If you are interested in Fannie Mae Funded Forward Rate Lock Commitment for 9% LIHTC Properties financing, it's important to understand your options. Below you will find frequently asked questions concerning Fannie Mae Funded Forward Rate Lock Commitment for 9% LIHTC Properties financing to help you with your lending decision. See below to find out about maximum LTV, terms and amortization, eligible properties, and more.
Fannie Mae Funded Forward Rate Lock Commitment for 9% LIHTC Properties Questions
Questions & Answers
What are the available terms and amortization?
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What is the maximum LTV?
The maximum loan to value is 90%
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Is this loan non-recourse?
Yes, this is a non-recourse execution with standard carve-outs for “bad acts” such as fraud and bankruptcy.
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What are the benefits?
- Protection from interest rate volatility by locking the interest rate and other key provisions prior to completing construction.
- Certainty and speed of execution.
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What property types are eligible?
- New construction and properties undergoing substantial rehabilitation, including preservation and rural transactions.
- Lenders approved to deliver forward commitments under Fannie Mae’s Multifamily Affordable Housing product line.
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