Bridge Capital
Commercial Mortgage

 
Multifamily "Agency"

Fannie Mae and Freddie Mac Apartment Loans

With credit markets now resolving a few issues some old sources of multifamily financing have returned as market leaders. Long before the Wall Street Conduits and the sub-prime lenders, the country's best multifamily loan programs came from these government organized stock companies (Fannie and Freddie). Well they are back and much improved with new flexibility, great rates and a more streamlined process.

Bridge Capital has extensive experience in underwriting and closing of apartment loans of 10 units or more.

Some Highlights:

  • Abbreviated paperwork
  • Fixed and floating rates
  • To 80% LTV from 1.25 to 1 DSC (minimum)
  • 30 Year amortizations
  • 5, 7 and 10 year fixed rate terms


                
          
  
Interest rates are ranging between 2.30% and 3.00% over ten year treasuries for ten year balloon loans depending on loan to value, location, and strength of market, lender & borrower.

Please call for a competitive quote for your project.



Current Fannie Mae Rate Summary

Contact: T. Budd Fletcher
831-239-8504
bridgecapital@gmail.com