Fannie Mae Military Multifamily Housing loans
Fannie Mae Military Multifamily Housing Loans start at $1 million and offer a 75% LTV allowance-- making them a great choice for acquiring housing intended for service members and their families.
Multifamily Loans for Military Housing Developments Insured by Fannie Mae
For everything they do for the American people, service members of the United States Military deserve quality housing. For investors considering purchasing a multifamily property in an area with a market significantly influenced by a military base, or with a military tenant concentration of more than 20%, a Fannie Mae Military Housing Loan could be the ideal solution. Like many other forms of Fannie Mae multifamily financing, these loans are mainly non-recourse and fully assumable. Fannie Mae Military Multifamily Housing loans start at $1 million and offer a 75% LTV allowance.
Fannie Mae Sample Terms For Military Multifamily Housing Loans
Size: $1 million+ (no set maximum)
Terms: Vary, with both fixed and variable-rate options available
Amortization: 30 years
Maximum LTV: 75%
Minimum DSCR: 1.30x
**Recourse: **Non-recourse with standard “bad boy” carve-outs
Prepayment Options: Yield maintenance or 1% prepayment penalty, whichever is larger
Advantages:
- Very competitive interest rates
- Up to 75% LTV
- Most loans are non-recourse
- Supplemental loans allowed
- Requires replacement reserves
- Requires 85% occupancy or 80% economic occupancy for the 90 days before closing
- Only available in select markets
Disadvantages: