HUD Commercial Loans

HUD commercial loan programs offered by a HUD commercial mortgage lender/servicer and Ginnie Mae securities issuer to qualified borrowers for the acquisition, refinance or construction of apartment - multifamily communities, affordable housing, market rate assisted living facilities, memory care, intermediate or skilled nursing homes.

The programs include:

HUD-Insured Loan (Section 223(f) Refinancing / Acquisition)
This HUD-insured loan is available for the acquisition or refinancing of existing apartment communities with at least 3 years of operating history. For "affordable housing” properties the 3-year requirement may be waived.
HUD-Insured Loan (Section 221(d)(4) New Construction / Sub-Rehab)
HUD-insured loan for new construction and substantial rehabilitation of affordable and market rate apartment communities. Qualifications for substantial rehab may vary depending on property geographic location.
HUD-Insured Loan (Section 223(a)(7) Refinancing / Multifamily Accelerated Processing)
This streamline refinance program does not allow equity take-out. Fixed rate permanent refinancing for existing apartment communities with FHA insured loans. Streamline benefits include no appraisal, no environmental, modified mortgage credit analysis, and reduced application fee.
HUD Section 232 (Healthcare New Construction or Substantial Rehabilitation Loan)
This program for Assisted Living, Memory Care, and Intermediate or Skilled Nursing facilities provides non-recourse, assumable construction and permanent financing to build new or substantially rehabilitate projects.
HUD Section 232 Pursuant to 223(F) Healthcare Acquisition or Refinance Loan
This program is for the acquisition or refinance of existing Assisted Living, Memory Care and Intermediate or Skilled Nursing facilities and may allow for a percentage of Independent Living units.
HUD Section 232 Pursuant to 223(a)(7) Refinance of an Existing FHA Insured Healthcare Loan
This streamlined refinance - fixed rate permanent financing program for existing Assisted Living, Memory Care, and Intermediate or Skilled Nursing facilities allow Borrowers that are in existing FHA insured loans to lower their interest rate, extend their term, finance project repairs and evaluate replacement reserves.  The streamlined nature of the program does not require an appraisal, market study or environmental assessment and carries a reduced application fee.

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IMPORTANT: This is not an offer to make a loan, all requests are subject to normal due-diligence and final approval under conditions that are standard for the specific transaction. The above terms and conditions are subject to change without prior notice and other terms and conditions apply.