• Home
  • Hotels
    • Hotels (How To Secure Financing)
    • Hotel Bridge Loan
    • Hotel Construction Financing
    • Hotel Financing & FF&E
    • Hotel Permanent Loan
    • Hotel Refinance
    • Hotel Stabilization Lease-Up Bridge Loan
  • Commercial
    • What We Finance
    • 144A Bond Program
    • Bank Alternative Loan Program
    • Church Financing
    • Commercial Program Guidelines
    • Triple Net Single Tenant
    • Commercial Construction
    • Energy Financing
    • Hard Money Solutions
    • Land Development Loans
    • Lending Solutions
    • Mezzanine
    • Commercial Loans (Low Rate) $500K - $5M
    • Luxury Asset Loans
    • Office Building Financing
    • Permanent Loans
    • Retail Loan Program
    • Stock Loans
    • Stock Loans How They Work
    • Purchase Order Financing
    • Stated Income
    • Subdivision Development
  • Multifamily
    • Affordable Housing Small Mtg Program
    • Assisted Living Financing
    • High Leverage Construction Financing
    • HUD 223(f) Multifamily
    • HUD 223(f) Cost & Fees
    • HUD 223(f) Terms & Qualifications
    • HUD 232 (Pros & Cons)
    • Mobile Home Park Financing
    • Multifamily & Mixed Use Rehab Loans
    • Multifamily & Mixed-Use Construction
    • Multifamily & Mixed-Use Light Rehab Loan
    • Multifamily Bank Alternative Loans
    • Student Housing Loans
  • Equipment Financing
    • Cannabis Financing
    • Construction Equipment Financing
    • Heavy Equipment Financing
    • Trailer Financing
    • Speciality Vehicle Financing
    • Transportation Financing
  • SBA
    • SBA 504 Eligibility
    • SBA (7)(a)
    • Types of 7(a) Loans
    • SBA 7(a) Terms, Conditions & Eligibility
<!-- Google Tag Manager --><script>(function(w,d,s,l,i){w[l]=w[l]||[];w[l].push({'gtm.start':new Date().getTime(),event:'gtm.js'});var f=d.getElementsByTagName(s)[0],j=d.createElement(s),dl=l!='dataLayer'?'&l='+l:'';j.async=true;j.src='https://www.googletagmanager.com/gtm.js?id='+i+dl;f.parentNode.insertBefore(j,f);})(window,document,'script','dataLayer','GTM-PFDDL6R');</script><!-- End Google Tag Manager -->
970-663-7306
Multifamily and Mixed Use Cash Outs, Refinance and Acquisition FHA / HUD section 223 (F) Nationwide Financing
* 2.75% + Fixed (our fee built into the interest rate) * 1% mortgage insurance premium at closing then 0.6% annually on decreasing loan amount * Term: Up to 35 years fully amortizing * $5M to 100 million + * No upfront fees. We are paid when your loan is funded at closing * Eligible properties: market rate properties of any class, co-operatives, affordable or subsidized housing. Construction or substantial rehab completed 3 + years before application to HUD; student housing allowable but cash flows cannot assume multiple rents from one unit and rents must be in line with market rate multifamily comparables. * Subsidized: (at least 90% Section 8): 87% LTV, 1.11X DSCR, 90% acquisition to cost & 80% cash out. * Affordable: (with minimum set-aside 15 + years): 90% LTV, 1.15 DSCR, 87% acquisition to cost & 80% cash-out. * Market Rate: 85% LTV, 1.18X DSCR, 85% acquisition to cost & 80% cash out * Repair and rehab limitations: up to $15,000 times local cost factor (190% to 270%; repairs not 50% = of two building systems; electrical, plumbing, mechancial, building envelope and structural * Commercial space limited to 25% of net rentable area & 20% of gross income * 0,5% rate lock deposit refunded at closing * Non-recourse * Low fees and points * Prepayment and assumption negostable * Occupancy requirement: 85% average occupancy for the past 6 months (steady or trending up), for projects within 3 years of construction / major rehab completion: no occupancy requirement, for example if 