Fannie gives rate break for healthy multifamily buildings

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Crain’s, in fact, pegged CCRE’s three-year growth rate at an astounding. 21.15 percent has been in multifamily; 20.9 percent has been in the office sector; and 13.28 percent has been in hospitality.

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Fannie Mae this week rolled out a new program designed to boost the development of healthy living options for residents of multifamily properties. The program, called Healthy Housing Rewards, is.

Cap rates on U.S. apartment properties have remained in the 5-percent range since 2017. Multifamily investors remain willing to pay low cap rates. | National Real Estate Investor

The Healthy Housing Rewards "will provide a financial incentive to borrowers who invest in the health and stability of the people who live in their affordable housing properties," according to Jeffery Hayward, Fannie Mae’s Executive Vice President for Multifamily in a public statement.

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Apartment developers have an important resource to help them secure reduced Fannie Mae financing-the Green Building Initiative. By certifying a new construction or existing building with GBI’s Green Globes certification system, buildings qualify for a green loan at preferential rate. In 2016, GBI helped 89 buildings receive lower financing costs by earning a Green Globes

Fannie mae multifamily arm 7-4 Loans. The Fannie mae dus arm 7-4 has a term of 7 years and an interest-rate cap of 4% (not including certain fees.) Plus, the ARM 7-4 has a minimum loan amount of just $1 million and an LTV allowance of 80% (75% for cash-out refinancing).

NOTE: Only multifamily properties are eligible for the program. Single family homeowners are not eligible for this program. The Fannie Mae Green Initiative provides owners of multifamily properties (rental or cooperative properties with 5 or more units) with valuable green financing solutions and tools to make smart energy- and water-saving property improvements. Its green financing programs.

Fannie Mae is the largest single source able to provide financing for a wide variety of multifamily properties, including high-rises, garden-style complexes, even cooperatives. Capital One Multifamily Finance is a Fannie Mae DUS lender, one of only a select few nationwide.

Fannie Mae Introduces Healthy Housing Rewards Initiative for Affordable Multifamily Properties. Fannie Mae helps make the 30-year fixed-rate mortgage and affordable rental housing possible for.

Healthy Housing Rewards TM provides incentives for Borrowers Borrowers Person who is the obligor under the Note. who incorporate healthy design features or provide enhanced resident services that improve the health and stability of residents of the Property Property Multifamily residential property securing the Mortgage Loan and including the.