Affordable Housing Building

Freddie Mac Cash Loans with Other Affordability Components


This program provides financing for multifamily properties with regulatory rent or income restrictions. This program includes transactions with section 8 and 266 financing, tax abatements, and other affordability components.


Summary
DescriptionFinancing for the acquisition or refinance of stabilized affordable multifamily properties with fixed-rate or floating-rate cash loans
Type of Funding Permanent, immediate financing
Eligible Properties Garden, mid-rise, or high-rise multifamily properties that meet affordability criteria and with 90% occupancy for 90 days
Min DSCR DSCR Calculator 1.15x
Max LTV 90%
Loan Term Maximum of 30 years
Construction Loan Term NA
Max Amortization 30 Years
Prepayment Yield maintenance or defeasance, depending on the product
Subordinate Financing Permitted
Tax and Insurance Escrows Required
Securitization Available Available

Freddie Mac Affordable Housing Loans