Freddie Mac Multifamily in Lincoln, RI

Freddie Mac Multifamily Rates in Lincoln, RI

SoftQuotes' Freddie Mac 5+ unit multifamily loan rates in Lincoln, RI are:

Small Balance Loan
$1M to $7.5M
5 Year Fixed 6.54% - 6.78%
7 Year Fixed 6.48% - 6.72%
10 Year Fixed 6.49% - 6.73%
Conventional Loan
$5M to $100M
5 Year Fixed 6.09% - 6.19%
7 Year Fixed 6.13% - 6.23%
10 Year Fixed 6.07% - 6.17%
Additional rate discounts of up to 0.40% for affordability. Rates updated on 12/02/2023. This is not an offer or commitment to lend. Rates based on yield maintenance prepayment penalty for SBL and defeasance for Conventional. Freddie Mac is a registered trademark of the Federal Home Loan Mortgage Corporation.

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Freddie Mac Small Balance Loans in Lincoln, RI

The Freddie Mac Small Balance Loan (SBL) program is designed for 5-50 unit apartment buildings and offers 5, 7 & 10 year fixed rate and hybrid ARM loan options. Lincoln, RI is located in the Northeast region of the Freddie Mac SBL program and considered a standard market. Freddie Mac SBL loan amounts in Lincoln are $1 million to $7.5 million, with a maximum loan-to-value of 80% for purchase and refinance loans. The minimum debt service coverage ratio (DSCR) for loans in Lincoln 1.25x. The Freddie Mac SBL program offers full term interest-only payment options in Lincoln on loans up to 65% Loan-To-Value (LTV) for a 0.15% add to the rate. Partial-term interest-only payment options (1 year on a 5-year term, 2 years on a 7-year term and 3 years on a 10-year term) are also available in Lincoln, for an add to rat For more on the Freddie Mac SBL program, see our guide on Freddie Mac Small Balance Loan (SBL).

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Freddie Mac Conventional Loans in Lincoln, RI

The Freddie Mac Conventional loan program is designed for multifamily properties with loans from $5 million and up. In Lincoln, RI, this program will generally go to 80% loan-to-value (LTV) for a purchase and 75% loan-to-value (LTV) for a refinance. Most conventional loans in Lincoln will be required to meet a 1.25% debt service coverage ratio (DSCR). This program has a defeasance prepayment penalty. Unlike the SBL program, Freddie Mac Conventional loans are much more flexible in respect to multifamily property types, loan terms and transaction types. This program offer a variety of floating and fixed rate terms with potentially more interest only payment options.

Get multifamily loan quotes for Dec 03, 2023

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