Multi-Family Housing

Great Lakes Financial Group provides access to a full range of multifamily financing options that can be arranged on either a short or long-term basis. Our lender relationships with Freddie Mac, FHA/HUD, and Fannie Mae can accommodate requests for various projects at differing stages, including:

• Construction, rehabilitation or renovation
• Acquistions
• Lease up of partially stabilized properties
• Short or long term refinancing of existing debt

Minimum loan amounts are $2mm with LTV's not to exceed 85%. Clients can expect terms up to 10 years with 30 year amortization schedules (HUD financing provides 40 year schedules). Minimum DSCR parameters of 1.25x:1 normally need to be met.