As an approved Multifamily Accelerated Processing (MAP) lender, Highland Commercial Mortgage is authorized by HUD to originate, underwrite and close FHA-insured loans through HUD for both for-profit and not-for-profit borrowers. HCM provides its clients with the added advantage of tax-exempt and taxable bond financing capabilities that can be further supported with tax credits and subordinated debt options.
Our experienced originators guide our clients through all of the options and advise on the merits of each. If you have questions about financing a property, give us a call and one of our originators will personally review your project with you.
New Construction or Substantial Rehabilitation HUD Section 221(d)(4)
This program provides non-recourse, assumable construction and permanent financing for new apartments or substantial rehabilitation of existing apartments.
Acquisition or Refinance Loan HUD Section 223(f)
This loan program provides non-recourse, assumable financing for the purchase or refinance of existing multifamily, affordable or age-restricted properties.
Qualified properties are existing and to-be-constructed multifamily rental properties with at least 5 residential units.
Refinance of Existing FHA Insured Loan HUD Section 223(a)(7)
This FHA program allows borrowers with existing FHA insured loans to lower the interest rate, extend the term, fund project repairs and reevaluate the replacement return funding schedule. For-profit and not-for-profit borrowers may apply for FHA mortgage insurance under this program.