Commercial Real Estate Division
Commercial Real Estate - Fannie mae
Fannie Mae Apartment Loans for Military Housing Program Guidelines:
Stabilized 5+ unit multifamily properties with a military tenant concentration greater than 20%.
$1,000,000 with no maximum.
100% is possible with Joint Venture
All 50 states, Puerto Rico, U.S. Virgin Islands, and Guam.
Fixed Rate Term:
Up to 30 years
85% physical / 80% economic for 90 days prior to closing.
The greater of 1% or yield maintenance.
Non-recourse for most loans subject to standard carve-outs.
Yes, subject to lender approval.
Tax and insurance required on higher leveraged loans.
Third Party Reports:
Appraisal, Market Study, Phase I Environmental, Engineering Report and Seismic where applicable.
Single asset single purpose U.S. entity.