Student Housing Building

Freddie Mac (FHLMC) Student Housing Multifamily Loans


The Freddie Mac Student Housing program provides flexible financing including both 30-year amortization and the potential for full-term interest-only. Freddie mac finances the refinance or acquisition of student housing properties.


Student Housing Financing Options and Requirements
Term5-10 years
Loan Size$5 million+
Max Amortization30 years
Financing UsesAcquisition or refinance
Eligible Properties- Purpose-built student housing properties; must have a minimum of one bathroom for every two bedrooms, and each apartment must have a separate full kitchen.
- Stabilized garden, mid-rise, and high-rise apartment properties that are greater than 50 percent- occupied by student tenants.
- Supporting college/university has 8,000 or more students; student housing properties located within close proximity to multiple schools that have a combined student body of 8,000 students or more will be considered.
- Property is located less than two miles from college/university or on a public transportation route.
Ground LeaseGround lease for land owned by a college or university may be permitted with prior approval
Lease Parameters- Individual tenant lease by the apartment, bedroom, or by the bed.
- Rent under a master lease may be permitted with prior approval.
Lease Term12 months preferred
Lease GuarantyParental guaranty preferred
Recourse Non-recourse except for standard carve-out provisions
Supplemental LoansAvailable
Tax & Insurance EscrowTypically Required
Min DSCR DSCR Calculator1.3x

Freddie Mac Program Plus