FHA Multifamily Loans2018-07-21T12:58:23+00:00

FHA Multifamily Loans

Have some real estate investment or development experience?

New to HUD’s multifamily loan programs?

Let us help!

Hurst Lending offers FHA multifamily loans for investors in Multifamily and Senior Living facilities (including skilled nursing and assisted living facility financing) in all parts of the US.  We specialize in working with real estate investors and developers who have some amount of real estate investing and/or development experience but who are new to HUD’s multifamily lending programs.

Before you spend hours reading and researching, give us a call.  With just a short conversation, we can:

  • Walk you thru the process
  • Quickly determine if your project will meet HUD’s requirements

If it’s a fit, we have the expertise to save you time and minimize headaches as you work thru the process to secure HUD financing for your new construction multifamily development or purchase an existing multifamily or senior facility.

Our FHA insured multifamily loans are non-recourse with low fixed rates and a term of up to 40 years.  Our multifamily loans are some of the most competitive financing packages available for investors in multifamily, skilled nursing, assisted living, and elderly housing. Some highlights of these financing options are listed below.

<strong>FHA Multifamily Loans (New Construction – FHA Section 221(d)4/221(d)3))</strong>
FHA Multifamily Loans (New Construction – FHA Section 221(d)4/221(d)3))
  • Non-recourse loan
  • 83.3% Loan-to-Cost
  • 40 Year Term/Amortization
  • Low, fixed interest rate (based on market spreads over 10-Year Treasury Yield
  • Debt Service Coverage (1.20 Minimum)
  • Assumable loan
  • Third-party expenses and loan costs may be financed
<strong>FHA Multifamily Loans (Acquisition/Refinance - FHA Section 223(f))</strong>
<strong>FHA Multifamily Loans (Acquisition/Refinance - FHA Section 223(f))</strong>
  • Non-recourse loan
  • Up to 83.3% Loan-to-Cost
  • Up to 35 Year Term/Amortization
  • Low, fixed interest rate (based on market spreads over 10-Year Treasury Yield
  • Debt Service Coverage (1.20 Minimum)
  • Assumable loan
  • Third-party expenses and loan costs may be financed
<strong>Skilled Nursing/Assisted Living Loans (New Construction – FHA Section 232)</strong>
Skilled Nursing/Assisted Living Loans (New Construction – FHA Section 232)
  • Non-recourse loan
  • 90% Loan-to-Cost (95% for Non-Profit Sponsor)
  • Up to 40 Year Term/Amortization
  • Interest-only construction loan that automatically converts to 40-year permanent financing
  • Low, fixed interest rate (based on market spreads over 10-Year Treasury Yield
  • Debt Service Coverage (1.05 Minimum Debt Service Coverage for Non-Profit Sponsor)
  • Assumable loan
  • Third-party expenses and loan costs may be financed
<strong>Skilled Nursing/Assisted Living Loans (Acquisition/Refinance – FHA Section 232/223(f))</strong>
Skilled Nursing/Assisted Living Loans (Acquisition/Refinance – FHA Section 232/223(f))
  • Non-recourse loan
  • 85% Loan-to-Value (No cash out allowed
  • Seller Promissory note of 7.50% Loan-to-Value allowed
  • Up to 35 Year Term/Amortization
  • Low, fixed interest rate (based on market spreads over 10-Year Treasury Yield
  • Debt Service Coverage (1.17 Minimum Debt Service Coverage)
  • Assumable loan
  • Third-party expenses and loan costs may be financed

The information contained on this page is limited and meant for general reference purposes. For detailed information or a specific quote on a transaction, please call us at 877-292-7350 to get more information or click below to contact us.

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