Freddie Mac Conventional Manufactured Housing Community Loan

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Existing, stabilized, high-quality, and professionally managed manufactured housing communities (MHCs), with or without age restrictions, excluding Seniors Housing Loans

Loan Amount

$1 million or larger

Loan Term

5-, 7-, and 10-year terms

Max Amortization

30 years

Max Loan to Value


Minimum Coverage


Eligible Borrowers

  • A key principal should have two or more years of experience in operating MHCs and should own one other MHC property
  • The borrower may 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, REITs and certain trusts may also be acceptable in limited circumstances, subject to additional requirements
  • A borrower must be a Single Purpose Entity (SPE). On loans less than $5 million, a borrower other than a TIC may be a Single Asset Entity instead
  • If the borrower is a TIC, each TIC must be an SPE

Interest Rate

Fixed or floating available

Prepayment Terms

Will follow that of fixed rate or floating rate loans