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Fannie Mae Unfunded Forward Commitment for 9% LIHTC Properties

If you are interested in financing for Fannie Mae Unfunded Forward Commitment for 9% LIHTC Properties, it's important to understand your options. Below you will find frequently asked questions concerning Fannie Mae Unfunded Forward Commitment for 9% LIHTC Properties financing to help you with your lending decision. See below to find out about maximum LTV, terms and amortization, eligible properties, and more.

Fannie Mae Unfunded Forward Commitment for 9% LIHTC Properties Questions

Questions & Answers

What are the available terms and amortization?

Up to 30 years with up to a 35-year amortization.

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What is the maximum LTV?

The maximum loan to value is up to 90%.

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What is the minimum Debt Service Coverage?

The minimum debt service coverage ratio is 1.15x.

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Is this loan non-recourse?

Yes, this is a non-recourse execution with standard carve-outs for “bad acts” such as fraud and bankruptcy.

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What are the benefits?

  • Protection from interest rate volatility by locking the interest rate and other key provisions prior to construction
  • Single asset security allows for customized loan structures
  • Certainty and speed of execution
  • M.TEB execution offers reimbursement of certain Costs of Issuance

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What property types are eligible?

  • LIHTC new construction and properties undergoing substantial rehabilitation, including preservation and rural transactions
  • Lenders approved to deliver forward commitments under Fannie Mae’s Multifamily Affordable Housing product line

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