FNMA and Freddie Mac Apartment and Healthcare Loans

FNMA DUS LOANS - Freddie Mac Multifamily Loans
National Fannie Mae, Freddie Mac and FHA Multifamily and Healthcare Lender
National Affordable Multifamily Housing Lender

Loan Term:
5 to 30 years
Loan Amount: $5,000,000 to $100,000,000
Debt Servce Coverage: 1.25 to 1 (Higher DSC can result in reduced rate) Higher debt service for Healthcare *New Cash Out Refinance Now 1.35 to 1 Debt Service Coverage * Affordable as low as 1.15 to 1
Loan to Value: 70% to 80% (Lower LTV can result in reduced rate)  for Healthcare * Cash Out Refinance now 65%  - Some Markets Require Special Underwriting such as Las Vegas. Affordable up to 85% Loan to Value
Non-Recourse Financing
Up to 30 year amortizations
Loan Fee typically: 1% to 1.5%
Application Fee covers costs of third market reports and site inspections
Spreads range to 235 basis points to 290 basis points over 10 year treasury rates depending on market conditions, loan to value and debt service coverage.

Scott Kendall (847) 903-7578 scott@kendallrealtyadvisors.com

Chuck Kendall (773) 359-7074 kendallrealtyadv@gmail.com

Scott Kendall spent five years in Multifamily Department of FNMA Chicago and worked on Market Rate and Affordable Multifamily Housing transactions including LIHTC transactions and Tax-Exempt Bond Credit Enhancements.