Fannie Mae Small Multifamily Loans – Demystified
During the economic crisis of the last two years many banks that traditionally made loans to owners of small apartment properties have either left the business or cut back on lending. This has left many owners of small apartment properties with limited borrowing choices. One lender that has stuck with the small multifamily market and even expanded their outreach is Fannie Mae. Hopefully this article will explain some of the issues with these loans and make it easier for you to evaluate these loans.