Freddie Mac SBL Portfolio



We specialize in providing Freddie Mac SBL Portfolio apartment loans for investors looking to purchase or refinance their apartment. Unlike the banks offering 15-year or 20-year amortization, we offer up to 30-year amortization. Fannie Mae and Freddie Mac small balance apartment rates can start in the 4’s with a 30-year amortization. 

What is the minimum amount for agency apartment loans?

Even though the agency apartment loan guidelines allow for a minimum loan amount of $250,000.00 dollars most lenders will not lend below $1,000,000.00 dollars.  Since the minimum loan amount is $1,000,000.00 dollars, the purchase price or the appraised value should be around $1,300,000.00 dollars to $1,400,000.00 dollars or more depending on the loan to value. 

What determines the rate and loan to value?

The rate and the loan to value is based on where the property is located, the breakdown of the units, affordability, debt service coverage ratio, loan to value, if the loan is a fixed balloon or and hybrid rate product (an example of hybrid is like an adjustable rate in the residential financing), if the prepayment penalty is a yield maintenance or a step down etc.  


What is the benefits of financing your apartment under the agency apartment loans program versus a bank loan?


Type of Loan

Bank Loan

Fannie Mae

Freddie Mac SBL

No Yes Yes
Loan Term
3-5 years 5,7,10, 12 5,7,10 years
Interest Only
1-2 years 1-5 years 1-3 years
20 30 30
Max LTV  (Acquistion/Refinance)
75%/75% 80%/75% 80%/75%
Property Occupancy
Flexible 90% for past 90 days 90% for past 90 days
Rehab Budget
Included in Loan Included in Loan – Limited Rehab Not included in loan
Prepayment Penalty
Limited to none Yield Maintenance Step Down
New Investor Experienced 12 months ownership Experienced/New Investor
What 3rd Pary reports needed
Appraisal starts at $2,500 up to 30 days
  Engineering starts at $3,000 up to 30 days
  Survey starts at $2,500 up to 30 days
Rate Lock
Bank locks rate after 10 days of committee approval
  Fannie/Freddie – received 3rd party reports, all due diligence and after final approval
How Long to Close
Bank 45 days
  Fannie/Freddie 45-60 days
Closing Cost
Under $10MM 3% of loan
Over $10MM 2% of loan


Call Commercial Capital LTD today at (512) 650-8630 or 512-354-5949. You may also click here to fill out the form to get started today.