FHA Commercial Loans
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Acquisition and Refinancing of Multifamily Properties
FHA/HUD Section 223(f)
Eligible Properties
Market rate properties of any class,
cooperatives, affordable or subsidized housing. Construction or any
substantial rehabilitation must have been completed at least three
years before application to HUD. Student housing is allowable, but
cash flows cannot assume multiple rents from one unit and rents must
be in line with market rate multifamily comparables.
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Refinancing of Properties with Existing HUD Insured Debt
FHA/HUD Section 223(a)(7)
ELIGIBLE PROPERTIES
Multifamily and healthcare properties that currently have FHA insured loans
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Interest Rate Reduction FHA/HUD
Refinancing of properties with existing
HUD-insured debt
Eligible Properties: Multifamily and
healthcare properties that currently have FHA-insured loans with the
lender listed as the Mortgagee
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Construction or Substantial Rehabilitation of Multifamily Properties
FHA/HUD SECTION 221(D)(4)
Eligible Properties: Market rate,
low-to-moderate income and subsidized multifamily properties.
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Acquisition and Refinancing of Healthcare Properties
FHA/HUD SECTION 232/223(F)
ELIGIBLE PROPERTIES
Licensed Nursing Homes, Assisted Living,
Intermediate Care, and Board and Care.
Must provide continuous protective
oversight;
Must offer three meals per day;
Facility must be licensed by state;
Non-resident day care not to exceed 20% of
gross area and 20% of gross income;
May include up to 25% non-licensed
independent living units; and
Three years must have passed since last
certificate of occupancy was issued
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Construction or Substantial Rehabilitation of Healthcare Properties
FHA/HUD Section 232
ELIGIBLE PROPERTIES
Market rate, low-to-moderate income and
subsidized multifamily properties
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.