Supplemental loans: Lenders and borrowers are able to obtain additional loan proceeds on a property with a preexisting Fannie Mae mortgage after one year with coterminous, noncoterminous, and split mortgage options.
Prepayment options: Borrowers can opt for yield maintenance, defeasance or graduated prepayment options for the most favorable choice to meet their financing needs.
Rate options
Fixed rate: Protects borrowers from interest-rate increases and provides a predictable payment and amortization schedule.
Structured ARM: Offers a very competitive short-term interest rate and a simple execution for single-asset loans of $25 million or more.
MultiRate mortgage: Provides floating short-term rates for an initial one- or two-year period and a rate lock that provides the certainty of a fixed-rate execution for the remainder of the loan term.
Products
Affordable housing: Offers debt financing and equity investment, offering liquidity, efficiency, and availability on a national scale.
Forward commitments: Dependable source of liquidity by locking in a fixed-rate, permanent loan at the start of construction so developers know their debt service before completion.
Bond Credit enhancements: Provides low-cost tax exempt financing with a triple-A credit rating that keeps the bond rates low.
LIHTC and Section 8 Housing
Speciality financing: Financing is available for senior housing, assisted living, independent living, and student housing.
Credit facility: Long-term and short-term flexible financing available at a competitive price for a single pool of cross-collateralized and cross-defaulted multifamily mortgages.