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
Interior of a financed multifamily community
ConstructionSubstantial RehabilitationAcquisitionRefinanceBridge