FHA Mortgage
Refinance
& Acquisition Financing
Apartment Loan
_______________________________________
|
|
FHA
Mortgage Property Types: |
Multi-Family Loan, Apartment Loan, Senior Apartment Loan,
and Assisted Living Loan |
|
Geographic Preference: |
United States, Puerto Rico,
and the Virgin Islands |
| Loan Amount: |
$5 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 |