Important things to consider before applying for HUD221(d)(4) financing:
The U.S. Department of Housing and Urban Development offers multifamily developers the highest leverage, long-term, fixed-rate, construction-to-perm, non-recourse financing on the market — but unfortunately, the loan application process is one of the most grueling and confusing out there.
Not sure where you sit? A HUD/FHA multifamily loan expert can give you peace of mind.
THE MOST ATTRACTIVE CONSTRUCTION FINANCING WITH THE WORST REPUTATION
So you don't need to worry about a thing, except building your project
WE MANAGE THE COMPLETE
As financing experts focused on 221(d)(4) loans, we know when to push and where to negotiate hard to get you the leverage, terms, and pricing you want.
WHITE GLOVE SERVICE
You will be taken care of from A to Z; from dealing with third parties to HUD required forms, cumbersome paperwork, and final closing.
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As a full-service HUD MAP Lender and Capital Markets Advisory Firm, you can rely on us to help you every step of the way. We'll take care of the dirty work and make the process as easy as possible for you.
With 15 years in the business, we've streamlined each step of the loan process. The result is a 2 to 3x faster closing than industry average.
HUD.Loans serves veteran and first-time borrowers looking for HUD insured financing for their ground-up multifamily development with loans starting at just $2,000,000. To get a custom quote for your project, use the link below.
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Adherence to David Bacon prevailing wages
221(d)(4) program checklist:
While HUD 221(d)(4) financing is aimed at loans above $2,000,000 and residential properties with more than 5 units, you must also meet the following conditions.
QUICK HUD 221d4
General contractor must execute a GMP contract
Sponsorship net worth and liquidity requirements
Experience building comparable products
GC must provide a 100% performance and payment bond, and have a liquidity position equal to at least 5% of the project construction contract plus all uncompleted construction work
Commercial and retail space is limited to the lesser of 10% of the gross floor area or 15% of gross income
For more information or assistance in checking something off your list, call 1-877-890-8103.
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