Small Balance Loan Program
Pinnacle Financial Partners is an approved Freddie Mac Multifamily Small Balance Loan lender.
Freddie Mac for Small Loans:
We offer a streamlined execution for apartment loans ranging from $1 million to $5 million. These loans (acquisition or refinance) provide liquidity, stability and certainty of execution to the affordable rental housing market nationwide using hybrid ARM or fixed-rate products with partial or full-term interest only features.
- Freddie Mac small loans have highly competitive rates with maximum proceeds. Loan amounts range from $1 - $5 million.
- Very competitive 5, 7 and 10-year hybrid ARM loan products
- Flexible prepayment options (step down prepayments)
- Cash out options are available
- Partial and Full Term IO available (full term requires 1.40x/65%)
- No underwriting floor required for Top markets
- Hybrid ARM product with initial fixed period followed by floating period over 6-Month LIBOR for remainder of term 20 year term with 30 year amortization
Project Closing Highlights: