Seattle-based HomeStreet Capital has been designated an approved lender under the Fannie Mae Small Loan Program for multifamily properties. HomeStreet has been a licensed participant in Fannie Mae's Delegated Underwriting and Servicing multifamily loan program since the program's inception in 1988.
The recently modified Small Loan Program provides a streamlined approach for multifamily investment properties. Typically, loans range in size from $500,000 to $5 million and are available at fixed- or adjustable-rate terms. Properties must have a minimum of five multifamily units, and commercial space is allowed up to 35% of the total building square footage.
SOURCE: HomeStreet Capital