FHA/HUD SECTION 223(F) Loans

Market rate properties of any class, cooperatives, affordable or subsidized housing.


Commercial Space	Limited to 25% of net rentable area and 20% of effective gross income
Borrower	Single asset, special purpose entity, either for profit or non-profit
Interest Rate	Fixed for term of loan, determined by market conditions at time of rate lock. Rate lock deposit is 0.5% and refunded at closing.
Loan Parameters	For loan amounts up to $100+ Million
Term and Amortization	A maximum term of 35 years, fully amortized
Third Party Reports	Appraisal, Environmental and Capital Needs Assessment
Timing	Typical application is submitted within 45-60 days of engagement, followed by 60-90 days to issuance of HUD’s commitment and 30-45 days to closing.
Geographical Focus	Nationwide