ATLANTA—Fannie Mae and Freddie Mac's small balanceloan program has hit a stride over the past year. The program wasdesigned to target areas of the marketplace that lacked liquidityoptions and focuses on multifamily deals with a mortgagebalance from $1 to $5 million.
A combination of non-recourse, higher leverage points—up to80%—and attractive rates have made the program a hit with buyers.Some capital markets watchers say the small balance loan program isthe best financing option for multifamily private investorsand the market has appreciated significantly for multifamilysince the program's inception.
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