Lender-required swaps
Negotiate the credit charge, verify the mid.
Commercial real estate & multifamily
Evercrest is the independent advisor for CRE and multifamily borrowers on lender-required swaps and rate caps, including Fannie Mae and Freddie Mac agency executions. We get you the best pricing and documentation that fully meets the lender's requirements.
Overview
When a floating-rate loan requires a swap or a rate cap, the bank offering the loan is usually the same counterparty pricing the hedge. That overlap quietly costs borrowers basis points and leaves terms unnegotiated. Evercrest sits only on your side. On swaps, we benchmark the bank's pricing against an independent mid, negotiate the credit charge, and confirm at closing that the executed rate matches what was agreed. On caps, we put the trade out to competitive auction instead of letting you take the first quote.
Agency caps deserve special attention. Fannie Mae and Freddie Mac floating-rate multifamily loans carry prescriptive cap requirements: eligible counterparties, required conventions, replacement reserve funding, and documentation that must conform to agency standards. We have deep experience with these executions and manage the process from structuring and pricing through closing, so the cap clears agency review without surprises.
What we do
Negotiate the credit charge, verify the mid.
Fannie Mae and Freddie Mac executions, done right.
Competitive auctions, not first quotes.
Level the documentation in your favor.
Plan and price the next cap early.
Exit or modify existing hedges at fair value.
Common questions
Get competitive pricing first.