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.
You are probably going to need to go with a portfolio lender. Talk to @Upen Patel
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.