FHA/HUD Loan Programs

M&T Realty Capital Corporation® is one of the nation’s leading firms providing FHA-insured mortgages. As an approved HUD lender, we obtain mortgage insurance through a variety of programs administered by the Federal Housing Administration (FHA) under the supervision of the U.S. Department of Housing and Urban Development (HUD).

Property Types Financed

Multifamily properties with five or more residential rental units, including:

  • Affordable housing
  • Age-restricted
  • Conventional (market-rate)

Residential care facilities, including:

  • Nursing homes / skilled nursing facilities
  • Alzheimer's or memory care!facilities
  • Board and care facilities
    • Rehabilitation facilities
    • Hospitals

Loan Program Features!

Bridge loans typically include the following features. For specific information on this program, please contact us.

Characteristic Terms1

Healthcare

New Construction Rehab or Substantial Rehab

Healthcare

Refinance or Acquisition

 

Multifamily

New Construction Rehab or Substantial Rehab

Multifamily

Refinance or Acquisition

 

Maximum mortgage2,3

New Construction: Least of: 1) 80% of appraised value (75% for ALF’s), including major moveables; or 2) 90% of the HUD estimated replacement cost; or 3) 1.45x debt service coverage. Substantial Rehabilitation: Least of the three criteria above; or 4) 90% of the estimated rehabilitation cost plus the lesser of: a) 90% of the actual purchase price of the property; or b) 90% of the “as is” value before rehabilitation

Refinance: Least of: 1) 100% of eligible cost; 2) 80% of value; or 3) 1.45x Debt Coverage Acquisition: Least of: 1) 85% of cost; 2) 80% of value; or 3) 1.45x Debt Coverage New Construction: Least of: 1) 85% of HUD eligible cost; 2) 1.176x DSCR; 3) statutory mortgage limits Substantial Rehabilitation: Least of: 1) 85% of rehabilitation cost plus “As Is” value; 2) 1.176x DSCR; 3) statutory mortgage limits Refinance: Least of: 1) 85% of value; 2) 1.176x DSCR; 3) statutory mortgage limits; 4) Greater of: a) 100% cost or b) 80% of value Acquisition: Least of: 1) 85% of value; 2) 1.176x DSCR; 3) statutory mortgage limits; 4) 85% of cost

Term

Construction term plus 40-year permanent loan Up to 35 years Construction term plus 40-year permanent loan Up to 35 years
Amortization

 

     

HealthcareMaximum mortgage2,3

Fully amortizing Fully amortizing Fully amortizing Fully amortizing
Rate type Fixed Fixed Fixed Fixed
Green MIP Reduction available? No No Yes, for qualifying properties Yes, for qualifying properties


1 All loans and all terms referenced herein are subject to receipt of a completed application, credit approval and other conditions.

2 Large loans (>$75 million) may differ.

3 Higher for non-profits

Get Started

Contact M&T Realty Capital Corporation to help.

Our program managers can talk through yourneeds to find options that work for you.

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