Multifamily

• Fannie Mae
• Freddie Mac
• FHA/HUD
• CMBS
• Life Insurance Companies
• Commercial Banks
• Credit Unions
• REITs
• Investment Funds
• Family Offices
• Debt Funds
• Private Capital

• Permanent Debt
• Bridge Debt
• Mezzanine Debt
• Preferred Joint Venture Equity

• Acquisition
• Refinance
• Development & Reposition
• 1031 Tax Deferred Exchange

Affordable

Manufactured

Market Rate

Mixed-Use

Senior

Student

Apartments | Section 8 | Age Restricted | Mixed-Use | Manufactured Housing Communities | Mobile Home Park | MHP | RV Park | Trailer Park | Student Housing | Fraternity | Sorority | Senior Housing | Senior Apartments | Affordable Housing | Low-Income | Low Income Housing Tax Credit | LIHTC | Housing Assistance Payments Contract | HAP Contract | Rent Controlled | Rent Restricted | Rent Stabilized | Rent Subsidized | Workforce Housing | Tax Exempt Bond | Residential Income | Build for Rent | BFR | Built to Rent | BTR | Accessory Dwelling Units | ADU | SFR Portfolios

Fannie Mae

• Fannie Mae Green Rewards Loan Provides lower pricing, additional loan proceeds, and a free Energy and Water Audit Report to finance smarter, greener property improvements. Eligible improvements include new ENERGY STAR® appliances, energy efficient HVACs, low-flow toilets, LED Lighting, and more.
   
• Fannie Mae Moderate Rehab Loan Non-recourse, assumable financing for the acquisition or refinance of any asset class with planned capital improvements in excess of $8,000 per unit for the entire property. $10 million or greater.
   
• Fannie Mae Near-Stabilization Loan Permanent mortgage loan financing for newly constructed or recently renovated conventional and affordable multifamily apartment communities expected to achieve stabilized occupancy within 120 days. $10 million or greater.
   
• Fannie Mae Structured Adjustable-Rate Mortgage Loan Fannie Mae’s Multifamily Mortgage Business offers long term financing with a very competitive variable interest rate that is convertible to a fixed rate.
   
• Fannie Mae Small Mortgage Loan Streamlined fixed rate and variable rate financing for multifamily, manufactured housing and cooperative properties up to $6 million.
   
• Fannie Mae DUS® Supplemental Financing Loan Non-recourse, supplemental financing available on existing, fixed or floating, stabilized DUS Conventional properties, Multifamily Affordable Housing Properties, Seniors Housing Properties, Student Housing Properties, and Manufactured Housing Communities loans serviced by a Fannie Mae DUS lender as a property’s value and income stream increase.

  Bond Credit Enhancement transactions are eligible with prior approval of Fannie Mae. Fannie Mae must be the only debt holder on the property. $1 million or greater.

  Non-recourse, supplemental financing available on existing, fixed or floating, stabilized DUS Conventional properties, Multifamily Affordable Housing Properties, Seniors Housing Properties, Student Housing Properties, and Manufactured Housing Communities loans serviced by a Fannie Mae DUS lender as a property’s value and income stream increase.

  Bond Credit Enhancement transactions are eligible with prior approval of Fannie Mae. Fannie Mae must be the only debt holder on the property. $1 million or greater.
   

• Fannie Mae DUS® Manufactured Housing Property Lending Loan Non-recourse, fixed and adjustable rate financing for the acquisition or refinance of stabilized manufactured home communities where the Borrower owns the Manufactured Housing Community (MHC) sites and associated common amenities and infrastructure, and leases the individual pad sites to the owners of the manufactured homes.
   
• Fannie Mae DUS® Fixed Rate Loan Non-recourse, assumable fixed rate financing for the acquisition or refinance of stabilized multifamily rental or cooperative properties. $3 million or greater.
   
• Fannie Mae DUS® Bond Credit Enhancement Loan Fannie Mae provides credit enhancement for tax-exempt multifamily housing revenue bonds that have low- and moderate-income occupancy restrictions; Fixed rate bonds can be enhanced; Enhancement is rated AA, and can be used in either a new bond issuance, “Refunding,” or a “Credit Substitution”. $5 million or greater.
   
• Fannie Mae DUS® Multifamily Affordable Housing (“MAH”) Preservation – Fixed Rate Loan Non-recourse, fixed rate financing for the acquisition or refinance of stabilized multifamily rental properties that meet Fannie Mae’s definition of Affordable Housing. $3 million or greater.
   
• Fannie Mae DUS® Student Housing Loan Non-recourse, fixed and adjustable rate financing for the acquisition or refinance of stabilized Student. $3 million or greater.

  Housing properties where greater than 40% of the units are leased to undergraduate or graduate students.
   

• Fannie Mae Seniors Housing Loan Non-recourse, assumable financing for the acquisition or refinance of stabilized independent living (IL) and assisted living (AL) properties; Properties that assist residents with memory care (MC) are eligible for financing under Fannie Mae’s Seniors Housing Program;

  Properties should have achieved and sustained at least an average of 90% occupancy for the preceding 90 days; Newly constructed and stabilized Senior Housing properties, as well as campuses containing skilled nursing beds, are eligible for financing under Fannie Mae’s Senior Housing program, on a case-by-case basis;

  Buildings must be fully sprinklered; At least 80% of the beds must be private pay unless a waiver is granted; Buy-In and Rental Continuing Care Retirement Communities (CCRC’s) are also eligible, on a case-by-case basis.

