Interest Rates Starting at 7.99%
FHA/HUD SECTION 223(F) Loans
Market rate properties of any class, cooperatives, affordable or subsidized housing.
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FHA/HUD SECTION 223(F) Loans
| 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 |
About the services we provide
Short-term loan used until a person or company secures permanent financing or removes an existing obligation. It allows the user to meet current obligations by providing immediate cash flow.
A “Ground Up Construction” loan program is designed to provide a streamlined financing solution to build single family, multi-family, and mixed use projects which are entitled or shovel ready.
Commercial mortgage-backed securities (CMBS) are fixed-income investment products that are backed by mortgages on commercial properties rather than residential real estate.
Market rate properties of any class, cooperatives, affordable or subsidized housing.
Higher balance commercial loans can have rigorous underwriting requirements, while small-balance commercial mortgages are relatively easy to get closed due to a streamlined underwriting process.
Higher balance commercial loans can have rigorous underwriting requirements, while small-balance commercial mortgages are relatively easy to get closed due to a streamlined underwriting process.