LSG Lending Advisors has long-term relationships with FHA/HUD and Agency approved lenders. The rates below are for informational use only. LSG Lending Advisors can provide term sheets reflecting the current interest rate with the appropriate documentation.
*Rates updated as of 4/8/2024
Fannie Mae Multifamily Apartments
5,7,10,12,15,18-year fixed rate amortized over 30 years (interest only options available)
5.45% to 7.15% depending on LTV, DSCR, and loan size -- may vary depending on property location, economic conditions, exposure, and other variables that may negatively influence risk. Loan programs and program guidelines (including, without limit, fees, rates, and features) are subject to change.
FHA/HUD 221(d)(4) New Construction or
Substantial Rehabilitation for Multifamily Apartments
| TERM |
AMORT |
LTC |
DSCR |
RATE |
| 40 |
40 |
85% |
1.176x |
6.25% to 6.45% |
FHA/HUD 232 New Construction or
Substantial Rehabilitation Loan Program for Healthcare Properties
| TERM |
AMORT |
LTC |
DSCR |
RATE |
| 40 |
40 |
85% |
1.176x |
6.35% to 6.55% |
FHA/HUD 223(f) Purchase or Refinance of Existing
Multifamily Properties Insured Currently with HUD or Other Debt Sources
| TERM |
AMORT |
LTC |
DSCR |
RATE |
| 35 |
35 |
85% |
1.176x |
5.80% to 6.00% |
FHA/HUD 223(a)(7) Streamline Refinance for
Multifamily and Healthcare properties with current FHA insured loans
| TERM |
AMORT |
LTC |
DSCR |
RATE |
| 35 |
35 |
85% |
1.176x |
5.80% to 6.00% |
FHA/HUD 232/223(f) Refinance or
Purchase of Healthcare Properties
| TERM |
AMORT |
LTC |
DSCR |
RATE |
| 35 |
35 |
85% |
1.176x |
5.90% to 6.10% |
Mortgage Insurance Premium (MIP) (not included in rates above)
| FHA Loan |
223(f) |
223(a)(7) |
213(cooperative) |
221(d)(4) |
232/223(f) |
| Market Rate MIP |
0.60 |
0.50 |
0.70 |
0.65 |
0.65 |
| "Green" MIP |
0.25 |
0.25 |
N/A |
0.25 |
0.25 |
| Affordable MIP |
0.35 |
0.35 |
0.35 |
0.35 |
0.45 |
| Broadly Affordable MIP |
0.25 |
0.25 |
0.25 |
0.25 |
0.45 |
*Affordable MIP requires between 10% and 90% of units at LIHTC (or similar) restriction recorded for 15 years post-closing or Section 8
*Broadly Affordable MIP requires more than 50% of units at LIHTC (or similar) restriction recorded for 15 years post-closing or Section 8
*Interest rates and programs are subject to change without notice. This is not a commitment to lend. Apartment loan refinance and purchase availability -- including LTV, DSCR, and loan size -- may vary depending on property location, economic conditions, exposure, and other variables that may negatively influence risk. Loan programs and program guidelines (including, without limit, fees, rates and features) are subject to change. For specific rate quotes based on your property, please contact Andrew LaSalla at 888-235-3102 to discuss what items would be needed to provide a term sheet that itemizes costs and is reflective of the current interest rate.