Freddie Mac Conventional Fixed-Rate Loan

Let's move your project forward



Non-recourse, assumable fixed rate financing for the acquisition or refinance of stabilized multifamily rental or cooperative properties

Loan Amount

Generally $5 to $100 million (larger and smaller loans will be considered)

Loan Term

5, 7, and 10 year terms (up to 30 years if loan is not purchased for securitization)

Max Amortization

30 years

Max Loan to Value


Minimum Coverage



  • Borrower may generally be a limited partnership, corporation, limited liability company, or a tenancy-in-common (TIC) with 10 or fewer tenants in common
  • General partnerships, limited liability partnerships, REIT’s and certain trusts may also be acceptable in limited circumstances, subject to additional requirements
  • Borrower must generally be a Single Purpose Entity (SPE); however, on loans less than $5 million, upon Borrower’s request, a Borrower other than a TIC may be a Single Asset Entity (SAE) instead of an SPE
  • If the Borrower is structured as a Tenancy in Common (TIC), each Tenant in Common must be a SPE

Interest Rate

Risk-based pricing, varying with LTV, DSC ratios, and geographic location

Prepayment Terms

Yield maintenance until securitized followed by 2 year lockout; defeasance thereafter. No prepayment premium for final 90 days. If loan is not securitized within first year, then yield maintenance applies until the final 90 days. Yield maintenance without defeasance is available for securitized loans for an additional cost.

Lock-out Period

2 years following securitization