We have HUD AND FANNIE MAE APARTMENT BUILDING FINANCING FOR REFINANCING OR PURCHASE THROUGH HUD 223F, The Department of Housing and Urban Development.
The FHA / HUD 223(f) loan program provides attractive, federally insured financing for the acquisition, refinance, and moderate rehabilitation of existing multifamily apartment rental projects. The credit enhancement afforded by the FHA / HUD loan insurance program provides for one of the most attractive permanent financing solutions available in the market. Key characteristics of this 223(f) loan program include:
• Fully amortizing
• Longer term/amortization (35 years)
• Low interest rate, fixed for the term of the loan
• Higher leverage, with no discrimination between markets and asset class (up to 80%-90% of value)
• Non-recourse.
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