Freddie’s Small Balance Loan Program Enters Next Phase With New Investor

Steven Johnson

McLEAN, VA–Freddie Mac rang up $1.26 billion in its Small Balance Multifamily Loan program in the first quarter of 2017. While that may seem to be par for the course at the GSE — given the volume of lending it processes in general — the small balance program is relatively new. By way of comparison, in the first quarter of 2016, there were some $935.7 million in small balance transactions. In the first quarter of 2015, there were $50 million.

As for 2017, Freddie expects its Small Balance Loan program will exceed its 2016 volume of $3.72 billion well before the end of the year, Steven Johnson, VP of Small Balance Loan Business, tells GlobeSt.com.