Small Balance Multifamily Loans
Small Balance Multifamily Loans are popular financing options for apartments with less than 100 units. Assets with over 100 units may be permitted with approval.
The maximum loan amounts are $6 million for Fannie Mae’s Small Loan program, and $7.5 million for Freddie Mac’s Small Balance program.
- Existing stabilized multi-family properties
- Up to 30 years amortization
- Maximum LTV 80%
- Non-recourse available with standard carve outs
- Interest only available
Small balance multifamily loans offer Investors a flexible financing option without third party reporting requirements and complex documentation.