Apartment Loan - Freddie Mac - Fixed Rate
Refinance and Purchase Loans

Fixed-Rate Mortgages Capped ARMS
Purchase or Refinance Apartments
Commercial Mortgages


ELIGIBLE PROPERTIES: Garden, mid-rise and high-rise apartments.

LOAN TERMS: 5, 7, 10, 15, 20, 25 or 30 years.

PREFERRED LOAN SIZE: $3 million and larger.

MAXIMUM LOAN TO VALUE: 80%  75% Cash Out

MINIMUM DSCR: 1.25x

AMORTIZATION: Up to 30 years. Partial or full term interest-only periods may be available.

INTEREST RATES: Risk-based pricing.

PERSONAL RECOURSE: Non-recourse except for standard carve-out provisions.

TRANSFERS/ASSUMPTIONS: Allowed during the life of the loan subject to approval.

PREPAYMENT: Prepayable in full subject to yield maintenance.

SUPPLEMENTAL MORTGAGES: Available for qualifying properties.

ESCROWS: Monthly escrows for real estate taxes, property insurance and replacement reserves are
required.

APPLICATION FEE: Greater of $2,000 or 0.1% of the loan amount.

FINANCING FEE: Typically 1% of the loan amount.

CLOSING EXPENSES: Standard transaction costs, including legal, title insurance, survey, and appraisal,
environmental, and engineering reports.
KENDALL REALTY ADVISORS