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Updated about 9 years ago on . Most recent reply

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Jon Klaus
  • Developer
  • Garland, TX
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Multi-family loan rates and terms

Jon Klaus
  • Developer
  • Garland, TX
Posted

What are you seeing on purchase money? HUD FHA 223(f)?

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Darryl Dahlen
  • Commercial Loan Officer
  • Southern Maine, ME
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Darryl Dahlen
  • Commercial Loan Officer
  • Southern Maine, ME
Replied

Rate is about right. Term is 35 years with fixed rate and max LTV of 83.3% for market rate units and 85% if affordable housing. Loan amounts are important for HUD as anything under 5MM may not be a good fit cost wise. Fannie and Freddie can be better alternatives on smaller loans.

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