Synergy Capital Markets

Freddie Mac Apartment Loan Program Overview:

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Overview:

• The Freddie Mac Multifamily Loan program provides flexible apartment financing solutions with competitive market-driven pricing for the acquisition, refinance, or moderate rehabilitation of apartment communities.

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Loan Size:

• $5,000,000 with no maximum. 

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Maximum Loan-to-Value:

• ​​80% LTV.

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Maximum CLTV:

• 100% is possible with Joint Venture

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Eligible Locations:

• All 50 states, Puerto Rico, U.S. Virgin Islands, and Guam.

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Fixed Rate Term:

• 5 to 30 years

• Interest Only Availabl

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Amortization:

• 30 years. 

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Minimum DSCR:

• 1.25. 1.20 in Major Markets.

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Prepayment Penalty:

• Varies

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Guarantee:

• Non-recourse for most loans subject to standard carve-outs.

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Assumable:

• Yes, subject to lender approval.

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Escrows:

• Tax and insurance required on higher leveraged loans.

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Third Party Reports:

• Appraisal, Market Study, Phase I Environmental, Engineering Report and Seismic where applicable.  

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Sponsor Requirements:

• 650 minimum credit score

• Collective net worth of key principals must exceed loan amount

• Minimum liquidity of nine months debt service

• Local ownership no prior multifamily experience required

• ​Absentee ownership requires two years comparable multifamily ownership experience