Freddie Mac Capped ARM Apartment Loan City Capital Finance arranges Freddie Mac Capped ARM apartment loans for purchase refinance and moderate rehabilitation of multifamily properties in California. Freddie Mac Capped ARM apartment loan is suitable for borrowers who expect a decrease in rates or those who want the flexibility of a short term loan. Freddie Mac offers competitive, market driven pricing that provides low rates and spreads for the highest quality loans through its built-in interest rate cap. Loan Term $5 Million minimum. $3 Million in strong markets Term/Amortization 5 to 10 year terms Up to 30 year amortization Interest only option is available in some case Interest Rate Floating rate based on a 1 or 3 month LIBOR or 1 or 3 month Freddie Mac Reference Bills Debt Service Coverage Ratio Minimum 1.05 Loan to Value 80% maximum Assumable Assumable with lender approval and 1% fee Replacement Reserve Impounds Required Personal Recourse-Personal Guarantee Non-recourse with standard exceptions for fraud and misrepresentation