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.
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.
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
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.