Single & Multi-Family Construction Loan

Get Pre-Qualified Today & Shop with Confidence!

Single Family & Multi-Family Construction Loan

Get Pre-Qualified Today
& Shop with Confidence!

The Lowdown on
Single & Multi-Family Loans…

For multifamily properties, Fannie, Freddie, and CMBS offer unlimited cash out—up to 80% LTV depending on the particular scenario. HUD loans, although offering the highest leverage, do not generally allow for recapitalization (there is a lockout period followed by a hefty prepayment penalty). For commercial properties, life companies and banks offer comfortable permanent financing options with some level of recapitalization or earn-outs.

The Lowdown on Single
& Multi-Family Loans…

For multifamily properties, Fannie, Freddie, and CMBS offer unlimited cash out—up to 80% LTV depending on the particular scenario. HUD loans, although offering the highest leverage, do not generally allow for recapitalization (there is a lockout period followed by a hefty prepayment penalty). For commercial properties, life companies and banks offer comfortable permanent financing options with some level of recapitalization or earn-outs.

Our Single & Multi-Family Loan Rates Are Low & Our Process is Quick

The nice thing about bank construction loans is that they are available for most commercial property construction, including mixed use, office, retail, industrial, and more. They also allow you to take your finished/stabilized product and recapitalize once the project is complete with a cash-out refinance or sale, with limited or no prepayment penalty.

Our Single & Multi-
Family Loan Rates
Are Low & Our
Process is Quick

The nice thing about bank construction loans is that they are available for most commercial property construction, including mixed use, office, retail, industrial, and more. They also allow you to take your finished/stabilized product and recapitalize once the project is complete with a cash-out refinance or sale, with limited or no prepayment penalty.

What is required for a Single & Multi-Family Loan?

The Federal National Mortgage Association is Fannie Mae or FNMA. It offers its Delegated Underwriting and Serving (DUS) program for mortgage-backed securities (MBS). Consequently, multifamily properties back these funding facilities. In most cases, single multifamily properties back each MBS deal. Lenders in the DUS program perform their own underwriting, approval and loan servicing, within Fannie’s overall guidelines. Moreover, Fannie guarantees its partners’ multifamily mortgages are paid on time and repaid in full.

One reason DUS is popular is because of its semi-flexible terms, low rates and ability to structure complex features. These could include renovations and add-ons. In fact, DUS multifamily loans feature life-of-loan servicing without another master servicer or B-piece buyer. In other words, Fannie shares risk with investors by eschewing the sale of mezzanine bonds or B-piece subordinate bonds. Consequently, this format aligns its interests with those of the investor. DUS lenders can also seek out multiple bids from investors to benefit borrowers. This is a unique feature that minimizes rates.

What’s required for
Single & Multi-
Family Loans?

The Federal National Mortgage Association is Fannie Mae or FNMA. It offers its Delegated Underwriting and Serving (DUS) program for mortgage-backed securities (MBS). Consequently, multifamily properties back these funding facilities. In most cases, single multifamily properties back each MBS deal. Lenders in the DUS program perform their own underwriting, approval and loan servicing, within Fannie’s overall guidelines. Moreover, Fannie guarantees its partners’ multifamily mortgages are paid on time and repaid in full.

One reason DUS is popular is because of its semi-flexible terms, low rates and ability to structure complex features. These could include renovations and add-ons. In fact, DUS multifamily loans feature life-of-loan servicing without another master servicer or B-piece buyer. In other words, Fannie shares risk with investors by eschewing the sale of mezzanine bonds or B-piece subordinate bonds. Consequently, this format aligns its interests with those of the investor. DUS lenders can also seek out multiple bids from investors to benefit borrowers. This is a unique feature that minimizes rates.

The Single & Multi-Family Loan Process

Here’s how our Single & Multi-Family Loan process works:

  • Complete our simple Single & Multi-Family Loan Qualifier
  • Receive options based on your unique criteria and scenario
  • Compare mortgage interest rates and terms
  • Choose the mortgage loan offer that best fits your needs

If purchasing a home, you can now start shopping with confidence with an Elite Realtor to find your perfect home.

The Single & Multi-
Family Loan Process

Here’s how our Single & Multi-Family Loan process works:

  • Complete our simple Single & Multi-Family Loan Qualifier
  • Receive options based on your unique criteria and scenario
  • Compare mortgage interest rates and terms
  • Choose the mortgage loan offer that best fits your needs

If purchasing a home, you can now start shopping with confidence with an Elite Realtor to find your perfect home.

Get Your FREE Loan Quote Now!

Get Your FREE
Loan Quote Now!

Whether you’re buying a new home, refinancing, looking for a cash-out, or just have questions about the process, our Elite Team of Mortgage Professionals will help you find the right mortgage solution!

Whether you’re buying a new home, refinancing, looking for a cash-out, or just have questions about the process, our Elite Team of Mortgage Professionals will help you find the right mortgage solution!

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