Fannie Mae vs Freddie Mac vs HUD 223(f): the same building, three loan sizes
One 45-unit building through Fannie Mae, Freddie Mac and HUD 223(f) at the same rate. HUD sizes about $720,000 larger here. Why, and what it costs.
Guides
Every multifamily loan program, sized against your building.
Freddie Mac's Small Balance Loan program is gone. Here's what replaced it
Freddie Mac stopped taking SBL applications on April 30, 2026. Its replacement, Optigo Conventional Small, covers $2M to $10M loans on 5 to 50 units.
Can you use an SBA loan to buy an apartment building?
SBA 7(a) and 504 loans can't finance apartment buildings. The SOP rule, the regulation behind it, the narrow exceptions, and what 5+ unit buyers use instead.
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