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Non-recourse Fannie Mae DUS and Mezzanine Loan Lenders in Dallas Fort Worth and the rest of DFW in the North Texas Region.

Apartment Loan Amount

$1,000,000 minimum. Senior Mortgage minimum of $10,000,000

Fannie Mae + G.R.E.A. DLA Mezzanine Loans

A DUS Lender Affiliate (“DLA”) Mezzanine Loan is a subordinate loan funded simultaneously with a newly originated G.R.E.A. Fannie Mae DUS loan (“Senior Mortgage”). The loan is secured by a 100% pledge of the equity interests in the Borrower. Non-recourse, subordinate financing of multifamily properties.

Loan Amount
$1,000,000 minimum. Senior Mortgage minimum of $10,000,000.

Up to 10-year terms available. Coterminous with the Senior Mortgage

Combined Loan to Value Maximum
85% of appraised value

Combined Coverage Minimum


Mezzanine Borrower
Newly formed SPE, bankruptcy remote Delaware Single-member LLC, owned and controlled by the Sponsor

Pledge of the equity of the Senior Mortgage borrower, secured by UCC filing. Eagle 9 title policy is required

Interest Rate
11-13% fixed rate coupon varying with LTV, DSCR, market and sponsor. Senior Mortgage must have a fixed interest rate.

Prepayment Terms
Lockout period of 12 months. Can be prepaid before A Note.

Supplemental Financing
Allowed on the Senior Mortgage; proceeds shall be utilized to pay off the Mezzanine Loan.

Additional Terms

Third Party Reports
Mezzanine loan will rely on Senior Mortgage Loan third-party reports. As-Stabilized Appraisal Value required.

Generally limited to reserves stated in the Senior Mortgage Loan Agreement, unless specifically stated otherwise

Application Deposit

Origination Fee

Exit Fee
1%-2%, waived upon G.R.E.A. refinance.


Mezzanine closing simultaneous with Senior Mortgage.

Loan is assumable, subject to lender(s) approval of proposed replacement borrower.

For current Fannie Mae Mezzanine apartment loan mortgage rates, contact our multifamily property lenders in Dallas.

Call For a Quote:

(214) 679-9673

Related Fannie Mae Loan Options

Fannie Mae Small Mortgage Loans

Streamlined fixed rate and variable rate financing for multifamily, manufactured housing and cooperative properties.

Fannie Mae Structured Adjustable-Rate Mortgage Loan

Fannie Mae Multifamily Mortgage Lenders in DFW Dallas Fort Worth for long term financing with convertible low variable interest rate to a fixed rate loans.

Fannie Mae Unfunded Forward Multifamily Affordable Housing Loan

Fannie Mae provides a 24- to 30-month forward commitment with or without rate lock prior to delivery of the permanent loan.