FHA

With higher loan-to-values, longer terms and aggressive rates, FHA loans offer some of the most generous terms to those building, purchasing or renovating qualified multi-family properties.

Depending on the program, leverage can go to 90% and amortizations can reach 40 years with loan amounts starting at $1,000,000 with no upper limits.

FHA 221(d)(4)

• New construction and substantial rehab
• Amortization up to 40 years
• 3 year IO on construction
• Max LTV 90%
• Loan size: $4 million +
• Non-Recourse

FHA 223(f)

• As-is acquisition or refi of properties 3+ yrs old
• Amortization up to 35 years
• Max LTV 87%
• Loan size: $1 million +

FHA 223(a)(7)

• HUD financed multi-family refinance
• Term = remaining term + up to 12 years, not to exceed original term
• Amortization: self-amortizing