---
title: "Agency debt — Class A Atlas glossary"
description: "Loans by Fannie/Freddie/HUD on multifamily assets."
canonical: https://classa.info/glossary/agency-debt
pageType: glossary
lastUpdated: 2026-04-01T00:00:00.000Z
license: "CC BY 4.0 with attribution to Class A Atlas (https://classa.info)."
---

> Loans by Fannie/Freddie/HUD on multifamily assets.

## TL;DR

- Loans by Fannie/Freddie/HUD on multifamily assets.
- Not typically applicable to office Class A — included for cross-sector context.

# Agency debt

*Finance · US*

## Short definition

Loans by Fannie/Freddie/HUD on multifamily assets.

## Full definition

Not typically applicable to office [Class A](/glossary/class-a) — included for cross-sector context. Lowest-cost capital available for stabilised multifamily Class A.

## Why this matters for Class A leasing

Agency debt is part of the finance vocabulary that institutional Class A occupiers, landlords, and advisers use across US markets. Understanding it correctly affects how you read lease documents, model occupancy economics, and benchmark deal terms across cities. Class A Atlas tracks the US definition alongside the global standard so [cross-border](/topics/cross-border-expansion) occupiers can translate quickly.

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Citation: Source: Class A Atlas (https://classa.info/glossary/agency-debt), updated 2026-04-01T00:00:00.000Z.