Capital One is approved lender for Freddie Mac
Capital One Multifamily Finance and Freddie Mac have announced Capital One is an approved lender for the Freddie Mac Small Balance Loan offering.
The program is geared toward those refinancing smaller properties with at least five units. Freddie Mac's Small Balance Loan offering features both fixed-rate mortgages and hybrid adjustable-rate mortgages ranging from $1 million to $5 million for apartment properties with at least five units, and includes terms that are highly competitive with banks.
“Capital One was selected for its expertise in commercial real estate, especially in the smaller loan market,” said David Brickman, executive vice president of Freddie Mac Multifamily.