Fannie Mae Fixed Rate

Whether you are interested in securing financing for either a healthcare or multifamily property, the process can be time consuming and complex. You can count on the experts at LSG Lending Advisors to be there for you during every step of the journey.  Regardless if your plans involve a purchase, acquisition, new construction, refinance or rehabilitation of one of these unique types of properties, we have the industry knowledge and experience to ensure that your financing efforts will be successful. Our team of experts also take pride in providing custom made financing solutions for every client.

  • Over 7 years multifamily property loan underwriting experience.
  • Expert knowledge of financial terms and principles.
  • Highly experienced at guiding clients through complex transactions.
  • In depth analysis of current operating statements and projected financials.
  • Specialists in evaluating third party reports, including appraisals, environmental documents, market studies and project capital needs assessments.
  • Loan review documentation.
  • Tailor fit financing solutions for every client.

We are experts at ensuring that our clients adhere with all FHA/HUD MAP/LEAN lending guidelines and can also put you in touch with some of the best FHA/HUD approved lenders that the industry has to offer. Contact us today to learn more about how we have made the healthcare/multifamily property financing process a smooth one for our valued clients. Let us put our industry knowledge and experience to work for you in meeting all of your FHA/HUD financing needs. 

The Fannie Mae Fixed Rate program offers flexible loan terms with predictable payments for existing, stabilized conventional properties that are:

  • Multifamily Affordable Housing properties; 
  • Seniors Housing properties, 
  • Student Housing properties, or 
  • Manufactured Housing Communities.  

The property must have a minimum of five units. Borrowers may have indirect foreign ownership interests, subject to proper structuring of the borrowing entity and its parent.

Term Sheet for Fannie Mae Fixed Rate 

Term 5-30 years.
Amortization Up to 30 years.
Maximum LTV 80% for conventional properties. See the specific asset class or product type term sheet for details.
Minimum DSCR 1.25x for conventional properties. See the specific asset class or product type term sheet for details.
Property Considerations Properties must have stabilized occupancy (typically 90%) for 90 days prior to funding. Loan commitments for pre-stabilized properties will be considered on a case-by-case basis.
Supplemental Financing Supplemental loans are available.
Prepayment Availability Loans may be voluntarily prepaid upon payment of yield maintenance or prepayment premium.
Rate Lock 30- to 180-day commitments. Borrowers may lock the rate with the streamlined rate lock option.
Accrual 30/360 and Actual/360.
Recourse Non-recourse execution is available for most loans greater than $750,000. Standard carve-outs required for “bad acts” such as fraud and bankruptcy.
Escrows Replacement reserve, tax, and insurance escrows are typically required.
Third-Party Reports Standard third-party reports required, including Appraisal, Phase I Environmental Site Assessment, and Property Condition Assessment.
Assumption Loans are typically assumable, subject to review and approval of the new borrower’s financial capacity and experience.

 

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