Multifamily loans. Smarter.

PennyMac is now offering highly competitive rates on loans up to $6 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.

Get a REAL Rate Estimate Within Minutes

  • All online – no need to speak with a Loan Officer.
  • No credit report, social security number, or financial statments required.

Need help? Call a Multifamily Specialist: (855) 445-8534

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The loan balance must be between $1,000,000 and $6,000,000.

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 $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
Maximum LTV 80%
Minimum DSCR 1.20x (Top Markets)
Assumable Yes
Non-Recourse Yes
BK and Foreclosure Subject to lender review
Prepay Flexible Options