$176 Billion in Commercial Loans — What Fannie and Freddie's 2026 Caps Mean for Business Owners

The FHFA set 2026 multifamily loan purchase caps at $88 billion each for Fannie Mae and Freddie Mac — $176 billion combined, a 20.5% increase from 2025.

Close to $90 billion in maturing multifamily debt hits in 2026, making Fannie and Freddie the strongest refinancing option in the market. The total multifamily market is projected to grow 20% to $400 billion in 2026.

For business owners, this means more capital is moving, more deals are getting done, and the operators who show up looking credible and ready to close are the ones who win.