Ask a question – Page 7 – HUD Multifamily Loan Resource Center:

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What are HUD’s “Statutory Limits”?

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What are Prevailing Wages and how does it impact me?

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Can I combine tax credits with HUD?

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Is a HUD loan assumable?

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Is there a prepayment penalty?

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Can I pull cash-out of the property after completion?

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Is a HUD loan easier thank bank financing?

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Do I need to provide financials throughout the process?

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Not for “for-profit” sponsors. The alternative to a Developer’s Fee for “for-profit” groups is “BSPRA” which is covered in another video.

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Recently we have had some borrowers treat the “Concept Meeting”, which is the initial, formal presentation of the deal that we do to HUD, as essentially a selling point to raise capital or proof that HUD has “approved” the deal.

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What are the escrows required?

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Can I syndicate equity? How do I raise capital?

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What markets are good for HUD 221(d)(4) loans?

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What are underwriting requirements?

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Can I combine secondary financing with HUD like PACE?

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How long does it take?

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Do General Contractors need to be approved by HUD?

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Do Third Party Report providers need to be approved by HUD?

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How much cash do I need? Is there a net worth requirement?

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Do I need development experience?

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