Small Balance Multifamily

Fund your vision with superior small balance multifamily lending

We offer customized financing solutions for loans $1 million and up to help you acquire or refinance a multifamily property. No matter the size, your loan is important to us.

Start Scrolling
A woman sitting in a chair looking at a cell phone.

Why Walker & Dunlop

Tailored approach. Unmatched expertise.

If you need a loan anywhere in the United States, our multifamily experts can help you understand the trends and rates in your area and recommend the best financing options. Partner with one of the nation’s top multifamily lenders for your refinance and acquisition needs.

by the numbers

Top-ranked multifamily lender

#1

Fannie Mae DUS® Lender in 2023

#3

Fannie Mae DUS® small loan Lender in 2023

#3

FREDDIE MAC OPTIGO® Lender in 2023

#4

FREDDIE MAC OPTIGO® small balance loan Lender in 2023

Your lender for life

Current Rates

Freddie Mac Small Balance Loans

Fannie Mae Multifamily Small Loans

  • Columns display rates by maximum loan-to-value (LTV) and minimum debt service coverage ratio (DSCR).
  • Fixed products have fixed interest rates throughout the stated loan term.
  • 5- & 7-year hybrid products have a 10-year loan term with an initial fixed-rate period as indicated in the loan product's name, converting to a floating-rate product thereafter. 10-year hybrid products follow the same structure, but with a 20-year term.

FREDDIE MAC

Last Updated November 19, 2024

LTV | DSCR

80% | 1.20x

5-Year Hybrid

6.54%–6.94%

7-Year Hybrid

6.45%–6.85%

10-Year Hybrid

6.47%–6.87%

5-Year Fixed

6.49%–6.89%

7-Year Fixed

6.30%–6.70%

10-Year Fixed

6.27%–6.67%

LTV | DSCR

65% | 1.40x

5-Year Hybrid

6.34%–6.74%

7-Year Hybrid

6.25%–6.65%

10-Year Hybrid

6.27%–6.67%

5-Year Fixed

6.29%–6.69%

7-Year Fixed

6.10%–6.50%

10-Year Fixed

6.07%–6.67%

LTV | DSCR

55% | 1.50x

5-Year Hybrid

6.26%–6.66%

7-Year Hybrid

6.17%–6.57%

10-Year Hybrid

6.19%–6.59%

5-Year Fixed

6.21%–6.61%

7-Year Fixed

6.02%–6.42%

10-Year Fixed

5.99%–6.39%

Displayed rate ranges are estimates based on a series of standard assumptions surrounding loan terms such as duration, rate type, interest-only period, and prepayment structure, as well as the condition, format, location, use, and tenancy of the collateral in question. Stated estimates only apply to loan requests between $2 million–$7.5 million placed on fully-stabilized, conventional multifamily properties with 5+ units and no significant tenant concentrations.


Stated rate estimates are not fixed and are subject to change at any time.


Estimates for loans between $1 million–$2 million, greater than $6 million (Fannie) or greater than $7.5 million (Freddie), flexible prepayment structures, and/or collateralized by a 50+ pad Manufactured Housing Community or other multifamily property type are available upon request.

Fannie Mae

Last Updated November 19, 2024

LTV | DSCR

80% | 1.25x

5-Year Fixed

6.71%–7.11%

7-Year Fixed

6.43%–6.83%

10-Year Fixed

6.30%–6.70%

12-Year Fixed

6.39%–6.79%

15-Year Fixed

6.50%–6.90%

30-Year Fixed

7.11%–7.51%

LTV | DSCR

65% | 1.35x

5-Year Fixed

6.17%–6.57%

7-Year Fixed

6.12%–6.52%

10-Year Fixed

6.10%–6.50%

12-Year Fixed

6.19%–6.59%

15-Year Fixed

6.30%–6.70%

30-Year Fixed

6.91%–7.31%

LTV | DSCR

55% | 1.55X

5-Year Fixed

5.97%–6.37%

7-Year Fixed

5.92%–6.32%

10-Year Fixed

5.90%–6.30%

12-Year Fixed

5.99%–6.39%

15-Year Fixed

6.10%–6.50%

30-Year Fixed

6.71%–7.11%

Displayed rate ranges are estimates based on a series of standard assumptions surrounding loan terms such as duration, rate type, interest-only period, and prepayment structure, as well as the condition, format, location, use, and tenancy of the collateral in question. Stated estimates only apply to loan requests between $2 million–$7.5 million placed on fully-stabilized, conventional multifamily properties with 5+ units and no significant tenant concentrations.


