Apartment Mortgage Financing
Apartment property owners choose Bluefire Mortgage due to our no-hassle loan process, simplified documentation and broad array of fixed- and adjustable-rate loan programs on transactions from $1 million-$15 million. Whether you’re purchasing or refinancing, we offer flexible prepayment options and outstanding customer service from start to finish.
At Bluefire Mortgage, we are a portfolio lender that provides financing solutions to help you purchase and refinance stabilized apartment properties. We offer both fixed- and adjustable-rate loan programs with up to 30-year terms and 30-year amortization.
- Hybrid: Fixed rate for 3, 5, 7 and 10 years that converts to an adjustable rate (6-month LIBOR or 12-MTA**) for the remaining term
- ARMs: 6-month LIBOR or 12-MTA term
- Fixed: 7-, 10- and 15-year term
Flexible Prepayment Options: Stepdown and yield maintenance options available and vary by loan program
Fannie Mae Multifamily Loans
With industry low interest rates, customized terms and certainty of execution, the Fannie Mae DUS Multifamily Loan platform is one of the single largest sources of capital to the multifamily housing market. Hedge interest rate risk with fixed rate terms up to 30 years, maximize cash flow with low rates and interest only payment options, and maximize leverage with up to 80% LTV.
- Non-recourse / Assumable
- Up to 30 year fixed interest rates
- Up to 80% LTV purchase and refinance
Freddie Mac Multifamily Small Balance Loan Program
Known for providing highly competitive multifamily financing for loan sizes above $5 million, Freddie Mac has entered the small loan space with its aggressive Hybrid ARM Small Balance Apartment Loan program. The Small Balance program was designed with program features and benefits to compete directly with Fannie Mae's Small Apartment Loan program and programs offered by leading national banks. The Freddie Mac Small Balance Apartment Loan program fills a gap in the small multifamily loan space ($1MM-$7.5MM) for borrowers seeking competitively priced, non-recourse debt without yield maintenance, or a balloon payment at the end of the fixed term.
Freddie Mac Small Balance Apartment Loan Program Highlights:
- No yield maintenance - step down prepay
- Converts to ARM at end of fixed term
- Highly competitive interest rates
- Up to 80% LTV
- 30 year amortization
- Full term interest only available
- No replacement reserves
- No underwriting floor rate maximizes proceeds
- Tax returns not required
- Cash out refinances