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Freddie Mac Approves Capital One Multifamily Finance as Seller/Servicer

October 19, 2015, 07:16 AM
Filed Under: Industry News

Freddie Mac and Capital One Multifamily Finance announced Capital One is an approved lender in Freddie Mac’s Small Balance Loan offering, which offers debt solutions for multifamily acquisitions and refinancing for smaller properties with at least five units.
“We are pleased to add Freddie Mac’s Small Balance Loan offering to the full range of Agency and balance sheet lending products we offer our clients,” said Grace Huebscher, President of Capital One Multifamily Finance. “Our depth of experience and specialized expertise in the Multifamily market complements Freddie Mac’s goals for this program, and we will bring our relationship-driven approach and sharp focus on providing tailored financial solutions to these clients.”
“Capital One was selected for its expertise in commercial real estate, especially in the smaller loan market,” said David Brickman, executive vice president of Freddie Mac Multifamily. “We look forward to working with Capital One to meet the financing needs of small apartment property owners.”
Freddie Mac’s Small Balance Loan offering features both fixed-rate mortgages and hybrid adjustable-rate mortgages ranging from $1 million to $5 million for apartment properties with at least five units, and includes terms that are highly competitive with banks.
Capital One Bank’s Commercial Real Estate Group offers a comprehensive array of financing solutions for property owners and developers nationwide, including balance sheet and agency lending.
Freddie Mac was established by Congress in 1970 to provide liquidity, stability and affordability to the nation’s residential mortgage markets. Freddie Mac supports communities across the nation by providing mortgage capital to lenders. Today Freddie Mac is making home possible for one in four home borrowers and is one of the largest sources of financing for multifamily housing.

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