The Freddie Mac Supplemental Mortgage offers an additional option in conjunction with a newly originate or seasoned conventional multifamily mortgage.
|Loan Amount||$1,000,000 minimum.|
|Loan Term||Seasoned – Must be coterminous with original mortgage or may exceed original mortgage by up to 24 months.|
|Minimum DSCR||1.25 for acquisition, 1.30 for cash-out refinance.|
|Maximum LTV||Initial LTV unless otherwise noted.|
|Eligible Borrower||Original Borrower or lender-approved transferee.|
|Assumable||Subject to approval and 1% fee (non-recourse loans only).|
|Origination Fee||Par pricing is not available.|