LEAN 232 Pipeline as of March 6th, 2009
FHA # Requests – Purchase/Refinance – 208
FHA # Requests – New Construction – 41
FHA # Requests – Section 223(a)(7) - 1
FHA # Requests – Section 241(a) – 1
FHA # Requests – Sub-Rehab – 2
FHA # Requests – Section 223(d) – 2
Applications In – Purchase/Refinance –40 (with 18 more scheduled to come in shortly) Applications In – New Construction – 7
Applications In – Section 223(a)(7) – 1 Firm Commitments Issued – 18 Applications CLOSED –Purchase/Refinance – 9 Applications CLOSED –
New Construction – 1 closed - (4 pre-apps completed)
FHA APARTMENT LENDER FANNIE MAE - FREDDIE MAC - HEALTHCARE and HOSPITAL LOANS
232 LEAN - APARTMENT NEW CONSTRUCTION - REFINANCE - National AFFORDABLE MULTIFAMILY HOUSING LENDER
Showing posts with label FHA Apartment Lender. Show all posts
Showing posts with label FHA Apartment Lender. Show all posts
Wednesday, March 18, 2009
Tuesday, March 10, 2009
FHA 221D4 or FHA Section 221(d)(4) Loans
The top apartment lending program available today is the FHA 221D4 program.
90% loan to cost
1.11 to 1 debt service coverage
40 years plus construction loan term
Non-recourse
Assumable
Check out the best lending program available today the FHA 221D4 new construction apartments.
90% loan to cost
1.11 to 1 debt service coverage
40 years plus construction loan term
Non-recourse
Assumable
Check out the best lending program available today the FHA 221D4 new construction apartments.
Friday, February 6, 2009
Apartment Loan
Kendall Realty Advisors is now offering a full range of apartment loans. New Construction, Refinance, Seven, Ten, Thirty, Thirty Five and Forty Year Loans depending on program.
Rates for FHA 223(f) including MIP under 6.5%.
FHA 221(d) new construction under 7.5%
Ten Year Loans, Seven Year Loans under 6.35%
Fixed Rates, Non-Recourse 30 to 40 year amortization depending on program.
Rates for FHA 223(f) including MIP under 6.5%.
FHA 221(d) new construction under 7.5%
Ten Year Loans, Seven Year Loans under 6.35%
Fixed Rates, Non-Recourse 30 to 40 year amortization depending on program.
Friday, January 9, 2009
Hud Texas News:
Estate Villas of Krum
On December 19th, the Ft. Worth Program Center closed an insured 221(d)4 new construction mortgage for the Estate Villas of Krum, a 140 unit to-be-built property located in Krum, TX.
Krum Estate Villas, Ltd., the borrower, is a for-profit partnership sponsored by Mr. Byron Ballas. While this was the sponsor’s first FHA-insured project, the development team featured a solid mix of both FHA and non-FHA multifamily experience.
The property is located near two new schools and several new subdivisions. Although growing, the immediate area is still fairly rural and “underserved” in terms of multifamily housing. Estate Villas of Krum will help satisfy some of this area’s demand for affordable apartment housing.
The $12,997,400 mortgage was closed at a 6.76% interest rate.
On December 19th, the Ft. Worth Program Center closed an insured 221(d)4 new construction mortgage for the Estate Villas of Krum, a 140 unit to-be-built property located in Krum, TX.
Krum Estate Villas, Ltd., the borrower, is a for-profit partnership sponsored by Mr. Byron Ballas. While this was the sponsor’s first FHA-insured project, the development team featured a solid mix of both FHA and non-FHA multifamily experience.
The property is located near two new schools and several new subdivisions. Although growing, the immediate area is still fairly rural and “underserved” in terms of multifamily housing. Estate Villas of Krum will help satisfy some of this area’s demand for affordable apartment housing.
The $12,997,400 mortgage was closed at a 6.76% interest rate.
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