HUD Healthcare , Apartment Loans     

Acquisition/Refinance min $3,000,000

Programs Benefits LTV
HUD 223(f)-Acquisition 35 year, fixed rate, non-recourse, assumable. Allow 7.5% second mortgage. 83.3-90%
HUD 223(f)-Refinance 35 year, fixed rate, non-recourse, assumable, cash out up to 80%, rate and term 83-90%. 80-90%
Agency 30 year, fixed rate, recourse & non-recourse, assumable, cash out up to 75%, rate and term 80%. 75-80%
HUD a7 (existing HUD loans) Refinance up to 12 years beyond remaining term. Maximum term is 35 years. No cash out, non-recourse, assumable. 100%
HUD 241(a) (second mortgaged for existing HUD loans) 83-90% of replacement cost, max term of 40 years, fixed rate, assumable ass 83.3-90%

Call for guidelines 817-927-5626