Underwrite the opportunity
We review sponsorship, property performance, business plan, and priorities before approaching the market.
Agency financing
Fannie Mae & Freddie Mac Multifamily Financing
Quick answer: Agency loans from Fannie Mae and Freddie Mac offer 5.34% to 6.75% fixed rates, up to 80% LTV, and 5 to 30 year non-recourse terms for stabilized multifamily properties, the most competitive execution available for conventional, affordable, and manufactured housing communities nationwide. These government-sponsored enterprise programs pair the deepest liquidity in commercial real estate with 30-year amortization schedules that keep debt service low over the life of the loan.
NationwideMarket coverage
1,000+Capital relationships
$2MM+CLS engagement floor
24 hoursInitial response
When it fits
When Agency financing fits.
Agency financing dominates the multifamily capital markets because Fannie Mae and Freddie Mac are purpose-built to provide liquidity for rental housing. Program options include Fannie Mae DUS and Small Balance Loans, Freddie Mac Optigo Conventional and Small Balance Loans, and specialized executions for affordable, seniors, student, and green-certified properties. Commercial Lending Solutions has direct relationships with every major agency DUS and Optigo lender, ensuring borrowers see the full menu of rate, term, and structure options before locking a quote.
Structure before pricing: leverage, recourse, reserves, prepayment, and closing certainty can matter as much as the headline coupon. We test those trade-offs before recommending a path.
01
Stabilized conventional apartments
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Affordable and workforce housing
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Manufactured housing communities
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Student housing properties
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Senior independent and assisted living
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Green-certified and energy-efficient multifamily
Lender selection
How We Source Agency Capital
We do not treat the lender list as a directory. We target the desks whose current appetite fits the asset, sponsorship, market, and business plan, then compare the full execution, not only the rate.
| Capital source | Where it may fit |
|---|---|
| Fannie Mae DUS Lenders | Programmatic multifamily or housing capital with defined underwriting, documentation, and eligibility requirements. |
| Freddie Mac Optigo Lenders | Programmatic multifamily or housing capital with defined underwriting, documentation, and eligibility requirements. |
| Fannie Mae Small Balance Loan Lenders | Programmatic multifamily or housing capital with defined underwriting, documentation, and eligibility requirements. |
| Freddie Mac Small Balance Loan Lenders | Programmatic multifamily or housing capital with defined underwriting, documentation, and eligibility requirements. |
How we work
One process. Multiple capital sources.
We position the transaction, identify the lenders most likely to compete, and compare proposals on economics and execution risk, not just headline rate.
A well-structured financing process should create real choices for the borrower, not simply deliver the first term sheet.
Target the right lender desks
The transaction is matched to lenders whose current appetite fits the property, market, and structure.
Create a comparable field
Proposals are evaluated across rate, proceeds, recourse, reserves, prepayment, and closing certainty.
Manage execution through closing
We coordinate lender diligence, third-party reports, and issue resolution until the loan funds.
National reach
Market knowledge where the deal requires it.
We arrange agency financing nationwide while matching each transaction to capital sources active in that market and property type.
Atlanta, GABoston, MAChicago, ILDallas, TXDenver, COHouston, TXLos Angeles, CAMiami, FLNashville, TNNew York, NYPhoenix, AZSan Diego, CASan Francisco, CASeattle, WATampa, FL
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Questions
Agency financing, clarified.
The final structure depends on the asset, sponsorship, and market. These are the starting parameters we discuss most often.
Working out equity? Our commercial property down payment guide covers typical requirements by loan type: 20% to 30% conventional, 10% for SBA owner occupied.
Agency loans are multifamily mortgages originated by Fannie Mae DUS and Freddie Mac Optigo lenders and purchased or securitized by the agencies. They are the most competitive source of capital for stabilized apartment properties, offering the lowest rates, highest leverage, and longest terms in the market.
Agency small balance loan (SBL) programs start at $1,000,000, while the standard DUS and Optigo programs typically begin at $5M to $6M. Both programs scale up to $100M+ per loan for larger portfolio transactions.
Fannie Mae and Freddie Mac agency rates typically range from 5.34% to 6.75% depending on term, leverage, and property quality. Green-certified and affordable properties often qualify for additional rate discounts of 10 to 20 basis points.
Yes. Both Fannie Mae and Freddie Mac agency loans are non-recourse as standard, subject only to customary carve-out guarantees for fraud, intentional misrepresentation, environmental liability, and other bad-boy acts.
Agency loans typically close in 45 to 90 days. Small balance loans often close faster (30 to 60 days) because they use streamlined underwriting, while large conventional deals with complex structures may take 90 days or more.
Agency financing is available for conventional multifamily, affordable and workforce housing, manufactured housing communities, student housing, seniors independent living, and certain assisted living properties. Pure seniors housing with heavy care is typically financed through HUD 232 rather than agency.
Let's evaluate the right agency structure.
Share the property and financing request. We will respond within 24 hours with an initial view.