CalculateRealEstateROI

Financing

Agency Multifamily Financing

Fannie Mae and Freddie Mac multifamily loans — best terms in real estate for stabilized 5+ unit properties.

Reviewed by Keiron Brown, Founder & Editor, CalculateRealEstateROI · Educational estimates only — not investment, financial, tax, or legal advice

Core concepts

Non-recourse

Lender pursues property only; personal assets protected (subject to carve-outs).

Long amortization

30-year amort common; 10-year fixed standard.

Loan size

Typical minimum $1M; SBL programs allow smaller deals.

Examples

  • $2.5M Freddie SBL on 24-unit apartment at 75% LTV, 10-year fixed.

Practical applications

  • Multifamily operators past 20+ units.

Common mistakes

  • Underestimating closing timeline.
  • Ignoring prepayment penalty (yield maintenance/defeasance).