Contact The Financial Mall, LLC a platform of the most diverse lenders and investors, we are affiliated with lenders, banks, credit unions, pension fund managers. It is typical 25% down plus closing costs, however, we can structure a deal through sources to reduce the down payment substantially. Visit our website: The Financial Mall
Multifamily Construction or Substantial Rehab FHA-HUD Loans
Multifamily Construction or Substantial Rehab Loans
FHA/HUD Section 221 (D)(4)
2.75% to 4.5% Fixed
Eligible properties: Market rate, low to moderate income and subsidized multifamily properties
Commercial space limited to 25% of net rentable area & 15% of gross income (30% underwritten EGI in urban renewal areas under Section 220)
Term & amortization: 2 year + 2 months interest only construction loan then 40 years fully amortizing
$3 to 100 Million+
No upfront fees. We are paid when your loan is funded at closing.
High LTC: Subsidized: 90% LTC with 1.11X debt service coverage; Affordable: 87% LTC with 1.15X debt service coverage; Market Rate: 85% LTC with 1.18X debt service coverage; Subsidized and Affordable: 80% LTC with 1.25 debt service coverage
Minimimum Scope of Work:
0.5% rate lock deposit refunded at closing
Low fees and points
Prepayment and assumption negotiable
Strong borrower/sponsor liquidity, net worth, financials and experience required
Single asset, special purpose entity, either for profit or non-profit required
Eligible properties must: provide continuous protective oversight, offer 3 meals per day, state licensed, non-resident care not to exceed 20% of gross area & gross income, may include up to 25% non-licensed independent living units and commercial space up to 10% of gross floor area & income
Construction or rehab defined as 15% of post-rehabilitated value or replacement of 2+ major building components
Davis Bacon wages required by HUD and determined by Department of Labor
Escrows: (1) prior to construction, reserves for interest, taxes, insurance, working capital (4% of loan) and initial operating deficit; balances released to borrower 6 months after 6 consecutive months of break-even operations; (2) Post construction: taxes, insurance and mortgage insurance premium escrowed monthly and a capital needs reserve maintained with monthly deposits in accordance with HUD guidelines
Mortgage insurance premium: 0.77% payable at closing and annually until principal repaid (0.45% for tax credit deals)
HUD application fee: 0.30% of estimated loan amount due with submission of final application
Third party reports: appraisal, market study, environmental & review of final construction and architectural docs by HUD approved reviewer
Timeline: typically 12 months from due dilligence to closing
I am a representative of this company with many loan products like this one.If you're interested in this loan program please e-mail me and I will send you within 24 hours requesting your name
Your company's name and to agree that closing 1% the amount financed through the company I am representing and sending you this information.
My name as Rickey and my e-mail address firstname.lastname@example.org. Thank you and god bless you
Try this one. Email or text me if you are interested in proceeding.
Low Rate Program
For credit worthy investors who want a better alternative to bank financing…
We are direct lenders providing financing to businesses for working capital,expansion,inventory,equipment purchase or emergencies at an interest rate of 4% In many cases,we can provide you with the funding you need in as little as 24 hours. We are a direct lender: not a bank merchant cash advance company or a financial factory company.
An acknowledgment to this email
!!!REAL ESTATE LOAN`S 80% LTV TO 90% LTV!!!
I have FHA/HUD Government funding, that gives better rates & Terms on Multifamily properties plus any Apartment properties throughout America, than Banks and Private lenders. FHA/HUD funding can do this, Purchase, Development, Refinance and Construction Loans with A to D credit. So if your Fico Score is under 550, you will get a 75% LTV on a FHA/HUD investment loan. Therefore, if you have money to put down for the LTV, you will get FHA/HUD funding for your investment property. However, on a Multifamily FHA/HUD investment loan,it will be insured, no lender in America can give you that.The nice thing about FHA/HUD funding,they would make sure,you could afford to make payments every month, on the investment loan. Moreover, interest rates Fixed for term of loan, determined by market conditions at time of rate lock,rate lock deposit is 0.5% and refunded at closing. FHA/HUD funding offer this for a Borrower, Single asset, special purpose entity, either for profit or non-profit. FHA/HUD investment funding, has Non-Recourse for Multifamily and any Apartment properties. FHA/HUD can do funding from 180,000 to 100,000,000 anywhere in America, only with the direct investor. Furthermore, if interested just click on the link below, for a investment Real Estate loan quote OK Thank You
Will you allow the seller to take the second position in the capital stack?
Non-Bank Commercial Mortgage Solutions for Multifamily, Retail, Mixed-Use, Warehouse/Self-Storage, Office, Light Industrial, Automotive, and Mobile Home Park Properties
Contact us today for your real estate investment finance solutions:
Integrous Real Estate Capital
Office: (323) 900-5001
Loan Application: apply.integrousrec.com