Institutional-Grade Financing for Stabilized Assets
Fannie Mae DUS and Freddie Mac Optigo programs for stabilized multifamily assets with 50+ units. 10–30 year fixed rates, non-recourse, and competitive spreads.
$5M+
Loan Size
10, 12, 15, 30 Yr
Fixed Rate Terms
80%
Max LTV
Non-Recourse
Recourse
Overview
Long-Term Certainty for Large Multifamily Assets
For stabilized apartment communities of 50+ units, Fannie Mae DUS and Freddie Mac Optigo programs offer the most competitive long-term fixed rates available in the market — backed by the implicit guarantee of the US government and the liquidity of the agency securitization markets.
Lumen Mortgage works with investors and property owners to structure agency loans that meet your long-term hold strategy. From 10-year fixed with stepdown prepayment to 30-year fully amortizing structures, we'll find the term and structure that fits your asset and your portfolio.
Who This Is For
Key Features
What Makes This Program Work
Non-Recourse Debt
Agency loans are non-recourse with standard carve-outs — protecting your personal balance sheet on large asset acquisitions.
Long-Term Fixed Rates
Lock in competitive fixed rates for 10, 12, 15, or 30 years. Rate caps on floating-rate structures also available.
Fannie & Freddie Programs
Access DUS (Fannie Mae) and Optigo (Freddie Mac) programs with deep liquidity and consistent underwriting standards.
Supplemental Financing
Once seasoned, extract equity with a supplemental loan on top of existing agency debt without refinancing your primary loan.
Affordable Housing Options
LIHTC, Section 8, and workforce housing transactions supported with specialized agency programs and favorable terms.
Green Programs
Energy-efficient properties may qualify for Fannie Mae Green Rewards or Freddie Mac Green Advantage — offering reduced rates for documented energy savings.
The Process
How It Works
Deal Submission
Submit rent roll, T-12 operating statement, rent roll, and property summary. Preliminary term sheet within 24 hours.
Application & Third Parties
We engage agency-approved appraisers, Phase I environmental, and property condition assessment. Timeline is approximately 45–60 days.
Agency Approval
File is submitted to Fannie Mae or Freddie Mac for DUS/Optigo approval. Our experienced team manages the agency review process.
Closing
Loan documents are prepared, rate is locked, and the transaction closes. Agency loans typically close in 45–60 days from application.
Requirements
General Qualifications
Ready to See If You Qualify?
Every deal is unique. Give us a call or submit a quote request and we'll review your scenario, identify the right program, and walk you through your options — at no cost and with no obligation.
Licensed in Oregon & California · NMLS #1498678
FAQ
Common Questions
From the Blog
Further Reading
MultifamilyValue-Add & Rehab Loans for Multifamily Apartments: The Complete Financing Guide for Investors
Buying a tired apartment building, forcing appreciation through strategic renovations, and refinancing at a higher value is one of the most proven wealth-building strategies in real estate — but the financing is more complex than a standard rental loan. Here's how value-add multifamily deals actually get funded.
InvestmentDSCR Loans Explained: How Real Estate Investors Qualify Without Tax Returns
If you're a real estate investor with strong rental income but complex taxes, a DSCR loan might be your best financing option. Here's exactly how they work and who they're designed for.
RefinancingWhen Does It Make Sense to Refinance Your Mortgage?
Refinancing can save you thousands — or cost you thousands. Here's a straightforward framework for deciding whether a refi makes sense for your situation right now.
What Our Clients Say
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Ready to Finance Your Next Deal?
Our multifamily specialists respond within 1 business day with a custom term sheet tailored to your property and investment strategy.