$7.5 Million Freddie Mac Optigo SBL Multifamily Loan

By Trevor Damyan, Commercial Mortgage Broker at Commercial Lending Solutions

A $7.5 million Freddie Mac Optigo Small Balance Loan (SBL) multifamily transaction is at the upper end of the Freddie SBL program ($1M to $7.5M cap). The SBL program offers streamlined underwriting and faster close than Freddie Conventional. Most $7.5M Freddie SBL transactions are stabilized refinances or acquisitions of Class B garden multifamily.

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What a $7.5M Freddie SBL Multifamily Capital Stack Looks Like

$7.5M Freddie SBL transactions fund as a single senior agency loan with streamlined underwriting.

Capital Source Rate / Cost Size / LTV Notes
Freddie Mac Optigo SBL 5.65 to 6.05% $7.5M / 70 to 75% LTV Cap of SBL program
Fannie Mae DUS Small 5.75 to 6.10% $7.5M / 75 to 80% LTV Higher leverage option
Freddie Conventional 5.65 to 6.05% $7.5M / 70 to 80% LTV Longer timeline; full UW
Bank balance sheet 6.95 to 8.50% $7.5M / 65 to 70% LTV Recourse typical

Pricing reflects active CLS CRE quote pipeline as of April 2026. Specific deal pricing depends on sponsor, property, and structure.

Who Closes a $7.5M Freddie SBL Multifamily Deal

Typical $7.5M Freddie SBL sponsors are private capital multifamily owners with 3 to 15 properties. The SBL program suits sponsors who want streamlined execution at the upper boundary of the small balance program.

A Real $7.5M Example

On a 38-unit Class B garden multifamily refinance in a Sun Belt market, the sponsor refinanced into Freddie Mac Optigo SBL at 5.78 percent fixed 10-year, 73 percent LTV ($7.3M).

Anonymized. All deal references protect borrower and lender identity.

$7.5M Freddie Mac SBL Multifamily FAQ

Freddie SBL caps at $7.5M; Fannie Small extends to $9M. Both offer streamlined underwriting versus Conventional execution.
30 to 45 days from application to close on most transactions.
Yes, but with longer timeline (55 to 75 days) and full Conventional underwriting versus streamlined SBL.

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