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HUD
LOAN
PROGRAMS
See if you Qualify for a HUD Loan
Checking for pre-approval will not affect your credit score.
Types of HUD Loans
Direct HUD / FHA and commercial mortgage banking lenders providing financing for apartments, healthcare facilities, senior living, hospitals, and commercial real estate nationwide.
HUD 223(f) Multifamily Loan
A non-recourse financing solution for the construction, rehabilitation or acquisition of existing market rate, affordable, or age-restricted multifamily properties.
✔ 35 - 40 year Fixed Rate
✔ 85 - 90% Financing
✔ Fully Amortizing Loan
✔ Non-recourse Financing✔ Declining Prepayment
✔ Assumable
✔ Minimum 85% LTV (80% Cash-out)
✔ No affordable units required✔ Can be 100% market rate or blended
✔ Can be combined with Historic Tax Credits, LIHTC, Grants, etc for 100% Financing.✔ Processing time of 4-6 months.
HUD 223(a)(7) Multifamily Refinance Loan
For borrowers with existing properties insured by FHA to lower their interest rate, increase the loan term, replacement reserves, and to complete minor repairs.
✔ Streamlined Process
✔ Non-Recourse
✔ 60-90 Day Process
✔ Complete Capital Improvements
HUD Section 241(a) Supplemental Loan
Designed to allow property owners the ability to extend the life of their project and remain competitive in the marketplace.
✔ For borrowers with existing HUD loans
✔ Repairs
✔ Replacements (including major movables)
✔ Energy conservation measures
✔ Additions
✔ Does not require refinancing of the first mortgage.
✔ 90% LTC
✔ 1.11x DCRHUD 232 Healthcare Loan
A non-recourse financing solution for the construction or rehabilitation of eligible healthcare facilities.
✔ 40 Year Fixed Rate
✔ 75-85%Financing
✔ Ground Up Construction
✔ Major Rehabilitation
✔ Non-Recourse
✔ Assumable by Investors
✔ Declining Prepayment✔ Board and Care Facilities
✔ Memory Care
✔ Skilled Nursing
✔ Assisted Living Facilities.
HUD 232/233(f) Healthcare Acquisition Loan
A non-recourse financing solution for the acquisition or refinance
of eligible healthcare facilities.✔ 35 Year Fixed Rate
✔ Non-Recourse
✔ Assumable by Investors
✔ Declining Prepayment
✔ Fund Capital Improvements
✔ Increase Reserve Deposits✔ Board and Care
✔ Memory Care
✔ Skilled Nursing
✔ Assisted Living Facilities
HUD 232/223(a)(7) Healthcare Refinance Loan
For borrowers with existing healthcare facilities insured by HUD to lower their interest rate, increase the loan term, replacement reserves and complete minor repairs.
✔ Streamlined Process
✔ Non-Recourse
✔ 60-90 Day Process
✔ Complete Capital ImprovementsHUD 221(d)(4) Affordable Housing Construction Loan
Debt financing for the ground up construction or rehabilitation of affordable housing projects nationwide.
✔ 40 Year Fixed Rate
✔ Non-Recourse
✔ Developer's Fee Available
✔ Highest Leverage Loans
✔ Can Combine with LIHTC
✔ RAD Conversions Eligible
HUD 242 Hospital Construction Loan
Provides financing for acute care hospitals – including Critical Access Hospitals.
✔ Facility must be an acute care hospital
✔ Mortgage cannot be insured if construction project is already under way.
✔ Eligible for a 90% loan-to-value ratio
✔ 25 Year Fixed Rate
✔ Non-Recourse
✔ Assumable
✔ Declining Prepayment
HUD 242/223(f) Hospital Acquisition Loan
Provides financing for acute care hospitals – including Critical Access Hospitals.
✔ Facility must be an acute care hospital
✔ Eligible for a 90% loan-to-value ratio
✔ 25 Year Fixed Rate
✔ Non-Recourse
✔ Assumable
✔ Declining Prepayment
Ready to see if you Qualify for a HUD Loan?
Call us today at 978.417.9325
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25L Inn Street
Newburyport, MA. 01950
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Phone: (978) 417-9325
chris@hubfinancing.com
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Hub Financing, LLC is a lead generation and validation corporation. All clients of Hub Financing, LLC are funded through a licensed direct lender, creditor, bank, brokerage, or loan originator. Hub Financing, LLC does not originate loans, process or facilitate credit repair or credit restoration services. All financial, loan, and credit recommendations given by Hub Financing, LLC are free of charge and recommendations only. Hub Financing, LLC does not provide any legal or tax advice.