A repeat client, new to HUD (U.S. Department of Housing and Urban Development) reached out to our Reno Team at CommCap to utilize their collective experience in navigating the transaction.
The multi-family property was thoroughly screened by HUD during their vetting process to mitigate risk and ensure success. By utilizing HUD, the borrower was able to obtain the highest leverage available in the marketplace, optimizing their cash-out. The $4,720,000 loan was financed with a 35-year term and 35-year amortization.
Congratulations Shelly, Adam and Daniel!
If you are interested in exploring a HUD-insured loan for your next residential project and would like to work with an experienced commercial mortgage banker, contact us today.
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As your exclusive advisors, CommCap utilizes proprietary systems, market expertise, and years of experience to secure aggressive financing options that best fit your property. Exclusive correspondent and servicing relationships with Life Insurance Company, CMBS, and Agency lenders ensure a broad and in-depth representation of current market conditions. Our team of advisors craft a loan structured to enhance revenue and allow you to focus on increasing cash flow.
We do not list, sell, manage, or lease property. We only arrange financing and are the best at what we do.