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Assumability

June 6, 2019 By Janover Ventures

Assumability in Relation to the Freddie Mac SBL Program

If a commercial or multifamily loan is assumable, it can be transferred to a new borrower, allowing the current owner to avoid prepayment penalties. It can also make the property easier to sell, as the new borrower will not have to pay most of the costs of taking out a new loan. However, if the loan is already several years into its term, assuming a loan may require the new borrower to make a sizable down payment in order to acquire the property, which they may or may not be willing to do.

In regards to the Freddie Mac SBL program, all Optigo Small Balance Loans are fully assumable with lender approval and a 1% fee.

Filed Under: Freddie Mac Multifamily Loans, Freddie Mac SBL, Glossary Tagged With: Assumable Loans, Assumable Multifamily Loans, Freddie Mac Multifamily, Freddie Mac SBL, Freddie Mac Small Balance Loans

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Janover Ventures, LLC.
7601 N Federal Hwy. Ste B140
Boca Raton Florida 33487

Call: (800) 567-9631
Email: hello@multifamily.loans

 

Information

Loan Facts

Terms, Qualifications, and Guidelines

Term Sheet

Interest Rates

Portfolio Loans

 

Knowledge Base

Frequently Asked Questions

Glossary

Application

Application Process

Third Party Reports

Appraisal Process

Environmental Assessments

Property Condition Reports