Logo Icon
NY: (212) 564-1257
MIAMI: (305) 961-1177
City Commercial Mortgage

Quick Quote

View Our Location

City Commercial Mortgage

NY: (212) 564-1257
MIAMI: (305) 961-1177
Large Apartment Buildings

The Freddie Mac Loan Program in Miami

City Commercial Mortgage clients have found great success by taking advantage of the Freddie Mac loan program—and we want you to be next. We offer this program to provide our clients with a long-term, fixed-rate, assumable, and non-recourse loan.

Apartments

We encourage you to contact us today for more information about Freddie Mac in Miami, FL, and New York, NY. Our professionals want to help you achieve your commercial property financing goals using a loan program that complements your needs and financial status.

CCM Freddie Mac Overview

Here you will find all the detailed information you need about Freddie Mac loans.

LOAN AMOUNTS:

$1 Million - $10 Million in All Markets

MARKETS:

50 States

LOAN PURPOSE:

Acquisition or Refinance (Cash-Out Available)

ELIGIBLE PROPERTIES:

Conventional multifamily housing with five residential units or more. Mobile Home Parks, Mixed-use subject to limitations.

LOAN TERMS:

20 Year Hybrid ARM with Initial 5-, 7-, or 10-Year Fixed-Rate Period, 5-, 7-, or 10-Year Fixed-Rate Mortgage

INTEREST ONLY:

Partial Interest-Only, Full-term Interest-Only May Be Available

AMORTIZATION:

Up to 30 Years

PREPAYMENTS:

Declining Schedules and Yield Maintenance Available for All Loan Types

DEBT SERVICE:

1.1x Top 1.25x Standard

COVERAGE:

1.30x Small 1.40x

MAXIMUM LTV:

80% Available in Top and Standard Markets

RECOURSE:

Non-recourse with Standard Carve-out Provisions

CREDIT:

Minimum FICO Score of 650

OCCUPANCY

Minimum 90% Occupancy of Units for 90 Days Prior to Underwriting

Contact Us Today

Reach out to us today with any questions and concerns that you may have about the Freddie Mac loan program or any of our other loan programs. One of our loan professionals will be happy to explain our financing services in detail while answering any of your questions. We want to provide you with all the information you need to make the best financing decision for your commercial enterprise. Call to get the conversation started or request a loan quote. We look forward to hearing from you soon.