Freddie Mac Multifamily in Manitowoc, WI

Freddie Mac Multifamily Rates in Manitowoc, WI

SoftQuotes' Freddie Mac 5+ unit multifamily loan rates in Manitowoc, WI are:

Small Balance Loan
$1M to $6M
5 Year Fixed 6.33% - 6.57%
7 Year Fixed 6.04% - 6.28%
10 Year Fixed 5.88% - 6.12%
Conventional Loan
$5M to $100M
5 Year Fixed 6.10% - 6.25%
7 Year Fixed 6.07% - 6.22%
10 Year Fixed 5.99% - 6.14%
Additional rate discounts of up to 0.40% for affordability. Rates updated on 07/15/2024. 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.

Get multifamily loan quotes for Jul 16, 2024

Freddie Mac Small Balance Loans in Manitowoc, WI

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. Manitowoc, WI is located in the North Central region of the Freddie Mac SBL program and considered a very small market. Freddie Mac SBL loan amounts in Manitowoc are $1 million to $6 million, with a maximum loan-to-value of 75% for purchase loans and 70% for refinance loans. The minimum debt service coverage ratio (DSCR) for loans in Manitowoc is 1.40x. The Freddie Mac SBL program offers full term interest-only payment options in Manitowoc, on loans up to 60% Loan-To-Value (LTV) for a 0.10% add to the rate. Partial-term interest-only payment options (1 year on a 7-year term and 2 years on a 10-year term) are also available in Manitowoc, for an add to rate. For more on the Freddie Mac SBL program, see our guide on Freddie Mac Small Balance Loan (SBL).

Get multifamily loan quotes for Jul 16, 2024

Freddie Mac Conventional Loans in Manitowoc, WI

The Freddie Mac Conventional loan program is designed for multifamily properties with loans from $5 million and up. In Manitowoc, WI, this program will generally go to 75% loan-to-value (LTV) for a purchase and 70% loan-to-value (LTV) for a refinance. Most conventional loans in Manitowoc will be required to meet a 1.30% 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 Jul 16, 2024

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