Multifamily
loans are playing a crucial role in the market due to the U.S.
housing crisis. Among the top names for multifamily loan providers,
Fannie Mae's Small Apartment Loan Program is a leading name and
popular for its simpler terms. The Fannie Mae's Small Apartment Loan
Program is designed for competitive pricing, low cost execution,
limited requirement of third party reports and less documentation. It
offers flexible terms and great loan value.
Eligible
Property Types
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More than 5 units of multifamily property.
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Bungalows, Garden style, both two and three story, condo and Townhouse style properties are eligible.
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Available for both existing and newly constructed properties.
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Available for apartments of all grades
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Acceptable for mixed use properties Commercial (25%) + Residential (75%)
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Mobile Home Parks are also eligible (More than 15 pads)
Special
Features of Fannie Mae's Small Apartment Loan Program
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Nationwide availability
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Absolute zero outside legal fees
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No lender points and replacement reserves
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15 and 30 year Amortizations
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Both monthly and annual leases are acceptable
Need
more details on Fannie Mae's Small Apartment Loan Program? Get in
touch with our financial experts. At ALB Commercial, we have industry
experts to help you qualified
for Fannie Mae's Small Apartment Loan and other loan programs. For
queries and details, dial us at (800) 510-2214. Also visit our
website to get more details on different exclusive loan plans.
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