Refinance HUD Loans

Both the HUD 223(f) for the refinancing of existing multifamily properties and the HUD 232/223(f) program for the purchase of healthcare facilities are programs that have the best features of any product in the marketplace.

Advantages 

  • Low fixed rate terms up to 35 years.
  • Highest loan-to-value (LTV)% available in the marketplace.
  • Lowest fixed interest rate available in the marketplace.
  • Long-term fixed rate with no balloon payment, which mitigates interest rate risk.
  • Highest loan-to-value (LTV) available in the marketplace (high leverage). 
  • Non-recourse.
  • Assumable. 
  • No financial capacity requirements.

Drawbacks

  • Length of time for HUD approval (4 to 6 months).
  • Annual CPA audited operating statements.
  • Mortgage Insurance Premium (MIP) required.
  • Higher transaction costs and detailed third-party reports required.
  • Required property inspections.

For quicker executions and short-term property holders, Fannie Mae and Freddie Mac programs may fit better to meet your financial objectives.

Loan Type FAQs

Multifamily

Healthcare Facilities

Affordable Housing

Student Housing

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