Multifamily Loans

Fannie Mae and Freddie Mac are some of the biggest lenders for multifamily loans. These are a government programs that govern a specific set of guidelines for lending. DUS lenders are used to underwrite and submit loan requests to Fannie and Freddie. At times the underwriting guidelines can make it difficult to get the loan you need through these programs.

A less commonly known lender for multifamily loans are insurance companies. They offer similar rates and terms to the government programs but can be more aggressive in the underwriting. Insurance companies have correspondent lenders who submit loan requests to them.

If you haven’t had an insurance company price your loan you may be leaving money on the table. We have seen loan offers that are non-recourse, assumable if the property is sold, issued on under-performing properties, additional advances based on improved performance, interest only periods, and some issued with very little liquidity reserves.

If you have a deal that Fannie Mae or Freddie Mac wouldn’t do, we would like to give you a second opinion. Our lenders will give you a matching offer in a worst case scenario. In most cases we find competitors can not compete with the terms and pricing available through our insurance company lenders.

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