Multifamily Cash Out Loans
Hurst Lending offers FHA multifamily cash out refinance loans for investors in apartments in all parts of the US. As a multifamily lender, we specialize in non-recourse multifamily cash out refinance loans with low fixed rates and a term of up to 35 years. Our FHA insured multifamily loans are some of the most competitive financing packages available for investors in multifamily and apartment housing. Some highlights of these financing options are listed below.
FHA Multifamily Loans (New Construction – FHA Section 221(d)4/221(d)3))
- Non-recourse loan
- 83.3% Loan-to-Cost
- 40 Year Term/Amortization
- Low, fixed interest rate (based on market spreads over 10-Year Treasury Yield
- Debt Service Coverage (1.20 Minimum)
- Assumable loan
- Third-party expenses and loan costs may be financed
Multifamily Cash Out Refinance – FHA Section 223(f)
- Non-recourse Cash Out refinance loan
- Up to 83.3% Loan-to-Cost
- Up to 35 Year Term/Amortization
- Low, fixed interest rate (based on market spreads over 10-Year Treasury Yield
- Debt Service Coverage (1.20 Minimum)
- Assumable loan
- Third-party expenses and loan costs may be financed
The information contained on this page is limited and meant for general reference purposes. For detailed information or a specific quote on a transaction, please Call us at 877-692-0563 to get more information or email sbialek@HurstLending.com.