Updated over 2 years ago on . Most recent reply

looking low interest affordable housing (minimum loan amount 5 mill)
Hello BP family
With the interest rates on the rise, I really need to source some FHA affordable housing type loans. Can somebody point me to the correct sources? I spec build apartment complexes and typically keep them. 5 mill minimum loan amounts, plenty of collateral and cash flow. I am somewhat familiar on how to comply with FHA including; managing, reporting, building-new and aging dates of construction. I just lost track of lenders that do those types of loans. These are not voucher type FHA tenants, just income bracket. This is in Texas and some of my locations are kind of rural. Thanks