FHA/HUD SECTION 223(F) Loans
Market rate properties of any class, cooperatives, affordable or subsidized housing.
Loan Amounts $100+ Million
We help you qualify
FHA/HUD SECTION 223(F)
Limited to 25% of net rentable area and 20% of effective gross income
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.|
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