Commercial Real Estate Division

Commercial Real Estate - Freddie mac

Freddie Mac Apartment Loan Program Overview:

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.

Loan Size:

  • $5,000,000 with no maximum. 

Maximum Loan-to-Value:

  • ​​80% LTV.

Maximum CLTV:

  • 100% is possible with Joint Venture

Eligible Locations:

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

Fixed Rate Term:

  • 5 to 30 years

  • Interest Only Availabl

Amortization:

  • 30 years. 

Minimum DSCR:

  • 1.25. 1.20 in Major Markets.

Prepayment Penalty:

  • Varies

Guarantee:

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

Assumable:

  • Yes, subject to lender approval.

Escrows:

  • Tax and insurance required on higher leveraged loans.

Third Party Reports:

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

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

 

 Synergy Capital Markets

9453 De Soto Avenue

Suite M

Chatsworth, California 91311
 

CONTACT US

Synergy Capital Markets, is an institutional alternative real estate finance investment adviser, investor and underwriter. Synergy Capital Markets does not offer, and does not offer to provide any broker dealer or market maker services. Synergy Capital Markets operates this website at www.SynergyCapitalMarkets.com (referred to as the “Website”). By accessing this Website and any pages thereof, you agree to be bound by its Terms of Use and Privacy Policy. Past performance is no guarantee of future results. Any historical returns, expected returns, or probability projections may not reflect actual future performance. We do not provide financial planning services to individual investors. Synergy Capital Markets does not provide tax advice and does not represent in any manner that the outcomes described herein will result in any particular tax consequence. Prospective investors should conduct their own due diligence, not rely on the financial assumptions or estimates displayed on this Website, and are encouraged to consult with their own financial advisor, attorney, accountant, and any other professional that can help you / them to understand and assess the risks associated with any real estate investment opportunity. Full Disclosure

© 2018 by Synergy Capital Markets