Peter Margolin is a Director in Arbor's full-service Deerfield, IL office. He can be reached at 847-597-7031 or at firstname.lastname@example.org.
As the landscape of small balance multifamily lending continues to evolve, we have seen Fannie Mae provide liquidity into a space vacated through the loss of major players like IMPAC, LaSalle Bank and most recently IndyMac.
Loan Term – Up to 30 years
Loan Amortization – Up to 30 years
Minimum DSCR – 1.20X
To protect the credit quality of considerable new loan originations in the small balance arena, Fannie Mae has instituted several changes to the loan criteria. These have included loan-to-value adjustments on five-year term loans, and the change to recourse from non-recourse nationwide.