Loan Amount: $3,050,000
Property Type: Suburban Apartment Complex
Loan Type:  Freddie Max Small Loan Balance Program
Loan Term: 10-years Georgetown South Apartments
This $3,050,000 loan was financed through the apartment Freddie Mac Small Balance Loan Program which provided the client with a low 10-year term fixed rate with a 30-year amortization. In addition to the low interest rate, the lender did not collect replacement reserves as you often find in Fannie Mae and CMBS loans. The client was able to pull cash out to disburse between the partners.  For current interest rates for apartment loan from Freddie Mac and Fannie Mac click on this link.