Freddie Mac introduces acquisition/rehabilitation loansMortgagePress.comProperty rehabilitation mortgage loans
Freddie Mac has launched two first-lien products for borrowers
seeking to finance both the acquisition and upgrade or
rehabilitation of existing multifamily properties.
The Freddie Mac Acquisition Upgrade Mortgage provides financing
for cosmetic improvements, while the Freddie Mac Acquisition
Rehabilitation Mortgage is available for more substantial
improvements that allow borrowers to reposition properties in their
Based in McLean, Va., Freddie Mac is a government-sponsored
enterprise that purchases mortgages and related securities and then
issues securities and bonds against them. For more information,
call (703) 903-2000 or visit www.freddiemac.com.