FHA/HUD Commercial Mortgage Refinance & Acquisition FinancingApartment Loan & Healthcare Loan_______________________________________ |
| Geographic Preference: | United States, Puerto Rico, and the Virgin Islands |
| Property Types: | Multi-Family Loan, Apartment Loan, Senior Apartment Loan, and Assisted Living Loan |
| Loan Amount: | $3 million minimum - $100 million maximum |
| Loan Term: | 35 years fully amortized |
| Loan to Cost: | Up to 85% of Loan To Value |
| Interest Rates: | Fixed for the full term - currently in 6.5% range Mortgage insurance - 0.5% |
| Features: | Assumption with approval
Non-recourse
No rent restrictions
No limitation on owner's return |
| Requirements: | Appraisal to support the project occupancy and rents; Tax, Insurance, and Replacement Reserve Escrows |
| Loan Fees: | Borrower pays all application, inspection, underwriting, and third party costs |
