* Up to 85% LTV for purchases
* Up to 85% LTV for rate and term refi
* Up to 80% LTV for cash out
* 35 year amortization
* 35 year term (no balloon)
* Non-Recourse

The HUD 223f program provides non-recourse financing for the purchase of existing multifamily, affordable, or age restricted properties.

35 year fixed rate, non-recourse financing can be secured for qualifying properties. This loan can also be assumed by investors and retain the original interest rate.

Market rate properties qualify for 83.3% LTV, 87% for Affordable, and 90% for projects that have 90% or greater of their units with rental assistance.

The 223f program provides the best terms available for acquiring and refinancing projects. To qualify, properties must be at least 3 years old since final certificate of occupancy, and must have an average occupancy rate of 85% or higher.

Click Here to Download Acquisition and Refinance Guidelines