Freddie Mac Interest Only Apartment Loan City Capital Finance arranges Freddie Mac Interest Only apartment loans for purchase refinance and moderate rehabilitation of multifamily properties in California. Freddie Mac apartment loan offers competitive, market driven pricing that provides low rates and spreads for the highest quality loans while providing flexible loan terms. The Freddie Mac Interest Only loan offers full or partial interest only payments for borrowers looking to reduce their pay rate and maximize cash flow. Freddie Mac also offers standard or early rate lock delivery options on their interest only loans, making it possible for borrowers to lock in a desirable interest rate as early as 12 months before the loan closes. Borrowers can choose Fixed-to-Float option which automatically converts the loan into a floating rate mortgage for an additional year during which time the borrower can arrange for new financing. Loan Term $5 Million minimum. Term/Amortization 5 to 10 year terms 5 to 15 year term (fixed-to-float) Up to 30 year amortization Interest Rate 10 years (full interest only) Debt Service Coverage Ratio Minimum 1.55 for full interest only Loan to Value 65% maximum for full interest only Minimum Occupancy Requirement 90% for 90 days prior to loan closing 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