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CORPORATE HEADQUARTERS | 10 West Broad Street, 8th Floor | Columbus, OH 43215 | 1.800.837.5100

FREDDIE MAC SMALL BALANCE LOAN PROGRAM

The RED Capital Group Freddie Mac Small Balance Loans program includes the following features:

  • Both fixed-rate and hybrid ARMs available
  • Hybrid ARM product fixed for first 5, 7, or 10 years and then floating over 6 month LIBOR for remaining term
  • Lifetime cap set at 500 bps over start rate
  • Lifetime floor set at fixed start rate
  • Gross margin of 275 bps (7 and 10-year loans) or 325 bps (5-year loans) after fixed rate period
  • Maximum 1% periodic rate adjustment (up or down)
  • Actual/360 interest payments

RED Capital Group offers flexible prepayment options and highly competitive rates with maximum proceeds. Loans are non-recourse and assumable, and cash out is available. Eligible properties include nationwide conventional multifamily properties with five residential units or more, including conventional housing with tax abatements and Section 8 vouchers.

RED Capital Group is a wholly owned subsidiary of ORIX USA Corp.