Freddie Mac Optigo is a multifamily lending program offered by Freddie Mac, a government-sponsored enterprise that provides financial services in the United States. The program aims to provide affordable and flexible financing options for stabilized multifamily properties.

It caters to various types of multifamily properties such as apartments, senior living facilities, and mobile home parks (also known as Manufactured Homes). Borrowers can choose from a variety of loan terms and structures, with loan amounts ranging from $1 Million (within Optigo’s Small Balance program) up to hundreds of millions of dollars for large multifamily portfolios.

Freddie Mac Optigo offers competitive pricing but fairly strict underwriting criteria, requiring assets to have high occupancy and experienced operators. Loan guarantors are typically required to have a Net Worth greater than the total loan amount, and enough liquidity for 9 months of loan payments post-close. Properties with a certain percentage of units deemed Affordable according to local cost of living, as well as properties meeting “green” criteria for sustainability and energy efficiency will be given preferential treatment and lower pricing as part of the agency’s underwriting model.

Freddie Mac does not lend directly, instead guaranteeing pools of loans originated through its network of approved Optigo lenders that also act as the primary servicer on their originated loans. The agency’s proper name is the Federal Home Loan Mortgage Corporation (FHLMC), but is commonly referred to as Freddie Mac.