The Fannie Mae Fixed Rate Product will provide up to 80% of the value of the property for terms from 5 to 30 years. It also gives borrowers the choice of ballooning or fully amortizing mortgages, early rate locks, and supplemental loans.

No one has ARCS' experience with Fannie Mae products. With over $18 billion in loan production, we're Fannie Mae's #1 DUS^TM lender year after year.

Beyond the benefits of any specific lending product, ARCS' expertise and unwavering commitment to extraordinary customer service are what set us apart from the rest. And with specialists in affordable housing, seniors housing, student housing, manufactured housing communities, mezzanine & bridge financing, FHA multifamily, and capital markets, we can help meet your most critical financial and timing needs. No one delivers more.

Eligibility
All multifamily property types

Loan amounts
$500,000 minimum. No maximum.

Term/amortization
5 to 30 year term
Up to 30 year amortization

Interest rates
Fixed rate only

Debt service coverage ratio
1.25x minimum

Loan to value
80% maximum

Personal recourse
Non-recourse with standard 'Carve-Outs' and Key Principal obligations

Prepayment   
Yield maintenance, defeasance or graduated prepayment (cash only)

Origination fee
1%

Commitment fee
2% (refundable)

Third party fees
Includes legal, appraisal, engineering, and environmental reports. Seismic reports and survey may also be required.

Minimum occupancy requirement
90% sustained for 90 consecutive days
(85% acceptable for special circumstances)

Replacement reserve impounds
Required - not less that $150/unit
(waiver considered for special circumstances)

Taxes and insurance impounds
Required
(may be waived for low leverage transactions)

Assumability
Assumable with lender approval and a 1% fee

Supplemental mortgages   
Available after 1 year (up to 2 available, plus 1 more upon sale and assumption)

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