Example Fannie Mae Terms for Apartment Loans

Size: Typically,$100 million
Term: 5, 7, 10, and 12-year terms

Interest Rates: Fixed rates vary
‍Amortization: 30 years
‍Maximum LTV: 75% - 80%
‍Minimum DSCR: 1.25x

Advantages

• Highly competitive pricing
• Early rate lock option
• Up to 80% LTV
• Non-recourse
• Various prepayment options/terms available

Disadvantages

• Selective of the properties they will finance
• Require financially strong and experienced borrowers