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Multi-Family and Apartment Investing

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108
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Ron Steele
  • Birmingham, AL
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108
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HUD FHA 223(f)

Ron Steele
  • Birmingham, AL
Posted Jun 4 2014, 14:52

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

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