Fannie gives rate break for healthy multifamily buildings

Fannie Mae to Reward Borrowers With 'Healthy' Multifamily Housing – The Healthy Housing Rewards "will provide a financial incentive to borrowers who invest in the health and stability of the people who live in their affordable housing properties," according to Jeffery Hayward, Fannie Mae’s Executive Vice President for Multifamily in a public statement.

Fannie Mae DUS Multifamily Loan Program: The DUS platform is Fannie Mae’s standard multifamily loan program for loan size above $3 million – no maximum loan size. More individual and institutional investors turn to the Fannie Mae DUS platform to finance the multifamily class of assets than any other source.

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Requirements. A Fannie Mae Supplemental Mortgage Loan Supplemental Mortgage Loan Mortgage Loan purchased by Fannie Mae that is subordinated to, and has a Mortgage Loan Origination Date after, the Senior Mortgage Loan that is also owned by Fannie Mae. is available for Properties Properties Multifamily residential property securing the Mortgage Loan and including the land (or Leasehold interest.

The Fannie Mae Multifamily Small Loan program is designed for low cost execution, competitive pricing, reduced documentation, and limited third party reports. The Small Loan program offers borrowers unmatched performance and value, flexible terms and streamlined processing for apartment loan sizes up to $5 million.

Impac’s shift to non-QM helps to reduce fourth-quarter loss CMBS delinquency rates improve, except for retail property loans Although it remains the worst performing property type, the retail delinquency reading dipped 29 basis points to 4.92% last month. Lodging is still the best performing property type, but its overall delinquency rate and its readings for CMBS 1.0/2.0 all increased in January.Real gross domestic product ("GDP") was down sharply in the first quarter of 2014, rebounded substantially in the second and third quarters of 2014, but fell-off in the fourth quarter. qualifying".

This initiative will target properties where at least 60 percent of the units are serving tenants at 60 percent of average median income or less. Fannie Mae aims to provide below-market-rate financing for properties that meet the Healthy Housing standards. As the leading source of financing in the multifamily sector,

While a number of factors play a role in the data, the health of the real estate market. there’s been slowdown in the construction of new apartment buildings and other multi-family projects, so.

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Up to 40 bps interest rate reduction for properties with rents that are considered affordable – call for more information $750,000 minimum loan size. Rates assume loan size above $7,000,000, or for properties with fewer than 50 units, affordable housing and mobile home parks.

This gave borrowers a choice of lenders, encouraging competition and keeping costs down.. allowed its enormous operations to rest on the tiniest sliver of capital, and management firm specializing in multifamily housing projects, was. With the housing market in collapse and Fannie and Freddie.

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