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Commercial HUD loans for apartment complex refinancing are government-backed loans insured by the U.S. Department of Housing and Urban Development (HUD). They help owners of buildings with five or more units get affordable, long-term financing.
Key benefits include:
Low Interest Rates: Fixed and often below market, saving money over time.
Long Repayment Periods: Up to 35 years, which lowers monthly payments and boosts cash flow.
Non-Recourse: Limited personal liability for borrowers.
Loan Assumability: New owners can take over the loan, making the property easier to sell.
Low Down Payment: Requires less upfront equity than conventional loans.
Funding for Improvements: Allows inclusion of renovation costs in the loan.
In short, HUD loans make refinancing apartment complexes more affordable and flexible, while also supporting property upgrades.
Commercial HUD loans for apartment complex refinancing are government-backed loans insured by the U.S. Department of Housing and Urban Development (HUD). They help owners of buildings with five or more units get affordable, long-term financing.
Key benefits include:
Low Interest Rates: Fixed and often below market, saving money over time.
Long Repayment Periods: Up to 35 years, which lowers monthly payments and boosts cash flow.
Non-Recourse: Limited personal liability for borrowers.
Loan Assumability: New owners can take over the loan, making the property easier to sell.
Low Down Payment: Requires less upfront equity than conventional loans.
Funding for Improvements: Allows inclusion of renovation costs in the loan.
In short, HUD loans make refinancing apartment complexes more affordable and flexible, while also supporting property upgrades.