Details.
Financing for the purchase of existing multifamily structures with five or more units. Loans are available for single asset, single purpose entities and are fully non-recourse. Maximum loan amount is under $130 million, with fixed rates determined by market conditions at rate lock and a maximum 35-year fully amortizing term. Subject to HUD mortgage limits, occupancy requirements, escrows, replacement reserves, repair escrow requirements, third-party reports and applicable HUD fees.