Freddie Mac

• Freddie Mac Small Balance Loan Financing for the acquisition or refinance of small balance loans, offering partial-term and full-term interest-only pp to $7.5 million.
• Freddie Mac Conventional Fixed-Rate Loan Non-recourse, assumable fixed rate financing for the acquisition or refinance of stabilized multifamily rental or cooperative properties. Generally $5 to $100 million.
• Freddie Mac Conventional Floating Rate Loan Eligible property types are conventional structured transactions including standard multifamily, student, seniors, and manufactured housing. Floating-rate loans are not available for cooperative housing. Generally $5 to $100 million.
• Freddie Mac 9% LIHTC Cash Loan Optigo loans for affordable multifamily properties with 9% Low-Income Housing Tax Credits (LIHTCs).

  Transactions can be structured as a forward commitment for new construction or substantial

  rehabilitations, or an immediate funding for tenant-in-place rehabilitation.

• Freddie Mac Value-Add Loan Offers short-term, cost-effective financing for modest property upgrades. Borrowers receive competitive

  pricing and lower execution costs. Options for both interest-only and uncapped floating-rate loans are

  available. This loan is non-recourse and provides “one-stop shopping” for upgrade and permanent financing.

• Freddie Mac Lease-Up Loan For refinancing or acquiring newly constructed properties.
• Freddie Mac Direct Purchase of Tax-Exempt Loans Forward Commitments or Immediate financing for the acquisition or refinance of affordable multifamily properties with 4% Low Income Housing Tax Credits (LIHTC) with at least 7 years remaining in the tax credit benefit period. $3 million or greater.
• Freddie Mac Conventional Supplemental Loan Non-recourse, assumable fixed-rate and floating-rate supplemental financing for stabilized multifamily properties. Cooperative properties are considered on a case-by-case basis. $1 million or greater.
• Freddie Mac Conventional Manufactured Housing Community Loan Existing, stabilized, high-quality, and professionally managed manufactured housing communities (MHCs), with or without age restrictions, excluding Seniors Housing Loans.
• Freddie Mac Seniors Housing Loan Program Non-recourse, assumable financing for the acquisition or refinance of stabilized independent living (IL) and assisted living (AL) properties; Properties that assist residents with memory care (MC) are eligible for financing under Freddie Mac’s Seniors Housing Program;

  Properties should have achieved and sustained at least an average of 90% occupancy for the preceding 90 days; Newly constructed and stabilized Senior Housing communities, as well as campuses containing skilled nursing beds, are eligible for Freddie Mac’s Senior Housing program financing, on a case-by-case basis;

  Buildings must be fully sprinklered; At least 75% of the beds must be private pay unless a waiver is granted; Buy-In and Rental Continuing Care Retirement Communities (CCRC’s) are also eligible, on a case-by-case basis. $10 million or greater.
   

• Freddie Mac Affordable Moderate Rehabilitation Loan Bond Credit Enhancements provide for the moderate rehabilitation with tenants in place of affordable multifamily properties with 4% LIHTC. Financing for the moderate rehabilitation with

  tenants in place of affordable multifamily

  properties with 9% LIHTC.

• Freddie Mac Targeted Affordable Housing Preservation Loan Permanent financing for the acquisition or refinance of stabilized affordable multifamily properties. $3 million or greater.
• Freddie Mac Green Advantage Loan When you commit to reducing energy or water (by at least 30%, with a minimum 15% from energy), you can get better pricing and more funding through the Green Up and Green Up Plus programs. If your property is already green certified, see what the Green Certified, Green Rebate, and C-PACE programs can do you for your property.
• Freddie Mac Conventional Student Housing Mortgage Loan Financing for the acquisition or refinance of purpose-built student housing. May consider shorter student lease terms and combined student body of multiple schools to meet eligibility requirements. Generally $5 to $100 million.

FHA/HUD

• FHA HUD Section 223(a)(7) – Refinancing of Properties with Existing HUD Insured Debt Refinancing of Properties with Existing FHA-Insured Debt.
• FHA HUD Section 223(f) – Acquisition and Refinancing of Multifamily Properties Acquisition and Refinancing of Multifamily Properties. Generally up to $75 million.
• FHA HUD Section 221(D)(4) – Construction or Substantial Rehabilitation of Multifamily Properties Construction or Substantial Rehabilitation of Multifamily Properties. Generally up to $100 million.
• FHA HUD SECTION 232/223(F) – Acquisition and Refinancing of Healthcare Properties Acquisition and Refinancing of Healthcare Properties. For-Profit and Not-for-Profit.
• FHA HUD Section 232 – Construction or Substantial Rehabilitation of Healthcare Properties Construction or Substantial Rehabilitation of Healthcare Properties.
• FHA HUD Section 241(a) – Supplemental Loan to Finance Improvements FHA-insured supplemental mortgage for existing multifamily and healthcare properties financed with an FHA-insured first mortgage.

Bridge & Mezzanine

• Multifamily Bridge Loan This program is specifically designed for properties that are either stabilized or are in need of minor to moderate renovation or other value-add strategy.
• Healthcare Bridge Loan This program is specifically designed for properties that are either stabilized or are in need of minor to moderate renovation or other value-add strategy. If you are looking for FHA or Agency permanent debt but need short-term bridge financing.
• Short Term Mezzanine Financing Loan This program is specifically designed for properties that are either stabilized or are in need of minor to moderate renovation or other value-add strategy where the client needs leverage above a first mortgage bridge loan.
• Fannie Mae + Mezzanine Loan A DUS Lender Affiliate (“DLA”) Mezzanine Loan is a subordinate loan funded simultaneously with a newly originated Fannie Mae DUS loan (“Senior Mortgage”). The loan is secured by a 100% pledge of the equity interests in the Borrower. Non-recourse, subordinate financing of multifamily properties. $1 million or greater, Senior Mortgage minimum of $10,000,000.
• Multifamily Bridge to HUD Bridge loan on stabilized assets that are ready to start the HUD loan application process or are already submitted to HUD.