Sample Freddie Mac Terms For Supplemental Loans 2021 To learn more, check out Freddie Mac’s official Supplemental Loans Product Sheet or keep reading below for an in-depth explanation of the Freddie Mac Supplemental Loan program. Freddie Mac Supplemental Loans start at $1 million, offer LTV allowances of up to 80%, and are non-recourse, making them an incredibly attractive option for investors and developers looking for extra financing to enhance their multifamily developments.įreddie Mac Supplemental Loans are offered in two varieties, Split Supplemental Loans, which are originated at the same time as the original Freddie Mac loan, and Seasoned Supplemental Loans, which must be originated at least 12 months after the original mortgage (or the last supplemental loan.) Plus, borrowers are allowed to take out more than one Supplemental Loan during the life of their original Freddie Mac loan, as long as there is a 12-month period after the origination of the last loan. If you currently have a Freddie Mac loan on a multifamily property and you're looking for additional financing- perhaps to make upgrades to your property, a Freddie Mac Supplemental Loan could provide the funding you're looking for. Freddie Mac Supplemental Financing Freddie Mac Insured Supplemental Loans for Apartment Buildings and Multifamily Developments
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