Fannie Mae Small Loans for Multifamily Characteristics and Apartments
Fannie Mae Multifamily Loans for Apartment Structures and Multifamily Developments
While standard Fannie Mae multifamily loans are extremely popular among multifamily investors, their $3 million minimum and lengthly paperwork requirements implies that they could never be the best loan for all. Happily, Fannie Mae also provides Fannie Mae Small Loans, which may have a minimal loan quantity of $1 million and a notably structured application process. The same as its bigger sibling, Fannie Mae DUS Loans, Fannie Mae Small Loans provide competitive interest levels, are mainly non-recourse, and loans that are non-recourse completely assumable (with loan provider approval and a 1% charge.)
Continue reading below to find out more, or just click here to install our easy-to-read Fannie Mae Small Loan term sheet.
Test Fannie Mae Terms For Tiny Multifamily Loans
Size: $1 million to $6 million
Terms: 5-30 12 months loan that is fixed-rate available, adjustable-rate and hybrid supply choices additionally available. Partial and full-term interest-only may additionally be available.