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Updated about 7 years ago on . Most recent reply
Fannie Mae "Small" Multifamily loans
Howdy Folks,
I have 25 doors split across duplexes and a single property 8 plex. Is it possible to get a "small" fannie mae loan for the portfolio or do I need to go to someone for portfolio lending? Right now, all all of the duplexes are on FNM conforming loans, so 30 fixed at great interest rates, and so moving is not highly incentivized. Would like to hear from any of you with experience financing portfolios/multifamily properties in buy and hold situations.
Most Popular Reply
James W. Fannie and Freddie will loan non recourse debt on one million loan amounts and above. Where you are at is no mans land with the worse lending terms. Which is why I stepped up to larger projects.