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Purchase Refinance
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HUD FHA Insured
Mortgages |
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FHA
221(d)(4) - Multifamily New Construction or
Substantial Rehabilitation |
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FHA
223(f) - Multifamily Purchase or Refinance |
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FHA
223(a)(7) - Refinancing of an Existing FHA
Multifamily or Healthcare Loan |
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FHA 232
- Healthcare New Construction and
Substantial Rehabilitation |
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FHA 232
Healthcare Acquisition and Refinance |
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FHA
241(a) - Supplemental Financing |
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FHA 242
- Hospital Financing |
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HUD FHA
207 - Manufactured Housing |
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FHA
Insured Multifamily Accelerated Processing -
MAP Lender Overview |
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Information needed for HUD FHA Preliminary
Loan Analysis |
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HUD FHA
LEAN Processing for Healthcare Properties -
Section 232 |
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HUD FHA
223(f) Apartment
Loans - Refinance or
Purchase
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CommercialBanc
provides HUD FHA
insured apartment mortgages
under FHA Section
223(f) for the
acquisition or
refinancing of
apartment and
multifamily housing
properties. |
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HUD FHA apartment
loans are a great
financing option for
borrowers looking
for maximum leverage
and longer fixed
rates and terms. FHA
insured mortgages
are non-recourse
with no market -
economic or
population -
restrictions. |
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The
HUD FHA 223(f) is a
market rate
apartment program.
There are no tenant
income restrictions
or requirements,
unless otherwise
required by a
project based HAP
contract or
individual tenant
based voucher
program. |
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CommercialBanc is a
correspondent of the
Multifamily
Accelerated
Processing (MAP)
program. MAP
Lenders are able to
expedite the
underwriting,
processing and
closing of your HUD
FHA insured
apartment loan. |
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Why Choose a
223(f) Apartment
Loan - Advantages |
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80% LTV for
refinances
83% LTV for
purchases
83% LTC for
purchases
35 year amortization
35 year fixed rates
Minimum DSCR of 1.20
Up to 7.5% seller
seconds
Secondary financing
permitted
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Non-recourse
FHA apartment
mortgages are
assumable
No minimum
population
requirements
No minimum net worth
requirements
No yield maint. or
defeasance prepay
Funds for repairs
and improvements
Supplemental
financing available
Eliminate interest
rate risk
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Disadvantages of the
223(f) Program |
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