--- title: Commercial Loans and Fun Blog | multifamily loans description: multifamily loans | George Blackburne, owner, offers insight into the commercial loans and mortgage industry in this Commercial Real Estate Loan Tips blog. --- [![c-loans-logo-2025](https://info.c-loans.com/hs-fs/hubfs/images/c-loans-logo-2025.png?width=183&height=86&name=c-loans-logo-2025.png)](https://c-loans.com) [Terms of Use](https://www.c-loans.com/terms-of-use) | [Disclaimer](https://www.c-loans.com/disclaimer) | [Blog](https://info.c-loans.com/) # Commercial Loans and Fun Blog ## [Multifamily Loans and Tuck Under Parking](https://info.c-loans.com/bid/48115/multifamily-loans-and-tuck-under-parking) Posted by [George Blackburne](https://info.c-loans.com/author/george-blackburne) on Mon, Jul 17, 2017 - [Tweet](https://twitter.com/share) *Fannie Mae and Freddie Mac Will Not Lend on Apartments with Tuck-Under Parking* The conduits are making are making CMBS loans again, and the most preferred product is multifamily loans.  The problem is that the agencies - Fannie Mae and Freddie Mac - have better rates and terms for apartment loans than the conduits.  The agencies will also go higher in terms of loan-to-value. The conduits are therefore looking for scratch and dent apartment loans that don't quite qualify for the agencies.  One reason an apartment building might not qualify is that it cannot satisfy the 90/90 Rule.  Fannie and Freddie will not finance an apartment building that has not been at least 90% occupied for ninety days. Another fatal flaw for Fannie and Freddie is tuck-under parking.  Tuck-under parking is basically carports underneath the building.  The concern is that the building could collapse in an earthquake.  | ![Tuck Under Parking](https://info.c-loans.com/hs-fs/file-13894366-jpg/images/tuck-under_parking.jpg) | | --- | | *Image of tuck-under parking* | Although the agencies won't finance properties with tuck-under parking, CMBS lenders will gladly make these loans.  If your apartment building is also struggling to maintain 90% occupancy, you should consider a conduit loan. Do you need a conduit loan right now?  You can apply to several dozen conduit lenders in just four minutes using [C-Loans.com](http://blog.c-loans.com/public/click/%7EMultifamily%2520Loans%2520and%2520Tuck%2520Und.../www.c-loans.com/).  And C-Loans is free!   [![Free List of 3,159 Commercial Lenders Sort By Your Own Criteria](https://no-cache.hubspot.com/cta/default/37671/edc33fe8-9d87-477b-bf2f-07a33d3d2d24.png)](https://cta-redirect.hubspot.com/cta/redirect/37671/edc33fe8-9d87-477b-bf2f-07a33d3d2d24) You can also write to me, George Blackburne, at [george@blackburne.com](mailto:george@blackburne.com).  Simply insert the words, Conduit Apartment Loan Request, in the subject line of your email. 1 Comment [Click here to read/write comments](https://info.c-loans.com/bid/48115/multifamily-loans-and-tuck-under-parking#comments-listing) Topics: [apartment loans](https://info.c-loans.com/topic/apartment-loans), [multifamily loans](https://info.c-loans.com/topic/multifamily-loans) ## [Multifamily Loans and Tuck Under Parking](https://info.c-loans.com/bid/53727/Multifamily-Loans-and-Tuck-Under-Parking) Posted by [George Blackburne](https://info.c-loans.com/author/george-blackburne) on Fri, Dec 3, 2010 - [Tweet](https://twitter.com/share) *Fannie Mae and Freddie Mac Will Not Lend on Apartments with Tuck-Under Parking* The conduits are making are making CMBS loans again, and the most preferred product is multifamily loans. The problem is that the agencies - Fannie Mae and Freddie Mac - have better rates and terms for apartment loans than the conduits. The agencies will also go higher in terms of loan-to-value. The conduits are therefore looking for scratch and dent apartment loans that don't quite qualify for the agencies. One reason an apartment building might not qualify is that it cannot satisfy the ***90/90 Rule***. Fannie and Freddie will not finance an apartment building that has not been at least 90% occupied for ninety days. Another fatal flaw for Fannie and Freddie is tuck-under parking. Tuck-under parking is basically carports underneath the building. The concern is that the building could collapse in an earthquake. Below is a picture of tuck-under parking. ![Tuck Under Parking](https://info.c-loans.com/hs-fs/file-13894366-jpg/images/tuck-under_parking.jpg) Although the agencies won't finance properties with tuck-under parking, CMBS lenders will gladly make these loans. If your apartment building is also struggling to maintain 90% occupancy, you should consider a conduit loan. Do you need a conduit loan right now? You can apply to several dozen conduit lenders in just four minutes using [**C-Loans.com**](http://www.c-loans.com/). And C-Loans is *free!* You can also write to me, George Blackburne, at [george@blackburne.com](mailto:george@blackburne.com). Simply insert the words, Conduit Apartment Loan Request, in the subject line of your email. 0 Comments [Click here to read/write comments](https://info.c-loans.com/bid/53727/Multifamily-Loans-and-Tuck-Under-Parking#comments-listing) Topics: [multifamily loans](https://info.c-loans.com/topic/multifamily-loans), [tuck under parking](https://info.c-loans.com/topic/tuck-under-parking) [All posts](https://info.c-loans.com/all) ### George Blackburne III Owner of C-Loans, Inc. ![George Blackburne III C-Loans Owner](https://info.c-loans.com/hs-fs/hubfs/George%20Head%20Shot%20Small%205%20by%207%20copy.jpg?width=158&name=George%20Head%20Shot%20Small%205%20by%207%20copy.jpg) ### Subscribe via E-mail ### Connect with C-Loans ## [![Get the Latest Scoop on C-Loans Inc.](https://no-cache.hubspot.com/cta/default/37671/bacfb58b-143e-40d7-b126-33c182b5b90b.png)](https://cta-redirect.hubspot.com/cta/redirect/37671/bacfb58b-143e-40d7-b126-33c182b5b90b) C-Loans.com® is sponsored by  C-Loans, Inc. — For more information, contact Tom Blackburne 555 University Ave., Suite 150, Sacramento, CA 95825 Telephone: (916) 338-3232 x 317 * Tom Blackburne in Indiana: (574) 210-6686 * Fax: (916) 338-2328 Real Estate Broker -- California Department of Real Estate -- License Number 01330173 Arizona Dept. of Financial Institutions – License Number 0909472 The Florida Mortgage Brokers License Number: 0708758 [Read our many client Success Stories](https://c-loans.com/mortgage-brokers-overview/success-stories/) » © 2025 C-Loans, Inc. 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