Loan Programs
Finance Solutions
One relationship for the full multifamily capital stack — from ground-up construction to acquisition, refinance, and bridge.
HUD programs
The HUD programs we underwrite
221(d)(4) — New Construction
Combined construction and permanent financing in a single non-recourse loan, 40-year fully amortizing term after construction. 178 closed to date.
221(d)(4) — Substantial Rehabilitation
The same structure for repositioning existing communities, including 4% and 9% LIHTC and historic tax credit transactions.
223(f) — Acquisition & Refinance
Long-term fixed-rate financing for stabilized market rate and affordable properties. 61 closed to date.
223(a)(7) — Streamline Refinance
Rate and term refinance of an existing FHA-insured loan with no new appraisal or market study. 34 closed to date.
241(a) & Interest Rate Reductions (IRR)
Supplemental loans for improvements to insured properties, and IRR modifications that lower the rate on an existing loan.
232 LEAN — Assisted Living & Skilled Nursing
New construction, rehabilitation and refinance of skilled nursing and assisted living facilities.
Why FHA
Why borrowers choose FHA
- Non-recourse, construction and permanent
- Up to 90% LTC or LTV
- Fully amortizing terms up to 40 years
- One closing for construction and perm
- Fixed rate and fixed prepayment structure
- Fully assumable financing