Fannie Mae DUS® Supplemental Financing Loan

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Terms

Description
Non-recourse, supplemental financing available on existing, fixed or floating, stabilized DUS Conventional properties, Multifamily Affordable Housing Properties, Seniors Housing Properties, Student Housing Properties, and Manufactured Housing Communities loans serviced by Greystone as a property’s value and income stream increase. Bond Credit Enhancement transactions are eligible with prior approval of Fannie Mae. Fannie Mae must be the only debt holder on the property.

Loan Amount
Minimum $1 million

Loan Term
Supplemental loans can be coterminous or non-coterminous; 5-30 years

Loan Timing
Supplemental Loans are available 12 months after the closing of the senior Fannie Mae Mortgage Loan

Amortization
Up to 30 years

Loan to Value Maximum
As high as 75%, depending upon asset class and use of proceeds.

Coverage Minimum
As low as 1.30x, depending upon asset class and use of proceeds.

Interest Rate
Fixed and variable rates

Prepayment Terms
Loans may be voluntarily prepaid upon payment of yield maintenance for fixed-rate loans and graduated prepayment for variable-rate loans

Rate Lock
30- to 180-day commitments. Borrower may lock the rate with Streamlined Rate Lock option

Maturity
Supplemental Loans can be either coterminous with the underlying senior loan, or non-coterminous.