Stated rate estimates are not fixed and are subject to change at any time.


Estimates for loans between $1 million–$2 million, greater than $6 million (Fannie) or greater than $7.5 million (Freddie), flexible prepayment structures, and/or collateralized by a 50+ pad Manufactured Housing Community or other multifamily property type are available upon request.

For loan inquiries starting at $1 million, request a quote from our small balance multifamily experts.

A man and a woman standing next to each other.

FINANCE

Find the right solution 
for your property

We make it easy to get you the right loan when you need it. We originate, underwrite, close, and service your loan in-house – ensuring a streamlined and transparent process.

Term Sheets

  • Loan Amount: $1mm+

  • LTV: 80%

  • Non-Recourse

  • Term: 5-20 years, with a 30-year amortization schedule

  • Partial and Full-Term Interest Only available

  • Flexible Prepayment

  • Reduced cost & processing requirements available through Small Balance Loan execution (Loans ≤ $7.5mm)

  • Rate Held at Application (Small Balance Loan execution only)

  • Loan Amount: $1mm+

  • LTV: 80%

  • Non-Recourse

  • Partial and Full-Term Interest Only available

  • Streamlined rate lock option available

  • Flexible Prepayment

  • Term: 5-30 years, with a 30-year amortization schedule

  • Reduced cost and processing requirements available through Small Mortgage Loan execution (Loans ≤ $9mm)

  • Loan Amount: $2mm+

  • LTV: 70%

  • Non-Recourse

  • Reduced cost and processing requirements for loans ≤ $7.5mm

  • Term: 3-7 years, Full-Term Interest Only

  • Floating Rate Only

  • FHA: As a FHA lender, Walker & Dunlop provides permanent and construction lending for market rate, affordable, mixed income, healthcare, and senior housing (including Alzheimer’s and assisted/independent living facilities).

  • Capital Markets: Through relationships with more than 370 capital providers including insurance companies, commercial mortgage-backed securities lenders (CMBS), and banks, Walker & Dunlop’s Capital Markets execution delivers terms uniquely suited to each transaction.

INVESTMENT SALES

More than brokers. 
Trusted advisors.

As an advisor to both buyers and sellers of commercial real estate, our experts get you the best deal possible and see you through the long-term journey – from detailed analyses and expert advice to skillful sale and negotiation.

A couple of people sitting at a table.
A man sitting in front of two computer monitors.

VALUATIONS

Find out what it’s worth–fast

Gain a clear understanding of the value of your property from our talented appraisers, who share their local expertise in markets nationwide.

Loan Servicing

Service through the loan lifecycle

We provide the highest level of customer service, with an expert analyst assigned to each loan in our portfolio — giving you a single point of contact and a trusted advisor at all times.

A group of people sitting around a wooden table.

Our People

Small Balance experts

Request a quote

For loan inquiries of $1 million or more, please complete this form and a member of our team will contact you.

1

Personal

2

Loan

3

Property

4

Final

Request a quote

For loan inquiries of $1 million or more, please complete this form and a member of our team will contact you.

1

Personal

2

Loan

3

Property

4

Final

Request a quote

For loan inquiries of $1 million or more, please complete this form and a member of our team will contact you.

1

Personal

2

Loan

3

Property

4

Final

Request a quote

For loan inquiries of $1 million or more, please complete this form and a member of our team will contact you.

1

Personal

2

Loan

3

Property

4

Final

By submitting this form, you accept Walker & Dunlop's terms & conditions and Privacy Policy.
Thank you for contacting us! Your inquiry has been forwarded to a member of our team.
Oops! Something went wrong while submitting the form.

Services

Our comprehensive CRE platform offers you both entity-level and property-level finance and advisory services.

Learn more

Specialties & Sectors

Affordable, multifamily, industrial, and more…you name it and we have the skills and expertise to handle it.

Learn more