Innovative Mortgage provides specialized financing for multifamily properties through the Freddie Mac Multifamily Loan program. As an industry leader in multifamily financing, Freddie Mac offers a range of options for investors and developers looking to purchase, refinance, or rehabilitate multifamily units.
Freddie Mac Multifamily Loan Offerings through Innovative Mortgage:
- Securitization Program: Innovative Mortgage participates in Freddie Mac’s multifamily securitization, which allows for the pooling and sale of mortgages to investors, providing liquidity and stability in the multifamily loan market.
- Loan Types and Terms: We offer both fixed and floating-rate mortgages, which can include interest-only periods and are typically amortized over 25-30 years. There are options for balloon payments at the end of the term or self-amortizing loans held in Freddie Mac’s portfolio.
- Property Types Eligible: The program supports traditional, student housing, senior housing, and affordable housing properties, with loans potentially held in Freddie Mac’s portfolio or sold to bond investors.
- Value-Add Loan Business: We offer value-add loans designed for modest property upgrades during the term of the loan, helping developers enhance property value through strategic improvements.
- Small Balance Loan (SBL) Program: Aimed at small multifamily properties with loan amounts ranging from $1 million to $5 million, this program supports a segment of the housing market that includes many affordable options for low- to very low-income households.
- 2024 Multifamily Caps: Freddie Mac’s multifamily loan purchases are subject to annual caps, with $70 billion set for each enterprise for a total of $140 billion during the calendar year, ensuring significant market participation and support for multifamily investments.
Why Partner with Innovative Mortgage for Freddie Mac Multifamily Loans:
- Expertise in Multifamily Market: Our team has the expertise to navigate the Freddie Mac Multifamily Loan program, aligning with your investment strategy and delivering optimal financing solutions.
- Tailored Financing Solutions: Innovative Mortgage prides itself on crafting financing strategies that match the unique needs of each property and investment scenario.
- Streamlined Application Process: We facilitate a smooth and efficient loan application process, leveraging our strong lender relationships and in-depth understanding of the Freddie Mac program.
Contact Innovative Mortgage for Your Multifamily Financing Needs:
Whether your goal is to purchase a new multifamily property or refinance an existing one, Innovative Mortgage is here to guide you through the Freddie Mac Multifamily Loan process with personalized service and expert advice.
Reach out to Innovative Mortgage today to explore your options for Freddie Mac Multifamily Property Financing. Our team is ready to help you secure the funding you need to make your multifamily investment a success.
