Multi-Family Loans - FHA 223(f)
AMAGF can package and place your HUD FHA 223(f) for Multi-Family (apartment) financing requests.
HUD 223(f) apartment loans are available for the acquisition or refinancing of 5+ unit multifamily properties and are a great financing option for borrowers looking for maximum leverage and longer fixed rates and terms.
There are no income or rent restrictions under Section 223(f) unless otherwise required by a project based HAP contract or other regulatory agreement.
HUD FHA 223(f) insured mortgages are non-recourse with no market, economic or population restrictions
Loan sized above $1 million – no maximum
83.3% LTV for market rate apartments
87% LTV for project based rental assistance
80% Cash Out
Up to 35 year fixed rate terms
1.17 minimum Debt service
HUD insured mortgages are non-recourse
All 50 states, Puerto Rico, U.S. Virgin Islands and Guam