DEDICATED TO YOUR SUCCESS
Sabal Capital Partners, LLC is the ONLY independent, channel direct (wholesale only) commercial lending company with a specialized focus on Freddie Mac Small Balance multifamily loans between $1M – $7.5M. This means that we only work with brokers and correspondent lenders, never directly with the borrower. We’re partners, not competitors.
With Sabal as your lending partner, you can offer clients small balance loan options through Freddie Mac’s industry leading Small Balance Loan (SBL) program. Combined with Sabal’s innovative and proprietary SNAP™ platform, finding and processing the right small balance multifamily loan for your client can be done in as little as 30 days.
Freddie Mac Multifamily helps ensure an ample supply of affordable rental housing by purchasing and securitizing mortgages on apartment buildings nationwide. Freddie Mac purchased more than $47 billion in multifamily mortgages in 2015, the majority of which were securitized, thus transferring the vast majority of the expected credit risk from taxpayers to private investors.
When it comes to multifamily finance, Freddie Mac gets it done. Now offering standard loan limits of $1 million to $6 million in all markets, and up to $7.5 million in top and standard markets for certain properties.
Choice and Flexibility – Six fixed rate and hybrid ARM loans
Unbeatable Terms – Interest-only, coupon pricing and declining prepayments
Ingenuity – In-market experts craft creative solutions on single and pooled loans
Fast and Simple – Streamlined, quote to close
Commitment to Service – A partner for the life of your loan
- Highly competitive rates
- Flexible terms and prepayment options
- Streamlined process – faster closing times
- Interest only available
- Up to 80% LTV in certain areas
TOP MARKETS (MSA)
- Boston, Chicago, Denver, Los Angeles, Miami, Minneapolis, New York, Portland, San Diego, San Francisco, San Jose, Seattle and Washington D.C.
- Standard Markets generally greater than 60,000 rental population
SMALL BALANCE LOAN PROGRAM – AT A GLANCE
|LOAN AMOUNTS||$1M - $6M in all markets; $1M - $7.5M in Top and Standard Markets for properties with 75 units or less|
|LOAN PURPOSE||Acquisition or Refinance (Cash Out Available)|
|ELIGIBLE PROPERTIES||Conventional multifamily housing with five residential units or more. Mixed use subject to limitations.|
20 Year Hybrid ARM with initial 5-, 7-, or 10 year fixed rate period
5-, 7-, or 10-year fixed-rate mortgage
Partial interest-only available
Full-term interest-only may be available
|AMORTIZATION||Up to 30 years|
|PREPAYMENTS||Declining schedules and yield maintenance available for all loan types|
|DEBT SERVICE COVERAGE||
1.40x Very Small
|MAXIMUM LTV||80% available in Top and Standard Markets|
|RECOURSE||Non-recourse with standard carve-out provisions|
|CREDIT||Minimum FICO score of 650|
|OCCUPANCY||Minimum 90% occupancy of units for 90 days prior to underwriting|