Weekly Update, April 10, 2009/U.S. Department of Housing and Urban Development (HUD)

Weekly Update, April 10, 2009/U.S. Department of Housing and Urban Development (HUD)

Apartment and FHA 232 LEAN Healthcare Finance: New Lean Two Year Debt Rule

Apartment and FHA 232 LEAN Healthcare Finance: New Lean Two Year Debt Rule

LEAN PIPELINE AND CLOSINGS TO DATE

LEAN 232 Pipeline as of March 6th, 2009

FHA # Requests – Purchase/Refinance – 208

FHA # Requests – New Construction – 41

FHA # Requests – Section 223(a)(7) - 1

FHA # Requests – Section 241(a) – 1

FHA # Requests – Sub-Rehab – 2

FHA # Requests – Section 223(d) – 2

Applications In – Purchase/Refinance –40 (with 18 more scheduled to come in shortly)

Applications In – New Construction – 7

Applications In – Section 223(a)(7) – 1

Firm Commitments Issued – 18

Applications CLOSED –Purchase/Refinance – 9

Applications CLOSED – New Construction – 1 CW Capital - (4 pre-apps completed)

FHA 221(d)(4) or FHA 221 D4

The top apartment lending program available today is the FHA 221D4 program.

90% loan to cost

1.11 to 1 debt service coverage

40 years plus construction loan term

Non-recourse

Assumable

Check out the best lending program available today the FHA 221D4 new construction apartments.

Nursing Home Loans Apartment Loans

In addition to the FHA 223F and FHA 232 lending programs we are now offering refinance and purchase loans using conventional financing.

Fixed Rates 25 and 30 year amortizations rates start in the mid 6% range.
Small balance loans acceptable.

FHA 232 Nursing Home Loans

Kendall Realty Advisors combines its experience with a top FHA 232 Lean Lender to provide you the best service on your nursing home loan. Our team has experience with FHA 232 Lean refinance and Lean 232 New Construction loans. Assisted Living Facility Lender