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Investors, Do You Know Your Multifamily Loan Options?

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The Department of Housing and Development (HUD)-insured multifamily loans often get a bad rap. Folks associate them with loans that take a long time to close, have a lot of red tape and are only for affordable properties. Some of this is misguided. The red tape and timeline are undoubtedly a bit more arduous than agency debt; however, a HUD 223(f) loan, with the right lender, may only take another 30-60 days to close than an agency loan.

Although Federal Housing Administration (FHA) debt may not be perfect for purchase execution, it is often the best for recapitalizations. FHA-insured permanent financing is generally non-recourse, up to 85% LTV, fixed and fully amortizing for up to 35 years (subject to the remaining economic life of the property), and priced better than Fannie, Freddie and CMBS, because of the lower risk rating of debt guaranteed by the U.S. government.

Source: Investors, Do You Know Your Multifamily Loan Options?

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Rodwell Smith

Ever since I can remember, I was always fascinated with my Dad’s and Grandfather’s proficiency very fervently. They could start with a bare piece of land and create a structure for a most appreciative owner to live a better life. RodwellBuildingServices is the career achievement I'm most proud of now. Especially since it started from full utilization of my know-how, every bit of skills and technical capabilities. My life has come full circle to my fathers' as I start with any under improved property and make it into your dream. My niche in the real estate industry is constructed-to-order real estate transactions are my life of services and daily adventures in and around the capital of the free world. RodwellBuildingServices™ benefits keenly customized property sellers, buyers, and users in Washington, DC and up to 50 miles around Maryland and Northern Virginia. We speak to our customers as a Property Improvement and Modernization Builder/Realtor expert. If we haven't provided you with “the real services and the right property for your order,” at any time up to 5 years - we will sell it back from you and help you with a more custom fit.

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