Term Sheet Library
Welcome to the Term Sheet Library. Explore our comprehensive collection of financing resources designed to help you make informed decisions.
| Affordable Housing Preservation | Offering long-term financing or refinancing solutions for stabilized rental properties with rent and income restrictions. |
| Bulk Delivery | This structuring option allows borrowers to arrange flexible financing terms for a group of properties with property substitution, supplemental financing, and expansion capabilities. |
| Choice Refinance | Learn more about our streamlined refinance execution for Fannie Mae Portfolio Mortgage Loans in good standing. |
| Conventional Properties | See our first-lien permanent mortgage loan financing options for the acquisition or refinance of conventional multifamily properties. |
| Cooperative Properties | Fannie Mae Multifamily provides financing options for properties owned by a Cooperative Organization, which is a corporation or other legal entity where each shareholder or equity owner is granted the right to occupy a unit in a multifamily residential property under a proprietary lease or occupancy agreement. |
| Credit Facility | Fannie Mae's Credit Facility is a flexible financing tool that allows a Sponsor to manage debt across their entire multifamily portfolio. As a structured transaction, the Fannie Mae Credit Facility allows a Sponsor to access funds over an extended period without loan re-applications. A Credit Facility permits a combination of variable and fixed rate debt with laddered maturities and flexible post-closing features, so a Sponsor can manage complex and changing business strategies to achieve their long-term goals. |
| Declining Prepayment Premium | Fannie Mae Multifamily offers a Declining Prepayment Premium (also known as Graduated Prepayment Premium) that provides a flexible prepayment premium structure for fixed rate Mortgage Loans, Structured ARM Loans (SARM Loans) and Hybrid ARM Loans. |
| DUS MBS | Our loans are securitized on a single-asset basis, providing creative structuring flexibility. |
| DUS Mortgage Loans | First-lien permanent mortgage loan financing options for the acquisition and/or refinancing of multifamily properties. |
| Fixed-Rate Mortgage Loans | Flexible fixed-rate options for acquiring or refinancing multifamily properties. |
| Green Building Certifications Term Sheet | A pricing incentive to finance properties that have acquired a Fannie Mae-recognized green building certification that meets minimum energy efficiency and other green building requirements. Eligible certifying organizations include U.S. Department of Energy, U.S. Environmental Protection Agency, U.S. Green Building Council, Enterprise Community Partners, Passive House Institute, and more. |
| Green Rewards | A product feature that provides lower pricing, additional loan proceeds, and a free High Performance Building Report (energy and water audit) to finance smarter, greener property improvements. Eligible improvements include new ENERGY STAR® appliances, energy-efficient HVACs, WaterSense labeled low-flow fixtures, LED lighting, solar photovoltaic (Solar PV) systems, and more. |
| Manufactured Housing Communities Term Sheet | Provides financing options for manufactured housing communities where the Borrower owns the Manufactured Housing Community (MHC) sites and associated common amenities and infrastructure. |
| MBS as Tax-Exempt Bond Collateral (MTEB) - Fixed Rate | A Fannie Mae Multifamily MBS that can be used as collateral to credit enhance either (i) existing fixed-rate bond refundings, or (ii) new fixed-rate bond issues in conjunction with 4% Low-Income Housing Tax Credits (LIHTC). |
| MBS Exchange (Taxable Forward) | Fannie Mae Multifamily provides a forward commitment to issue an MBS for taxable bonds issued to finance the acquisition, new construction, refinancing, or moderate to substantial rehabilitation of multifamily properties. |
| Mod Rehab Supplemental Mortgage Loan | Learn about our subordinate financing options for multifamily properties that have completed moderate rehabilitation. |
| Moderate Rehabilitation (Mod Rehab) Supplemental Mortgage Loan for Affordable Properties | Subordinate financing options for affordable multifamily properties that have completed moderate rehabilitation. |
| Near-Stabilization Execution Term Sheet | Fannie Mae's Near-Stabilization execution provides a powerful source of stable, permanent loan financing that supports the construction or significant renovation of conventional and affordable multifamily properties across the nation. With flexible loan terms and many other benefits, including competitive pricing, prepayment flexibility, and certainty of execution, our Near-Stabilization program is an effective solution for borrowers with a strong lease-up track record. |
| Reduced Occupancy Affordable Rehab (ROAR) Execution | Permanent mortgage loan financing for Multifamily Affordable Housing (MAH) Properties in need of renovations, eliminating the need for a construction loan. |
| Seniors Housing Financing | Fannie Mae Multifamily provides financing options for a Property providing: Independent Living (IL); Assisted Living (AL); Alzheimer’s/Dementia Care (ALZ); or any combination of IL, AL, or ALZ. |
| Small Mortgage Loan Program | The streamlined loan process for fixed- and variable-rate Mortgage Loans up to $9 million nationwide. |
| Sponsor-Dedicated Workforce (SDW) Housing | Fannie Mae Multifamily provides better pricing and more flexible underwriting to incentivize the election of rent restrictions on workforce housing supply. |
| Sponsor-Initiated Affordability | Doing well by doing good. Help stabilize communities and expand affordability. Fannie Mae Multifamily offers a product that provides better pricing and underwriting flexibility to incentivize the voluntary creation or preservation of units that are affordable. |
| Standard FHA Risk Sharing Execution | The Standard FHA Risk Sharing execution for Multifamily Affordable Housing (MAH) transactions provides better pricing for Borrowers while retaining the ease of working with their Fannie Mae Lender. MBS and Credit Enhancement Mortgage Loans for bond executions are available. |
| Streamlined Rate Lock | Our Streamlined Rate Lock (SRL) option allows Borrowers to manage interest rate risk, while keeping flexibility and speed to rate lock in mind. SRL is available on all fixed-rate loans for the acquisition or refinance of multifamily properties. |
| Structured Adjustable Rate Mortgage Loans (SARM Loans) Term Sheet | Long term financing with a very competitive variable interest rate that is convertible to a fixed-rate for the acquisition or refinance of multifamily properties. |
| Student Housing Term Sheet | Learn about financing options for Student Housing Properties where 40% or more of the units are leased to undergraduate or graduate students. |
| Supplemental Mortgage Loans | Fannie Mae Multifamily offers subordinate financing options for multifamily properties with an existing Fannie Mae Portfolio Mortgage Loan. |
| Tax-Exempt Bond Credit Enhancement | We provide credit enhancement for tax-exempt bonds issued to finance the acquisition, new construction, refinancing, or moderate to substantial rehabilitation of multifamily properties. |
| Unfunded Forward Commitment for 4% LIHTC Transactions Term Sheet | Fannie Mae Multifamily offers an unfunded forward commitment to issue an MBS upon completion of construction and conversion to a permanent Mortgage Loan for Multifamily Affordable Properties. The MBS as Collateral for Tax-exempt Bonds (MTEB) execution is an available option for 4% LIHTC transactions. MTEB and 80/20 executions are available options for Unfunded Forward Commitments. |
| Unfunded Forward Commitment for 9% LIHTC Properties | Fannie Mae Multifamily offers an unfunded forward commitment to issue an MBS upon completion of construction and conversion to a permanent Mortgage Loan for Multifamily Affordable Properties using 9% LIHTC. |