70% occupancy supports loan amount requested, start underwriting 2 months prior but loan takes 6 + months to close * 700 + Credit Score * Strong borrower / sponsor liquidity, net worth , financials, and experience * Single asset, special purpose LLC, for profit or non-profit * Escrows: Taxes, insurance and mortgage insurance premiums escrowed monthly, capital needs reserve maintained with monthly deposits to HUD guidelines (minimum $250 / year) mortgage insurance premium: due to HUD at closing 1% and 0.6% annually thereafter; 0.25% to 0.35% for affordable and subsidized properties; 0.25% for Energy Star Certified properties. * HUD application fee: 0.30% of estimated loan amount due with application * Third party reports: appraisal, environmental & capital needs assessment Timeline: Typical application submitted 45 to 60 days of engagement: 60 - 90 days to HUD commitment and 30 - 45 days to closing
FINANCING SOLUTIONS
Contact Us
Forms
Phone: 970-663-7306
Home Properties We Finance Hard Money Commercial 144A Bond Program Bank Alternative Loan Program Church Financing Commercial Loans - Low Rate Commercial Program Guidelnes Commercial Construction Energy Financing Luxury Asset Loans Hard Money Solutions High Leverage Construction International Stock Loans Lending Solutions Mezzanine Mobile Home Park Financing Office Building Loan Program Permanent Loans Purchase Order Financing Real Estate Retail Loan Program Stated Income Stock Loans
Sell or Purchase
Bitcoins Diamonds Precious Gems
Energy Financing
Multifamily & Mixed Use
Affordable Housing Small Balance Assisted Living HUD 223(f) Multifamily HUD 223f (Terms & Qualifications) HUD 223(f) Cost & Fees Multifamily Multifamily HUD 223(f) Multifamily Bank Alternative Multifamily & Mixed Use Rehab Multifamily & Mixed Use Light Rehab Multifamily (Mixed Use - Construction) Student Housing / Multifamily Subdivision Development Multifamily Bank Alernative Mobile Home Park Financing
Rehab Conversion & Construction
3.5% Fixed / 2 Yr Construction High Leverage Major Rehab Multifamily & Mixed Use, Major Rehab Loan Multifamily & Mixed Use - Light Rehab HUD 232 (Pros & Cons)
SBA Loans
SBA 504 Eligibility SBA 7(a) SBA - Types of 7(a) Loans SBA 7(a) Terms, Conditions & ELigibility
Equipment Financing Aerospace & Defence Agriculture Automotive Cannabis / Hemp Industry Construction Equipment Heavy Equipment Medical Trailer Financing Specialty Vehicles Transportation Financing We will finance just about anything !!!
Hotel Financing
Hotel Financing Hotels (How To Secure Financing Hotel Bridge Loan Hotel Construction Financing Hotel Permanent Loan Hotel Refinance Hotel Stabilization Bridge Loan Hotel FF&E
Copyright © 2021 Network Solutions, LLC. All rights reserved.
google-site-verification: googlea231957374c1ea3e.html google-site-verification=wcJVdrL61UPNSlO9jyx6_KlTxosGmWlbdzeDLNYS0JM

We use cookies to enable essential functionality on our website, and analyze website traffic. By clicking Accept you consent to our use of cookies. Read about how we use cookies.

Your Cookie Settings

We use cookies to enable essential functionality on our website, and analyze website traffic. Read about how we use cookies.

Cookie Categories

Essential

These cookies are strictly necessary to provide you with services available through our websites. You cannot refuse these cookies without impacting how our websites function. You can block or delete them by changing your browser settings, as described under the heading "Managing cookies" in the Privacy and Cookies Policy.

Analytics

These cookies collect information that is used in aggregate form to help us understand how our websites are being used or how effective our marketing campaigns are.