Arizona Fannie Mae financing is multifamily permanent debt: acquisition, refinance, or takeout of cash-flowing apartments. Capital Market Funds packages the file and places it with the lender that executes the program. The GSE is the capital. We are the originator. We are not Fannie Mae, and we are not a Fannie Mae DUS lender.
Freddie Mac Optigo is the comparison on the same asset, especially for targeted or value-add multifamily that still belongs in a GSE box. HUD 223(f) is the comparison when term and leverage matter more than speed. Life company is the comparison when the sponsor wants an insurance-company hold instead of a GSE. We run that comparison in real time rather than defending a single outlet.
No Fannie Mae tombstone is published. The Arizona multifamily amounts we do publish — Harvard Court in Phoenix and a Tucson value-add life-company closing — are not Fannie Mae production, and this page does not call them that.
What we compare against Fannie Mae
- Freddie Mac
Optigo conventional, targeted, and value-add. We are not the seller/servicer.
- HUD / FHA
223(f), 221(d)(4), and 232 with a HUD-approved lender. Not MAP or LEAN approval.
- Life company
Permanent debt for core cash flow. Rate lock is typically at application.
- Bridge and private
Transitional capital sourced from private investors, with a takeout in mind.