As a Fannie Mae DUS™ lender, we offer fixed or floating rate financing for acquisition, refinancing and moderate rehabilitation. Terms range from 5 years to 30 years and may be fully amortizing, or contain partial or full interest-only options. Through these programs we offer first mortgage financing and subsequent supplemental (subordinate) financing and/or substitution of single assets.
reliable & safe
Fannie Mae Green Rewards
Provides lower pricing, additional loan proceeds, and a free Energy and Water Audit Report to finance smarter, greener property improvements. Eligible improvements include new ENERGY STAR® appliances, energy efficient HVACs, low-flow toilets, solar-energy systems, and more.
Lower interest rate, free energy and water audit report, up to 5% more loan proceeds, increased net cash flow by underwriting projected energy and water cost savings, no minimum investment per unit, attract more investors with the market’s only Green MBS.
Conventional and affordable housing including multifamily, seniors, student, military, and cooperative. Borrower must commit to installing capital improvements that target a 20% or more reduction to the whole property’s annual energy or water use. Improvements must be installed within 12mos. of loan origination, or 36mos. if part of a larger rehab. Properties may be located anywhere in the U.S
Fannie Mae Affordable Small Loan
Streamlined underwriting for long-term fixed rate financing for the acquisition or refinance of stabilized multifamily rental properties with rent and income restrictions, and/or Section 8 HAP Contracts.
Multifamily Affordable Housing Preservation
Non-recourse, fixed rate financing for the acquisition or refinance of stabilized multifamily rental or cooperative properties with expiring use rent and income restrictions, affordable preservation, moderate rehab, and/or Section 8 HAP Contracts.
An MAH Property must have rent, income and/or occupancy restrictions that meet or exceed one of the following requirements:
- “20% @ 50%”: at least 20% of all units have rent or income restrictions in place such that the rents charged for those units are affordable to households earning no more than 50% of Area Median Income (AMI) as adjusted for family size; or
- “40% @ 60%”: at least 40% of all units have rent or income restrictions in place such that the rents charged for those units are affordable to households earning no more than 60% of AMI as adjusted for family size.
- Section 8 Housing Assistance Payment (HAP) contract: at least 20% of all units are subject to a project-based HAP contract; or
- Special Public Purpose: the Property (i) has other rent and/or income restrictions, and (ii) meets a noteworthy special public purpose. Such a Property may be considered on a waiver basis for eligibility as an MAH Property.
Minimum $1 million
7 to 30 years.
Fannie Mae Unfunded Forward Multifamily Affordable Housing
Fannie Mae provides a 24- to 30-month forward commitment with or without rate lock prior to delivery of the permanent loan.