HUD Multifamily Loans

  • 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.

  • 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

  • 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 

  • 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. 

  • 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 

  • 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.