Is financing from Fannie Mae available for HUD multi family investment?

I am looking at investing in a very small way, maybe just one of the HUD single family units for rental income. I see that HUD multi family units have some financing assistance available. Is it possible for a very small investor to qualify for competitive funding from Fannie Mae in order to purchase a multi family property such as apartments?

Investing in HUD multi family residences is a different kettle of fish from the single family home investment, in that an investor can subscribe to a HUD electronic listing service and receive invitations to bid via email. HUD requires the sale to be competitive, all cash, no financing.
Both the government sponsored institutions, Fannie Mae and Freddie Mac, offer you financing options for multi family investing, whether you are a commercial investor with a large portfolio, or a minor player. They lend nationally at competitive rates and the funding is non-recourse. Best of all for investors, they will provide subordinate debt, a second and/or a third mortgage after 12 and 24 months, up to 80% of current value of the property.
An opportunity well worth investigating further.

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