HUD FHA 223(f)
I'm interesting in purchasing an apartment community using this program. I have a property I'm watching that fits it perfectly. I know the government is insuring the loan, but am I using a tradition bank, like a traditional sba loan or am I dealing directly with the government.
Also I know the process is really long so am I using a traditional or bridge lender and using this program as a refi? Is the traditional loans subject to the project qualify with HUD?
I would like to talk to anyone who has done these.
Thanks