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Loan Program Term Sheets

HUD Section 223(f) Loan Program
Multifamily Acquisition or Refinance Loan

The 223(f) loan programs provides non-recourse, assumable financing for the purchase or refinance of existing multifamily developments.

For properties less than 3 years old.

HUD Section 221(d)(4) Loan Program
Multifamily New Construction or Substantial Rehabilitation Loan

The 221(d)(4) loan programs provides a non-recourse, interest only construction loan that converts to a 40-year fully amortizing permanent loan without performance requirements. The construction-to-permanent loan is rate-locked with a fixed interest rate before construction.

HUD Section 223(a)(7) Loan Program
Refinance of Existing FHA-Insured Multifamily Loan

This expedited loan program allows borrowers with an existing FHA-insured mortgage to refinance at a lower interest rate.

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