HUD Overview

HUD insured loan programs are available for both for-profit and non-profit owners/sponsors to acquire, construct, refinance and/or substantially rehabilitate multifamily projects and health care facilities, with terms for loan to value ratio, debt service coverage ratio and fixed interest rates that are generally more favorable than the conventional lending market.  Furthermore, HUD insured loans are non-recourse and may be assumable by a new buyer.

For tax exempt bond transactions, HUD mortgage insurance provides a credit enhancement which results in an AAA rating.