Our mission is to demystify and streamline the HUD loan process for owners/operators and developers alike.
It seems like common industry knowledge that HUD is the source of the apartment industry's most affordable, longest term, best leverage, fully amortizing, non-recourse, assumable financing. Unfortunately, the notion that supersedes this is that the process is difficult, even disastrous; that the red tape is unsurmountable and that loans can take forever to close. As such, many multifamily investors never consider their best source of financing, because, they've heard from someone that's heard from someone that HUD loans are the worst. Well that's just not the case. The reality is that HUD insured loans, besides being grossly misunderstood are one of the greatest and most underused tools in the industry. We exist solely to serve our industry leaders looking for HUD financing. With clear and realistic expectations, and a well communicated timeline, requirements and expectations, we are successfully working with multifamily investors that never considered a HUD loan... as well as those who have and had an unpleasant experience due to working with a less-than-fit financial intermediary.
We work with industry leaders and investors that fund billions of dollars in loan volume per year. We know the strengths and weaknesses, the niches, and the ability of each team to execute. Our underwriting is thorough and hiccups are thoroughly avoided through clear communication and rigorous work on our end. We provide certainty of execution. We are experts that specialize in arranging FHA insured loans.
Speak With A HUD/FHA Insured Multifamily & Healthcare Finance Specialist.
Call (877) 585-8645
The HUD 223(f) is is for the purchase or refinance of market rate property of any class, cooperatives, affordable housing or subsidized multifamily properties. 223(f) loans are fixed and fully amortizing for up to 35 years (both the term and the amortization are 35 years) with leverage available of 83.3% LTV (and up to 87% on subsidized properties).
The HUD 221(d)(4) is probably the best known HUD product and exists for ground up construction and substantial rehabilitation. 221(d)(4) loans offer leverage up to 87% of cost (and 90% on projects with 90% or greater rental assistance) and are fixed and fully amortizing for 40 years, after up to 3 years of construction at a fixed rate as well.