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For example, properties purchased with a Freddie Mac Small Balance Loan (SBL), can derive up to 40% of their income from commercial rents.Īlabama Commercial Real Estate | Alaska Commercial Mortgages | Arizona Commercial Real Estate Loans | Arkansas Commercial Property Loans | California Commercial Mortgages | Colorado Commercial Property Loans | Connecticut Commercial Mortgages | Delaware Commercial Real Estate Loans | Florida Commercial Property Loans | Georgia Commercial Mortgages | Hawaii Commercial Property Loans | Idaho Commercial Real Estate Loans | Illinois Commercial Mortgages | Indiana Commercial Real Estate Loans | Iowa Commercial Property Loans | Kansas Commercial Mortgages | Kentucky Commercial Real Estate Loans | Louisiana Commercial Mortgages | Maine Commercial Real Estate Loans | Maryland Commercial Property Loans | Massachusetts Commercial Real Estate Loans | Michigan Commercial Mortgages | Minnesota Commercial Real Estate Loans | Mississippi Commercial Property Loans | Missouri Commercial Mortgages | Montana Commercial Real Estate Loans | Nebraska Commercial Property Loans | Nevada Commercial Mortgages | New Hampshire Commercial Property Loans | New Jersey Commercial Real Estate Loans | New Mexico Commercial Real Estate Loans | New York Commercial Real Estate Loans | North Carolina Commercial Property Loans | North Dakota Commercial Mortgages | Ohio Commercial Property Loans | Oklahoma Commercial Mortgages | Oregon Commercial Real Estate Loans | Pennsylvania Commercial Property Loans | Rhode Island Commercial Mortgages | South Carolina Commercial Property Loans | South Dakota Commercial Real Estate Loans | Tennessee Commercial Mortgages | Texas Commercial Mortgages | Utah Commercial Property Loans | Vermont Commercial Real Estate Loans | Virginia Commercial Property Loans | Washington Commercial Mortgages | West Virginia Commercial Real Estate Loans | Wisconsin Commercial Property Loans | Wyoming Commercial Mortgages In addition to Fannie Mae, its brother corporation, Freddie Mac, also purchases and insures multifamily mortgages, including some that allow for a degree of commercial property use. Recourse: Non-recourse, standard carve-outs applyįreddie Mac ® Also Insures Multifamily Loans While terms vary significantly with different loan products, most Fannie Mae Multifamily loans have the following terms: Some of the most popular kinds of Fannie Mae multifamily loans include:įannie Mae DUS Loans: The most popular multifamily loan program offered by Fannie Mae, the DUS program allows for loans of $3 million or above.įannie Mae Multifamily Small Loans: These multifamily loans are sized between $750,000 and $5 million, and offer streamlined underwriting and documentation requirements.įannie Mae Affordable Housing Loans: With a minimum loan size of $1 million, this program is designed especially for properties using the Section 8 Housing Assistance Program (HAP), projects with expiring LIHTC tax credits, or projects using other, specific, affordable housing arrangements.įannie Mae Senior Housing Loans: With a minimum loan size of $5 million, these loans are available to independent living, assisted living, and Alzheimer’s/Dementia care projects for senior citizens. Or, they can derive 20% of the property's income from commercial sources (whichever is less). While Fannie Mae does not offer direct commercial real estate loans, investors can rent a certain amount of commercial space if they use an FNMA loan to purchase a multifamily property.įor example, apartments purchased with a Fannie Mae DUS loan are permitted to have up to 35% of their property's space occupied by commercial tenants. To do so, it purchases residential mortgages from lenders and securitizes, or pools them, into mortgage-backed securities.
government sponsored enterprise that focuses on expanding housing opportunities across the United States. FNMA, or Fannie Mae Mortgage Association, is a U.S.