Apartment Construction Lender - FHA - Fannie Mae and Freddie Mac Multifamily Housing Finance

Apartment Lender: Apartment Loan Rates decline Treasury Rally yester...

2011-12-29T05:46:00.000-08:00

Apartment Lender: Apartment Loan Rates decline Treasury Rally yester...: Treasury Aces .91% 5 yr 1.41% 7 yr 1.91% 10 yr 2.91% 30 yr Apartment Loan Rates Indicated by treasuries

FHA 223(f) FHA 221(d)(4) FHA 232 LEAN FHA 242

2010-03-26T19:26:00.001-07:00

FHA 221D4, FHA 223 F Apartment and FHA 232 LEAN Healthcare Loans

www.FHAAPARTMENTLENDER.COM

Apartment Lender News FHA Proposed Changes to FHA 223(f) and FHA 221(d)(4) Loan Underwriting

2010-03-05T06:05:00.000-08:00

FHA 221(d)(4) Market Rate Loans now maximum loan to value is 83.5% and Debt Service Coverage is 1.20 to 1. For more information on these changes go www.kendallrealtyadvisors.com

FHA 221(d) New Construction Rates

2009-09-23T06:03:00.000-07:00

FHA 221(d) New Construction Rates have been very close to 6% plus .45% MIP. This is a big improvement from averaging about 7% last year.

FHA 221(d)(4) Apartment Construction Loans

2009-05-25T11:32:00.001-07:00

GNMA Rates for apartment construction loans continue to run in the high 6% plus 45 basis points MIP, leaving FHA 221(d)(4) construction loans in the low 7% range all in.

FHA is currently encouraging affordable housing developments and market rate apartments in strong markets.

FHA 223(f) and 232/223(f) rates for refinances are much lower at 5.85% including MIP last week

Apartment Loans

2009-04-24T12:01:00.000-07:00

FHA New Construction Loans Rates are in the high six percent range.

Affordable Housing Deals are more likely to be approved unless the rental market is very strong in the area of the proposed transactions.

Union Labor Pension Fund Debt GNMA

2009-03-17T10:40:00.001-07:00

In some cases we can lower your debt cost if we work with a Union Labor Pension Fund to purchase the GNMA C.O. and the developer uses all union labor to build the property.

Its a win win for the owner and the labor, Economic Stimulus the old fashion way "From the workers on up"

Check out FHA 221(d)(4) for your next apartment development.

Non- Profit Co-Development Partnerships

2009-03-11T16:58:00.000-07:00

Kendall Realty Advisors is once again financing apartments for non-profit owners and developers. Now that interest rates and values have come down to more reasonable levels our non-profit clients are purchasing and co-developing affordable apartment developments.

Please contact us if you are interested in selling your apartment building or co-developing affordable housing with our national non-profit affordable housing clients.

Most transactions qualify unless they are in very exclusive areas with expensive land and developments.

FHA 221(d)(4) Apartment Construction Loans FHA 221D4

2009-03-10T06:08:00.000-07:00

The top apartment lending program available today is the FHA 221D4 program.

90% loan to cost

1.11 to 1 debt service coverage

40 years plus construction loan term

Non-recourse

Assumable

Check out the best lending program available today the FHA 221D4 new construction apartments.

GNMA MBS RATES FHA 232 221d4 223(f)

2009-03-07T18:41:00.001-08:00

This is the link to the MBA recommendation for the purchase of FHA C.O. Loans due to the widening spread between permanent loans and construction loans (C.O.s) see link to MBA Letter.

http://www.mbaa.org/files/AU/IssueBriefs/GinnieMaeConstructionLoanSecuritiesIssuesBrief.pdf

KENDALL REALTY ADVISORS GRAND OPENING

2009-03-07T06:38:00.000-08:00

Charles Kendall is pleased to announce the opening of Kendall Realty Advisors, a correspondent for one of the largest FHA and Agency lenders in the USA.

We offer apartment construction loans using the FHA 221(d)(4) program which can lend up 90% of cost using a fixed rate construction and permanent loan with a 40 year permanent loan term.

The loans are underwritten with a minimum debt service of coverage 1.11 to 1 or (90% of N.O.I.) using the fixed rate GNMA note amount and a curtail based on a 40 year term.

The FHA 221(d)(4) program loan is based on the lower of three test:

1. Debt Service Mortgage = N.O.I. X 90% / mortgage constant
2. Cost Mortgage = Costs X 90%
3. Statutory Limits - (The statutory limits are normally not exceeded unless the development is targeting very high end renters by using high cost construction materials and build-outs.)

NEW CONSTRUCTION WAIVERS NOW AVAILABLE FOR "C.O. BUILDING" FOR FOLLOWING YEARS 2005 - 2006 -2007 -2008 new refinance waivers for buildings under EMERGENCY FHA Mortgagee Letter.