Since 1934, HUD’s FHA program has insured over 47,205 projects. The U.S. Department of Housing and Urban Development (HUD), and Federal Housing Administration (FHA) insures loans for market-rate multifamily, affordable multifamily, manufactured housing communities, student housing, senior care housing, and health care facilities.
CRELender provides FHA-insured financing for acquisition, refinancing, new construction, and rehabilitation. Our staff is comprised of seasoned mortgage advisors with extensive FHA financing experience. Eligible FHA-insured borrowers may include for-profit, nonprofit and public entities. CRELender’ s mission with the HUD FHA programs is to support community development and increase access to affordable housing. Forging new partnerships with community organizations leverage resources and improve CRELender’s ability to be effective on the community level.
We actively originate FHA-insured loans for nursing homes, skilled care, assisted living, independent living, congregate care, Alzheimer’s care, healthcare and critical access hospitals facilities. We welcome skilled nursing, assisted living, and healthcare facility operators with complex transactions, because we understand and can respond to the intricacies of your local market and deal transaction, and have the unique ability to create custom lending solutions for our valued borrowers. We are also specialized in affordable housing properties involving low income housing tax credits and tax-exempt housing bonds, administering HUD’s FHA mortgage insurance programs for long-term and non-recourse financing nationwide.
FHA MAP and LEAN lenders can secure mortgage insurance through a variety of programs. These insurances allow long-term (in some cases, 40 years) low interest, fixed rate financing for ground-up construction, rehabilitation and renovations, or refinancing an existing project. CRELender’s use of HUD’s Multifamily Accelerated Processing (“MAP”) guidelines and its new senior care LEAN program allow for faster and more consistent processing times and results. In addition, CRELender can provide financing under HUD’s TAP programs. These programs provide financing for the streamline refinancing of existing HUD insured properties.
Starting with traditional refinancing to highly structured transactions involving public/private partnerships, mixed-use, leaseholds, 1031 exchanges, new construction, substantial rehabilitation, adaptive reuse, LIHTC or elderly housing, the FHA multifamily programs can provide a highly leveraged, non-recourse, long-term financing solution. CRELender supports higher leverage FHA loans, coupled with full assumability, providing additional opportunities for clients with shorter term hold horizons.
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