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Need help? Call a Multifamily Specialist: (855) 455-8534
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.
Freddie Mac Multifamily Small Balance Loans from PennyMac
$1 million to $6 million
Up to $7.5 million in Top & Standard Markets (certain terms apply - call for details)
|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|
|Minimum DSCR||1.20x (Top Markets)|
|BK and Foreclosure||Subject to lender review|
Equal Housing Opportunity © 2017 PennyMac Loan Services, LLC, 3043 Townsgate Rd, Suite 200, Westlake Village, CA 91361, 818-224- 7442. NMLS ID # 35953 (NMLS Consumer Access). Arizona Mortgage Banker Lic. # 0911088. Loans made or arranged pursuant to a California Finance Lenders Law license # 60DBO-46246. North Dakota Money Broker Lic. # MB102550. Information, rates and pricing are subject to change without prior notice. All loan programs subject to borrowers meeting appropriate underwriting conditions. This is not a commitment to lend. Some products may not be available in all states. Other restrictions apply. All rights reserved.