HUD 223(f) Refinance or Acquisition
Why Berkadia?
Customized Solutions
Berkadia offers tailored debt financing and equity solutions for all project sizes, locations, and borrower profiles, led by top FHA experts.
Proven Experience
With over two decades of experience, our professionals guide clients through the FHA financing process on a nationwide basis.
Client-Centric Values
Inspired by shareholders Berkshire Hathaway and Jefferies Financial Group, we value client relationships and treat clients as family.
HUD 223(f) Loan Program
Market Rate Properties
Affordable Properties (LIHTC Minimums)
Forward Thinking
Leveraging advanced technology, including Pro Deal for efficient document management, Loan Submissions under 90 days from Engagement.
Industry Leadership
In 2023, Berkadia financed $1.2 billion in HUD loans across 49 transactions and received high rankings in the following: #1 HUD Multifamily New Construction, #1 HUD Multifamily Affordable, and #2 HUD Multifamily Refinance.
Rent Assisted Properties (Section 8)
Interest Rate & Term
Prepayment
• 87% loan-to-value (80% if cash-out)
• 1.15x DSCR with 7% vacancy
• Statutory mortgage limitation (per unit)
• 90% loan-to-value (80% if cash-out)
• 1.11x DSCR with 5% vacancy
• Statutory mortgage limitation (per unit)
• 90% loan-to-value (80% if cash-out)
• 1.11x DSCR with 3% vacancy
• Statutory mortgage limitation (per unit)
• 35-year, fixed-rate financing
• Ability to modify interest rate during term
• Flexible 10-year prepayment structure