Amidst the broad mix of lending products serving the multifamily and healthcare markets, FHA-insured financing provides some of the most attractive benefits to qualifying communities. Available for healthcare facilities as well as both market-rate and affordable housing communities, and serving both profit and nonprofit-motivated owners, the FHA product and process differs from other credit programs in that it is not a commodity. It allows for a tailored approach in working with individual owners to define their objectives and timelines, and to comprehensively understand all aspects of the deal, considering factors other than traditional credit obligations and market conditions. This flexibility, combined with Multifamily Accelerated Processing (MAP) underwriting procedures, allows the FHA to offer property-specific solutions in a competitive time-frame.
Programmatic Advantages Include:
- Flexibility in developing custom and creative financing structures
- Flexibility in underwriting considerations
- Longer loan terms (typically 35 to 40 years)
- Fixed interest rates
- Non-recourse provisions
- Higher Loan-to-Value (LTV) ratios
- Lower debt service coverage (DSC)
- Assumable debt
- Credit enhancement for bond issues
These programmatic advantages are further enhanced by our demonstrated success in executing FHA-insured financing, delivering comprehensive capital solutions that allow our clients to achieve their mission.