HUD Financing Options

2 Replies

Hi,

I'm looking into a large multi-family in DC, 20+ units. The building and units are not in good condition. Will likely need around 20K-30K to rehab each unit. 

Wondering what HUD loan options might work in this scenario where I can get a large LTV loan along with a construction loan to rehab and rent out the units.

Thanks.
KB

I did a HUD refi using a 223a7 on my 140+ unit deal. I would encourage you to look at the pro's and cons of using a HUD program.

For my deal lots of compliance, limitation of cash flow, inspections, etc. and it took for ever to actually close. I probably won't do another HUD deal.

Good luck!!