Loan Program
FHA Market Rate
HUD-insured financing for market-rate multifamily and senior housing — new construction, substantial rehabilitation, acquisition, and refinance.
Our flagship program. Using HUD's 221(d)(4) and 223(f) programs, we deliver non-recourse, fixed-rate, fully amortizing loans with industry-leading leverage and the longest terms available in multifamily finance.
We have closed over $2.2 billion in new-construction loans under 221(d)(4) in the last five years, making us one of the most active market-rate FHA lenders in the country.
Program highlights
- 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