What’s Your Possibility for Fannie Mae Multifamily Lending? Ask Us

2. Fannie Mae multifamily lend- ing updates and servicing guide! The Fannie Mae multifamily lending is an adjustable or fixed rate loan program available for various types of multifam- ily properties. In this loan program, the underwriting and application process is standardized and performed by dele- gated underwriting and services lenders. Through its two major programs, Fannie Mae offers multifamily mortgages starting at %750, 000. Like CMBS mortgages, these loans are pooled, securitized, and sold to investors but typically serviced by the originator. Recently Fannie Mae Multifamily lending has released multifamily business guide update 14-02 announcing or declar- ing changes to the multifamily selling as well as servicing guide. The guide changes affect primarily mortgage loans with either mezzanine financing or preferred equity, and properties with prior bond financing. The preferred equity provisions in the guide update come in response to the increasing use of preferred equity in borrower organizational structures. The guide update is valuable for loans that are committed on and after March 31, 2014. The update com- prises a number of new Fannie Mae form documents relating to preferred equity and a revised Multifamily Underwrit- ing Certificate, Form 6460 browser. In this blog post ALB Commercial Capital will provide you the entire changes and updates about Fannie Mae multifam- ily lending. Before impending to the topic, let’s gain some knowledge about ALB Commercial Capital. ALB Commercial capital is leading private investigator that provides private customer with best loan programs to meet their unique needs. They are specialized team including experienced management, originators and staff having the ability to origi- nate multifamily and commercial loans and are able to properly analyze income property cash flow, operating ex- penses, and property and borrower characteristics. Let’s head towards changes made in Fannie Mae. Some of Notable changes in the guide update include the following:  The multifamily underwriting certificate borrower, form 6460. Borrower has been amended for use in connection with the underwriting of all multifamily loan originations. The changes to the form are intended primarily to so- licit disclosure by the borrower of any preferred equity within the borrower’s organizational structure.  Revised to separately address preferred equity and mezzanine financing that are available to borrowers  Has published new form documents, which standardize the documentation of loans containing preferred equity that fall within the scope of chapter 10 coverage We hope that you have cleared your queries regarding changes made in Fannie Mae multifamily lending. If want to know full information about the loan program and quotation, then straight away visit our official website or get-in- touch with us at:- ALB Commercial Capital 2476 Lake Ave, Altadena CA 91001 USA Tel (Office): 626-296-7777 Tel (Toll-free): 800-510-2214 Fax: 626-296-7771 Email: info@albcommercialcapital.com Website: www.albcommercialcapital.com