FHA – HUD 223(f) Multifamily Loans for experienced investors juggling inflation, rate risk, and overpriced deals
Most popular multifamily permanent-debt choice
$1.35 Billion closed in 2024
Nationwide
Purchase, refinance, or cash out
Low fixed rate and monthly payments
75-100 bps below bank rates
35 to 40 years fully amortized (no balloons or refi risk)
No upfront fees
$5 million to $75 million per property
Non-recourse
Assumable
High leverage: 87% LTV for stabilized market-rate; 90% for affordable
2025 rule change: 1.15 DSCR conserves cash
Speed bumps to budget for:
• 6-12 month closing timeline (only 2 months with our bridge-to-HUD option)
• Up-front MIP, 3rd-party reports, and rigid repayment (10-year lock-out or defeasance may curtail early sale or refi); assumable for qualified buyer
For qualified borrower pricing and pre-approval, click GET STARTED Link .
