Archive for September 2021
Interest Rates Decrease for Freddie Mac SBL Apartment Loan Program – Effective 9-28-2021
Effective 9/28/2021 Freddie Mac has decreased interest rates for its SBL program. This was a bit of a surprise move by Freddie Mac as Treasury yields have been on the move as of late reaching an 8 month high this week. Interest rate pricing updates are effective for all loans taken under application on…
Read MoreHow DSCR (Debt Service Coverage Ratio) Affects the Loan Amount
With valuations at all time highs, many properties aren’t able to support a lender’s minimum debt service coverage requirement at the maximum loan-to-value (LTV). When a property’s debt service coverage ratio (DSCR) is below the minimum at a lender’s maximum LTV the loan amount must be reduced to maintain the minimum DSCR. When this happens,…
Read MoreFreddie Mac Bumps Interest Rates for the SBL Program – Effective 9-14-2021
Effective 9/14/2021 Freddie Mac has increased interest rates for their SBL program. The Freddie Mac Small Apartment Loan (SBL) program fills a gap in the small multifamily loan space ($1MM-$7.5MM) for borrowers seeking competitively priced, non-recourse debt. Interest rate pricing updates are effective for all loans taken under application on or after September 14,…
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