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); and
• Non-recourse.

Additional details are available here: 223(f) Loan Program. 

Submit the information below to see how a 223(f) loan can benefit your project.