Commercial Investment Capital Group, Inc.
The HUD/FHA Program focuses on serving the multifamily, affordable housing and healthcare industries utilizing the Federal Housing Administration credit enhancement. There are several programs within HUD which finance the new construction, rehabilitation, acquisition and /or refinance of multifamily and healthcare properties.
$7,000,000 - no upper limit
Eligible Property Types:
Multifamily (5+ Units) that are at least 3 years old
Minimum 90% on 3 month trailing basis
Loan to Value:
Up to 85% of total project cost
Typical Interest Rate:
4.50% - 6.50%
35 Year Term / 35 Year Amortization
5-Year Lockout, then 5-Year Declining
Minimum Credit Score: