Commercial Real Estate Division

HUD / FHA Finance

HUD FHA 223(f) Multifamily Loans for the Acquisition of Multifamily Properties

HUD 223(f) Multifamily Loans are available for the acquisition or refinancing of 5+ unit multifamily properties and are a great financing option for borrowers looking for maximum leverage and longer fixed rates and terms. There are no income or rent restrictions under Section 223(f) unless otherwise required by a project based HAP contract or other regulatory agreement.

  • Loan sizes above $1 million - no maximum

  • 83.3% LTV for market rate apartments

  • 87% LTV for project based rental assistance

  • Up to 35 year fixed rate terms

  • 1.17 minimum DSCR

  • HUD insured mortgages are non-recourse

  • 100% CLTV is possible with Joint Venture

HUD 221(d)(4) Multifamily Loans - New Construction and Substantial Rehabilitation of Multifamily Properties

Section 221(d)(4) FHA apartment loans -- 221 (d)(3) for non-profits -- are available for the new construction or substantial rehabilitation of multifamily properties. Construction loans for multifamily properties with up to 90% of the HUD FHA replacement cost estimate and 40 year permanent fixed rate terms available.

  • $2 million minimum construction loan size

  • Up to 90% leverage

  • Up to 40 year fixed rate terms

  • Up to 100% CLTV is possible with Joint Venture

HUD FHA Section 232 - Commercial Loans Acquisition of Healthcare Properties

HUD provides commercial loans for assisted living, skilled nursing, intermediate care, memory care and other residential care facilities through Section 232. FHA insured mortgages are available for the purchase or refinancing of residential care facilities with a stabilized operating history. 

  • Property types include assisted living, memory care, skilled nursing, intermediate care

  • Up to 35 year fixed rate term

  • Up to 80% LTV

  • Up to 100% CLT is possible with Joint Venture

FHA 242 Construction, Rehab, Modernization or Expansion for Hospital and Acute Care Facilities

The Section 242 program is administered by the Office of Hospital Facilities (OHF) within the Office of Healthcare Programs. Section 242 of the National Housing Act provides insured mortgages for construction, rehabilitation, expansion or modernization of acute care hospital facilities ranging from large teaching institutions to small rural critical access hospitals. 

  • Fixed rate terms up to 25 years

  • No maximum loan amount

  • Up to 90% LTV

  • Up to 100% CLTV is possible with Joint Venture

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 Synergy Capital Markets

9453 De Soto Avenue

Suite M

Chatsworth, California 91311
 

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Synergy Capital Markets, is an institutional alternative real estate finance investment adviser, investor and underwriter. Synergy Capital Markets does not offer, and does not offer to provide any broker dealer or market maker services. Synergy Capital Markets operates this website at www.SynergyCapitalMarkets.com (referred to as the “Website”). By accessing this Website and any pages thereof, you agree to be bound by its Terms of Use and Privacy Policy. Past performance is no guarantee of future results. Any historical returns, expected returns, or probability projections may not reflect actual future performance. We do not provide financial planning services to individual investors. Synergy Capital Markets does not provide tax advice and does not represent in any manner that the outcomes described herein will result in any particular tax consequence. Prospective investors should conduct their own due diligence, not rely on the financial assumptions or estimates displayed on this Website, and are encouraged to consult with their own financial advisor, attorney, accountant, and any other professional that can help you / them to understand and assess the risks associated with any real estate investment opportunity. Full Disclosure

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