What are the Tier 2, Tier 3, and Tier 4 thresholds on Fannie Mae and Freddie Mac multifamily loans?

How does Fannie Mae DUS MBS pricing translate into the rate sponsors see on a term sheet?

DUS MBS execution price plus DUS guarantee fee plus servicer spread equals the loan's gross note rate. Rising MBS spreads widen sponsor pricing in real time.

How is a Fannie or Freddie supplemental loan sized?

Supplemental sizing is the binding minimum across (1) combined LTV against current appraised value, (2) combined DSCR including the supplemental's debt.

What is the 12-month seasoning rule on agency multifamily cash-out refinances?

Most agency cash-out refinances require 12 months of seasoning from the most recent acquisition or refinance, with proceeds tested against contributed-capital.

Agency multifamily loans: pricing, supplemental debt and rate locks

Sponsor-POV deep dive on agency multifamily mechanics, DUS MBS pricing translation, tier 2/3/4 thresholds, supplemental sizing, MAH/TAH affordability, Green.

Agency multifamily loan structures

Sponsor-POV resources on agency multifamily mechanics, DUS MBS pricing, tier 2/3/4, supplementals, MAH/TAH, Green Rewards, Near-Stabilization, SARM, Index.

Agency supplemental loan sizing worksheet

A sponsor-side calculator for sizing Fannie DUS or Freddie Optigo supplemental loans against a seasoned senior, plus tier 2/3/4 pricing lookup logic.

agency tier