Updated over 11 years ago on . Most recent reply
Down payment
Hey is anybody getting conventional financing, on large multifamily, with less than 25% down? Because thats like 28% with closing cost.
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HUD had a "Mark to Market" program, of government housing going to market.
To my knowledge, large projects are now going to Section 42 Tax Credit programs, check with your state economic development office.
Might check out National Association of Housing and Redevelopment Officials (PHAs, planners, developers, etc) as there are private and public partnerships.
Mixed use projects may also look to the Community Reinvestment Act with commercial banks working in concert with the programs mentioned.
Prudential Commercial RE has been involved as well as other insurance funds in large complexes.
FHA may also participate in condos, I don't know of a particular program in commercial ventures that is similar to residential, like 97% or at a LTV for developments or acquisitions, I don't believe they underwrite/fund commercial now, they may be involved in securitization and the HUD regulatory side. :)