“Renovation and acquisition often go hand in hand. Many, if not most, of the multifamily properties that come under new ownership this year will get spruced up. Even for properties that pose distinct financing challenges, creative solutions are available, and some innovative options are gaining traction,” writes Multi-Housing News’ Jeffrey Steele, who recently discussed Fannie Mae’s Mod Rehab Supplemental Mortgage Loans with Berkadia’s Meghan Varga.
“The Fannie Mae Mod Rehab Supplemental saves borrowers as much as 45 basis points compared to traditional supplemental financing,” she explained to Steele. Read the article in it’s entirety here.