Feb 15, 2023
Mention HUD financing to apartment syndicators a couple years
ago…they would laugh at you. Today, many syndicators are not
laughing. Those adjustable-rate loans need additional capital (like
a fish needs water) from their limited partner investors to
purchase expensive interest rate caps; so numerous syndicators are
exploring different refinancing options. Fannie & Freddie are good
options, but many syndicators are “changing the narrative” to hold
the property longer until the market improves. A HUD loan could be
a better option with a 35-year fixed term and lower debt service
coverage to qualify. Listen to this important discussion on HUD
financing in today’s market.
Are you interested in learning more about how Multifamily
Syndications work? Please visit www.spiadvisory.com to learn
more about Michael Becker’s Real Estate Syndication business with
SPI Advisory LLC.
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