Details.
Financing for the purchase of existing multifamily structures with at least 5 units. Available for single-asset, single-purpose for-profit or nonprofit entities. Loans are fully non-recourse, fully assumable, fixed rate based on market conditions at rate lock, and amortize over a maximum term of 35 years. Subject to HUD eligibility requirements, mortgage limits, escrows, replacement reserves, repair escrow requirements, third-party reports, and applicable HUD fees.