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

Program Details

PROGRAM HIGHLIGHTS

  • Non-Recourse
  • 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.
LOAN TERMS 20 Year Hybrid ARM with initial 5-, 7-, or 10 year fixed rate period
5-, 7-, or 10-year fixed-rate mortgage
INTEREST ONLY 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 1.20x Top
1.25x Standard
1.30x Small
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