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News Releases
May 18, 2010
HomeStreet Designated Approved Lender under Fannie Mae's Small Loan Program for Multifamily Properties
SEATTLE - HomeStreet Capital, one of the Northwest’s oldest commercial real estate lenders, has been designated an approved lender under the Fannie Mae Small Loan Program for multifamily properties. HomeStreet has been a licensed participant in the Fannie Mae DUS® multifamily loan program since the program’s inception in 1988.
The recently modified Small Loan Program provides a streamlined approach for multifamily investment properties. Typically, loans range in size from $500,000 to $5,000,000 and are available at fixed- or adjustable-rate terms. Properties must have a minimum of five multifamily units, and commercial space is allowed up to 35 percent of the total building square footage.
HomeStreet Capital has commercial real estate offices in Seattle, Wash. and Portland, Ore. For more information, visit www.homestreetcapital.com.
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