SBL 10-Year Anniversary

SBL Impact by the Numbers

$44B

in total volume

16K

total loans financed

600K

total units financed

$2.7M

average UPB per loan

80%

of our total annual Low-Income 5-50 units come from SBL loans, helping us achieve our affordable housing goals

63%

of properties for SBL loans are in minority tracts with 61.6% of units located in minority tracts

states and D.C. all reached by SBL funded loans

95%

of SBL business has been affordable to households at or below 100% AMI with actual mission volume at 78%

115

total SB-Deals®

State Privacy Notices

Thank You to Our SBL Lenders

The Freddie Mac Multifamily Small Balance Loan (SBL) program was created out of the opportunity to bring liquidity and standardization to a highly fragmented and underserved segment of the multifamily market. Our impact was immediate and widespread. Lenders, sponsors, appraisers and engineers could all implement business plans around the certainty we brought to the market. The numbers we've put up together over these last 10 years is extraordinary. Read more about the program's success over the last decade in this article featuring Steve Johnson and Steve Malloy.

As we reflect on what the past 10 years have meant to all of us, one word continues to stand out: Opportunity.

Billy PoseyFinancial Advisor, Pinnacle Financial Partners

“In the early days of the SBL program, it seemed as though there was a new challenge to overcome every day. It was a bit like we were in a lab, and it was okay to both question and break down the old ways of doing things. Collaborating with Steve, Dave and David was an absolute blast!”

Mike PattersonManaging Director, Greystone

“I was honored to be selected to help develop, create, open and co-lead the SBL program during my time at Freddie Mac. I knew if we were to successfully enter the market, we would change that world of SBL mortgage lending. SBL was always the program that the Multifamily division could experiment with new ways of completing parts or steps in mortgage lending, and we couldn’t have done it without the support of the many incredible teams at Freddie Mac.”

Pat JacksonPresident & CEO, Sabal

“Since the inception of the SBL program in 2014, we have proudly engaged with Freddie Mac as both a seller/servicer and an investor of the SB-Deals. With our aligned views in addressing the critical need for workforce housing, we’ve worked closely with Freddie Mac leadership to thread the needle for providing important liquidity to the small balance sector while balancing credit requirements to meet investor needs.”

Dan WinzelerSenior Managing Director, CBRE

“Over the years, the success of the Freddie Mac SBL program has exceeded all our expectations. Working with all the great people at Freddie Mac, CBRE has closed 3,300+ SBL transactions across the country, providing needed liquidity and affordable housing to tenants and establishing lifelong relationships. It’s been an absolute pleasure to accomplish so much great work through this partnership.”

Rick WolfExecutive Vice President, Greystone

“Greystone has worked with Freddie Mac since the very beginning of the SBL program, and we have seen it grow into one of the most stable and competitive small loan products in the market. We greatly appreciate Freddie Mac’s partnership, creativity and commitment to the SBL product. Freddie Mac has been a leader in providing liquidity and stability to the small loan market, and we look forward to working together to continue to grow and evolve the SBL program in the many years to come.”

Peter ReisertManaging Director, Arbor

“On behalf of Arbor Realty Trust, I’d like to congratulate Freddie Mac on their 10th anniversary of launching their SBL program. As a perennial top lender for SBL, we are fortunate to have worked with Freddie Mac to develop this program that preserves renter affordability. We look forward to many more decades of consistent collaboration with Freddie Mac to help make home possible for renters nationwide.”

Together, through the Years

Thank You to Our SBL Lenders