Property Management

 Guidance

Fannie Mae does not require an independent, professional management company.  However, when analyzing PropertyPropertyMultifamily residential property securing the Mortgage Loan and including the land (or Leasehold interest in land), Improvements, and personal property (as defined in the Uniform Commercial Code). management, you should consider whether the management team:

• has adequate experience to ensure effective administration, leasing, marketing, and maintenance of the PropertyPropertyMultifamily residential property securing the Mortgage Loan and including the land (or Leasehold interest in land), Improvements, and personal property (as defined in the Uniform Commercial Code). ; and
• is staffed appropriately for the type and size of the PropertyPropertyMultifamily residential property securing the Mortgage Loan and including the land (or Leasehold interest in land), Improvements, and personal property (as defined in the Uniform Commercial Code). and the services provided.