Fannie Mae Structured ARM Apartment Loan Fannie Mae Structured ARM is a variable rate mortgage alternative that will finance up to 75% Loan to value of the multifamily property. City Capital Finance arranges Fannie Mae Structured ARM multifamily loans for purchase or refinance of apartment buildings and multifamily properties in California. The Fannie Mae structured ARM apartment loan has conversion option, two index option and supplemental mortgages Loan Amount $25 Million Minimum for single asset loans $25 Minimum loan amount for multiple asset transactions that would be delivered within 12 months Term/Amortization 5, 7 and 10 year terms Up to 30 year amortization Interest Rate Floating rate spread over 1 or 3 month LIBOR Debt Service Coverage Ratio Minimum 1.0 depending on LTV and other risk characteristics Loan to Value 75% maximum 75% maximum for cash out Occupancy Requirement 90% Physical Occupancy Assumable Assumable with lender approval and 1% fee. Replacement Reserve Impounds Required-Not less than $250 per unit Personal Recourse-Personal Guarantee Non-recourse with standard exceptions for fraud and misrepresentation