HUD 223(f) Multifamily and Healthcare Loans
5% to 5 1/2% fixed for 35 Years
Finance to 87% for purchase, refinance, or cash-outs
Nationwide
No upfront fees; we are not paid until you receive funding.
Bank balloona or floating SOFR caps won’t protect your cash flow when 10-year Treasury is 4+%. HUD 223(f) will. It wrapsstabilized multifamily or healthcare properties in 35-year, fully-amortizing, GNMA-guaranteed loans 75-100 bps below bank debt…
Why Smart Investors Prefer HUD 223(f) to banks:
| Benefits | How it works: |
| Less cash to close | Finance 87 % LTV and 1.15× DSCR after ML |
| Lower monthly payments. | Mid 5%* fixed |
| No baloons; | Fully amortizing |
| Protect personal assets. | Non-recourse; assumable |
| Cash out at closing | Refinance 80% of appraised value |
| Finance minor upgrades | Repairs < $15 k/unit roll into your HUD loan; no Davis-Bacon |
| Boost NOI with green savings. | 30% energy/water cut and drops annual MIP 0.25%. |
| Nationwide | Sizes on 6-month NOI & 85% occupancy; no tier haircuts |
| Fast Track | 60-day interest only bridge swaps into 35-year low monthly payments when HUD issues Firm Commitment. |
Key Terms at a Glance
- Loan amount sweet spot: $25 – $50 M+ per property (FNMA and Freddie Mac agency loans usally best from $2 million to $24,999
- Term / Amortization: 35–40 yrs
- Occupancy test: 85%+ for previous 6 months
- Timeline: Fast Track: 2 months: most competitors for properties wait 12 months
Speed Bumps to Plan For:
- Up-front MIP and third-party reports.
- Call-protection: typical 10-year step-down or defeasance; usually not an issuse because HUD 223(f) loans are assumable when you want to sell the property
Bottom Line
HUD 223(f) lets you borrow more, pay less, and scale your real estate business: low-5 % fixed money for 35 years, maximum leverage, instant cash-out, and no personal guarantees. Trade a few extra months of paperwork—or FAST TRACK through them—for decades of higher cash flow and an equity war-chest to win your next deal.
Ready to run numbers on your deal?
Call 856-353-3430, email ejpaul@eaglecfs.com, or message me on LinkedIn.
*Rate band from GNMA-wrapped quotes, week of April 30 2025; actual coupon varies with Treasuries, deal metrics, and MIP tier
