgage Loan is excluded from the one Supplemental Loan rule The loan sizing and pricing is comparable to the first lien mortgage loan Lower cost than refinancing Access to additional capital Certainty of execution Speed in processing and underwriting Eligiblity Stabilized Conventional, Multifamily Affordable Housing, Seniors Housing, Student Housing Properties, and Manufactured Housing Communities First Mortgage Read the full article…
FREDDIE MAC® Green Advantage®
When you’re ready to secure financing, we’re here to make the process go as smooth as possible. Having the following 10 items taken care of will help you stave off any last-minute road blocks.
