Multifamily loans. Smarter.

PennyMac is now offering highly competitive rates on loans up to $5 million for multifamily/apartment buildings (5+ units) nationwide. Whether it’s a purchase, refinance, or cash-out, we’re proud to provide the tailored service and benefits you deserve.

Multifamily loans offered through PennyMac Commercial Real Estate Finance, a division of PennyMac Loan Services, LLC.

Talk to a multifamily specialist!

Discover your loan options today.

Why finance your multifamily loan with PennyMac?

Low interest rates that compete directly with banks nationwide.

We provide up to 80% Loan-to-Value on purchase, refinance, and cash-out financing.

Fixed terms for up to 10 years.

Non-recourse and assumable.

Streamlined processing with low fixed upfront costs.

The Details

Freddie Mac Multifamily Small Balance Loans from PennyMac

Loan Amounts $1 million to $5 million
Loan Purpose Purchase, Refinance, Cash-out Refi
Pricing Starting in the 3’s
Property Types Multifamily with 5+ Units (No MHPs, Student, Senior, SRO or Assisted Living)
Target Prop. Location Most markets nationwide
Loan Terms Fixed-rate terms of 5, 7, or 10 years fixed
Maximum Amortization 30 years
Interest Only Options Available
Lien Position 1st Lien
Maximum LTV 80%
Minimum DSCR 1.20x (Top Markets)
Assumable Yes
Non-Recourse Yes
BK and Foreclosure Subject to lender review
Prepay Flexible Options