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Fannie Mae DUS®

RED Mortgage Capital, LLC is an approved Fannie Mae Delegated Underwriting and Servicing (DUS®) mortgage lender. RED underwrites, funds and services first and second lien mortgage loans, structured credit facilities and provides bond credit enhancements for properties and communities nationwide for conventional and affordable multifamily, seniors and student housing properties and manufactured housing communities.

Solutions for properties nationwide:

  • Conventional Loans:

    RED Mortgage Capital, LLC (RED) provides non-recourse, fixed and floating- rate, 5 to 30 year balloon or fully amortizing mortgages for market rate properties.

  • Affordable Housing:

    RED underwrites multifamily affordable housing properties such as those with low income housing tax credits (LIHTC), Housing Assistance Payment (HAP) tax exempt bonds contracts or other subsidies that may be eligible for special underwriting and special interest rates.

  • Adjustable Rate Mortgages:

    RED provides a variable interest rate option with loans that reset monthly or quarterly to a margin over one- or three-month LIBOR. Terms of 5, 7 and 10 years are available, with the option to structure either as convertible to fixed rate or as non-convertible. Loans under $25 million will have a 7 year term and an embedded interest rate cap. Loans above $25 million may have 5, 7, or 10 year terms and generally require the borrower to purchase an interest rate cap.

  • Early Rate Lock:

    With this feature, borrowers may opt to lock in their interest rate at an early stage of RED’s underwriting.

  • Supplemental Loans:

    RED can provide second mortgages after the prior Fannie Mae mortgage has seasoned one year to allow release of built-up equity.

  • Credit Facilities:

    RED underwrites Fannie Mae Revolving Credit Facilities for large well capitalized borrowers seeking flexible fixed and floating rate financing for cross-collateralized pools of assets (typical pool size: $100,000,000).

  • Structured Finance:

    RED provides Structured Financing to provide interim financing to borrowers who need to secure permanent financing at a later time.

  • Fannie Mae Green Financing:

    There are three types of Green Financing Products: Green Building Certification, Green Rewards, and Green Preservation Plus. Click here to learn more about Fannie Mae Green Financing.

  • Fannie Mae Small Mortgage Loans:

    RED Mortgage Capital, LLC offers fixed rate and variable rate funding on loans for multifamily properties and manufactured housing communities, from $1,000,000 to $3,000,000 in nationwide markets and up to $5,000,000 in eligible markets. Click here to learn more about Fannie Mae Small Mortgage Loans.

For term sheets and collateral, click here.

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