Understand how Freddie Mac Small Balance Loans are structured

Learn how these loans are underwritten, including key requirements, loan sizing, and what lenders look for in multifamily deals.

Evaluate multifamily deals with confidence

Work through DSCR, LTV, and property cash flow so you can quickly determine whether a transaction fits Freddie Mac SBL parameters.

Follow the process from deal sourcing to closing

See how a Freddie Mac Small Balance transaction moves from initial review through underwriting and closing, so you can approach opportunities with clarity.

Freddie Mac Small Balance Loans

This course provides a practical introduction to Freddie Mac Small Balance Loans, with a focus on how multifamily deals are evaluated, structured, and executed in the real world. It is designed for mortgage professionals who understand residential lending and are looking to expand into small balance commercial and agency lending. You will learn how Freddie Mac SBL loans work, including key underwriting concepts such as cash flow, DSCR, and LTV, as well as how loan proceeds are determined. The course also walks through the life cycle of a transaction, from initial deal review through underwriting and closing, so you can understand not just the terms, but how deals actually move. The objective is to give you a working foundation you can apply immediately, so you can evaluate opportunities, speak confidently with borrowers and lenders, and begin positioning yourself in the small balance multifamily space.

Academy For Commercial Lending

I’m Michael Boggiano, and I’ve spent more than 25 years originating and structuring commercial real estate loans, with a focus on small balance and multifamily lending. I learned this business by working through real transactions, asking questions, and understanding how lenders actually make decisions. That experience led me to build the Academy for Commercial Lending, where the focus is on practical, real-world education. The goal is to help you build confidence, understand how deals work in practice, and start approaching commercial lending with clarity

Curriculum

9 Chapters · 20 Lessons

  1. 1

    Freddie Mac Small Balance Loans

    1. (Included in full purchase)

      Chapter 1: Introduction

    2. (Included in full purchase)

      Chapter 1 - Quiz

  2. 2

    Chapter 2: Market Tier Classifications in Freddie Mac SBL

    1. (Included in full purchase)

      Lesson 1: Understanding Market Tiers

    2. (Included in full purchase)

      Chapter 2 - Quiz

  3. 3

    Chapter 3: Freddie Mac Small Balance Loan Structures and Terms

    1. (Included in full purchase)

      Lesson 1: How Freddie Mac SBL Loans Are Structured in Practice

    2. (Included in full purchase)

      Chapter 3- Quiz

  4. 4

    Chapter 4: Freddie Mac SBL Underwriting and Deal Evaluation

    1. (Included in full purchase)

      Lesson 1: How Freddie Mac Evaluates Multifamily Deals

    2. (Included in full purchase)

      Chapter 4 - Quiz

  5. 5

    Chapter 5: Borrower Requirements and Entity Structure in Freddie Mac SBL

    1. (Included in full purchase)

      Lesson 1: Understanding Borrower Strength and Structure

    2. (Included in full purchase)

      Chapter 5 - Quiz

  6. 6

    Chapter 6: Optigo Lenders and Deal Execution

    1. (Included in full purchase)

      Lesson 1: How Freddie Mac SBL Deals Are Executed in Practice

    2. (Included in full purchase)

      Chapter 6 - Quiz

  7. 7

    Chapter 7: Special Situations and Deal Execution Risks

    1. (Included in full purchase)

      Lesson 1: Avoiding Common Deal Pitfalls in Freddie Mac SBL

    2. (Included in full purchase)

      Chapter 7 - Quiz

  8. 8

    Final Exam

    1. (Included in full purchase)

      Freddie Mac Small Balance Loans - Final Exam

  9. 9

    Hand Outs

    1. (Included in full purchase)

      Amortization Vs Interest Only Examples

    2. (Included in full purchase)

      Market Tiers Adjustments Example

    3. (Included in full purchase)

      Fannie SBL vs Freddie SBL Comparison

    4. (Included in full purchase)

      Prepayment Penalties Options

    5. (Included in full purchase)

      Freddie Mac Optigo Lenders Contacts

What Mortgage Professionals Are Saying

Practical feedback from brokers building confidence in Freddie Mac Small Balance lending

”
This course breaks down Freddie Mac Small Balance lending in a way that actually makes sense. It helped me connect what I already knew from residential to how multifamily deals are really evaluated
Miriam

Real Estate Professional - Miami, FL

”
Very practical and straightforward. It gives you a clear understanding of how these deals are structured and what lenders are actually looking for. I walked away with a lot more confidence.
Edward

Loan Officer  - Houston, TX

”
One of the most useful introductions to commercial lending I’ve seen. It focuses on real-world execution, not theory, and gives you a clear path to getting started in small balance multifamily
Dan

Mortgage Broker - Spokane, WA

Start Evaluating Deals with Confidence

This course gives you a clear, practical introduction to how Freddie Mac Small Balance deals are evaluated and structured. It’s designed to help you apply what you learn immediately and start approaching opportunities with confidence.

Enroll for free