Apartment Loan Store

(503) 376-7303 Nationwide Since 1997


Everyday 8am to 9pm Eastern

Loans $750,000 to $500,000,000


Better Business Bureau Rating A+

Freddie Mac Apartment/Multifamily Loans/Financing

Freddie Mac apartment/multifamily financing is one of Apartment Loan Store's lowest rate apartment loan programs. These loans are sold to Freddie Mac for securitization in mortgage pools on Wall Street. Freddie Mac’s multifamily loan program includes market rate, senior housing, student housing and affordable housing.

Freddie Mac Apartment loans can be fixed for 5, 7 or 10 years, and have a 30 year amortization and interest only options of from 1 – 10 years. These loans are less stringent to qualify for than conventional bank multifamily financing. Loans are made primarily to the property. In most cases tax returns are not required and credit scores can be as low as 660. Freddie Mac Apartment loans are typically non-recourse.

Freddie Mac Apartment Loan Terms and Requirements:                              

Minimum Loan $1,000,000 Minimum Credit Score 660
Up to 80% Loan to Value  Net Worth equal to loan size
30 year amortization  9 – 12 months post closing liquidity required
5,7 and 10 year fixed rates No replacement reserves
Converts to an ARM Non-recourse
Interest Only for 1 – 10 years Tax Returns not required
Assumable  Step down prepayment available
90% occupancy for 90 days DSCR: 1.20 – 1.25

Need help calculating your DSCR? Try our free Debt Service Coverage Ratio Calculator here.

Want to learn more about DCSR and why it is the Number One Factor in analyzing the risk level of your business or investment property loan? Read our current article here!