FHA – HUD 223(f) nationwide multifamily loans for experienced real estate investors juggling inflation, rate risk, and overpriced deals
Locks in fixed, low monthly payments, maximizes leverage, and leaves cash for your next opportunity – same formula we use when structuring our private money solutions.
No upfront fees
Non-recourse
HUD 223(f) loans priced 75-100 bps below bank or bridge debt, then fully amortize 35 to 40 years with no balloons or refi risk.
For purchase, refiance, and cash outs
Highest leverage in the market: Up to 87% LTV on stabilized market-rate deals (90% on affordable), plus 1.15× DSCR after 2025 rule change letting investors conserve cash for their next acquisitions.
Assumability and true non-recourse. A future buyer can assume the loan (with HUD approval), adding exit value, while you retain carve-out-only exposure.
Mass-market proof: Top HUD lenders closed $1.35 Billion in 223(f) in 2024, outpacing every other permanent-debt channel for multifamily.
Capital hungry markets: 2024 shows multifamily originations rebounded to $498 Billion. HUD captured an outsized share because they still pencil at current cap rates.
Speed bumps to budget for:
• 6-12 month closing timeline (wait time fast with bridge-to-HUD loans)
• Up-front MIP, 3rd-party reports, and rigid repayment (10-year lock-out or defeasance may curtail early sale or refi oppotionality.
• Starts at $5 Million+
For pricing and pre-approval, please click the GET STARTED Link for qualified borrowers.
