Freddie Mac loans serve as a robust financing solution for multifamily investors. They offer a range of fixed and floating-rate options with varying terms, often at competitive rates. These loans are versatile, supporting activities like property acquisition, refinancing, and even renovation or redevelopment projects.
Freddie Mac offers a diverse portfolio of loan products that can be used for the acquisition or recapitalization of multifamily housing. For multifamily projects that meet program requirements, Freddie Mac is often the preferred program regardless of the specific type of housing. It’s widely used to purchase and refinance small and large projects of different housing types.
Freddie Mac Multifamily Loans FAQ’s
What Are Freddie Mac Multifamily Loans?
The Federal Home Loan Mortgage Corporation (Freddie Mac) has a variety of commercial real estate loan programs available, including programs for both single-unit and multifamily housing.
The multifamily loan programs that Freddie Mac offers are generally for structures that have five or more units, which may be in a single building or spread out across multiple structures. Loans are also available for much larger projects, with no real maximum on the number of units a project can have. (Programs have maximum amounts that can be borrowed.)
All of Freddie Mac’s loan programs have certain requirements that must be met, and there isn’t room for negotiation on requirements. Most real estate investors are able to qualify for at least one of the programs, however, because there are so many different multifamily financing options available.
The government-sponsored agency’s various programs can be categorized according to interest rate structure, type of housing, and specialized programs.