Financing and lending
HUD Section 223(f) is an FHA mortgage insurance program for the purchase or refinancing of existing multifamily housing that has at least five units and was completed or substantially rehabilitated at least three years earlier.
Owners use 223(f) to refinance or buy stabilized apartment properties with HUD-insured debt. Properties that need substantial rehabilitation are not eligible. A capital needs assessment sets the repair and reserve picture for underwriting.
Source: hud.gov
Related Calibre serviceCapital Needs AssessmentsTell us about the property and your timeline. We will scope the right report and send a proposal.
