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February 28, 2018

Fannie Mae and Freddie Mac Green Financing Loan Changes for 2018

By Summer Gell

THE FHFA REDUCED MULTIFAMILY LENDING CAPS BY OVER FOUR PERCENT IN 2018 VERSUS 2017

The Federal Housing Finance Agency (FHFA) reduced multifamily lending caps by over four percent in 2018 versus 2017. While this isn’t optimal news, agency lenders and borrowers who take advantage of excluded categories will find no shortage of opportunities. Green Finance programs are one of the excluded categories—the cap does not apply to them. There are many established benefits to green financing, including preferred pricing, higher underwritten net operating income (NOI) and value (such as tenant and owner paid utility bill savings), additional loan proceeds, and energy study cost reimbursement (up to $3,500 for Freddie Mac and Cost of High Performance Building Module for Fannie Mae).

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Summer Gell

About the Authors

Summer Gell

Managing Principal

Summer Gell is a principal at Partner Engineering and Science, Inc. who leverages her almost 30 years of experience and background as an environmental scientist to provide valuable solutions to her clients’ environmental and engineering due diligence needs. Summer is an expert on all things Freddie and Fannie, having worked on hundreds of agency and multifamily deals in recent years. She also serves as the national account manager for several CMBS lenders and life companies. Summer writes and speaks about issues that affect the CRE industry from her boots-on-the-ground perspective.

Get in Touch

Summer Gell
(214) 666-6800
[email protected]

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