ValueXpress is passing through to borrowers a pricing special effective on Freddie Mac Small Balance Loans (SBL). Applications for the purchase or refinance of multifamily properties with special pricing begin March 15, 2018. Borrowers will receive a 10-basis-point reduction from published rates across the board – all loan products and all markets. The reduction is expected to be available until April 15.
The Freddie Mac SBL program is designed for borrowers purchasing or refinancing smaller multifamily properties. The nationwide SBL program offers highly-competitive terms and a streamlined execution that gets you to the closing table fast, often in under 30 days. The program offer low fixed transaction costs for loan amount between $1 million-$6 million. Loans are non-recourse and 80% loan-to-value is available in most markets.
In the event the multifamily property does not qualify for Freddie Mac SBL execution, the transaction can still be completed at competitive terms through ValueXpress’s fixed-fee CMBS conduit lending program.
To obtain a competitive proposal for your next multifamily deal, contact Mike Sneden at email@example.com or Dennis Suh at firstname.lastname@example.org. Click here for the Freddie Mac SBL program flyer.