The minimum occupancy requirements for Freddie Mac multifamily loans vary by loan type but are typically 90% occupancy for 90 days before loan closing.
Small Apartment Loans for Investors: The Ultimate Guide
The definition of a small balance apartment loan varies from market to market and lender to lender but is typically defined as a loan between $750,000- $1 million to $5-7 million. While these loans may seem large to the smaller investor, many multifamily lenders are institutional in nature and rarely provide loans under $10 million.