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Loan Programs




 
Agency Lending

Prudential offers an expanded line of multifamily property financing options through Fannie Mae, Freddie Mac and our Agency Gateway Program.

    


Fannie Mae


As a nationally recognized DUS® lender , Prudential provides permanent financing for the purchase or refinance of stabilized multifamily and specialized properties, including affordable, student, seniors, and manufactured housing.

Program
DUS™ Multifamily Mortgage
DUS/ARM Multifamily Mortgage
Credit Enhancement (fixed-rate and weekly variable-rate housing revenue bonds)
Construction Loan Takeout for LIHTC
Mezzanine (available behind DUS first mortgage)
Extended maturity (fixed, floating)
Structured ARM
   
Terms
Early rate lock
Yield maintenance
Defeasance
Structured prepayment options
Supplemental loan program
Non-recourse except for standard commercial carve outs
Forward commitments
Single asset substitution option


Contact a Prudential Loan Officer
 





Freddie Mac


Prudential Johnson Apartment Capital Express is a nationally recognized Program Plus® lender and provides permanent financing for the acquisition or refinance of stabilized multifamily and specialized properties, including student, seniors, and structured finance facilities.

Program
Capital Markets Execution
Capped ARM Mortgages (priced over LIBOR or Freddie Mac Reference Bill)
Fixed-to-Float options
Credit Enhancement (fixed-rate and weekly variable-rate housing revenue bonds)
LIHTC 9%
   
Terms
Supplemental loan program
Non-recourse except for standard commercial carve outs
Fully amortizing loan structures
Interest Only available on certain structures
Early rate lock / Early spread lock
Yield maintenance
Defeasance
Structured prepayment options





Contact a Prudential Loan Officer
 





Agency Gateway Program


Prudential’s Agency Gateway Program ("AGP") provides refinancing or acquisition financing for multi-family properties that have not achieved the stabilized operating levels required for permanent financing through Fannie Mae, Freddie Mac or FHA (each, an “Agency”) programs.

Our regional offices, located throughout the United States, are staffed with highly qualified and experienced loan officers, underwriters and analysts.

Program and Terms
Floating rate
12 – 24 month terms
Loans ranging from $5 million to $25 million
Refinancing or acquisition financing of multifamily properties
Recourse loans (amount of recourse determined on a loan-by-loan basis)


Contact a Prudential Loan Officer
 






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