Special Purpose Mortgages
Multifamily Mortgage Loans For Specialty Properties
Affordable Housing Loans
Our special purpose mortgages for affordable housing are available for most types of multifamily affordable housing projects, including garden apartments, mid-rise and high-rise apartments, multifamily new construction and substantial rehabilitation of existing multifamily properties. Forward commitments, Low Income Housing Tax Credits and tax exempt bond credit enhancements are available. Find out more about our Affordable Housing Loans
Seniors Housing Loans
Our special purpose mortgages for Seniors Housing provide multifamily mortgages for existing, stabilized Seniors Housing properties that offer independent living or assisted living, with or without Alzheimer’s care. We offer special purpose mortgages for Seniors Housing insured by HUD, Fannie Mae and Freddie Mac. We also offer bond credit enhancement for non-profits and affordable seniors housing facilities. Find out more about our Special Purpose Mortgages For Seniors Housing Loans
Cooperative Apartment Loans
We offer special purpose mortgages to finance multifamily coop projects that provide competitive financing options for properties in which the residents own the land and buildings through their share of the coop corporation. The cooperative corporation grants occupancy rights to the shareholder occupants through proprietary leases. Contact us to discuss special purpose mortgages for Coop Apartment projects.
Low Income Housing Tax Credits
Our special purpose mortgages for multifamily affordable housing projects can be combined with both 4% and 9% Low Income Housing Tax Credits (LIHTC) to create complete special purpose financing solutions for multifamily affordable housing construction projects. Find out more about financing using Low Income Housing Tax Credits (LIHTC)
Mortgage Loan Case Studies
Provided $9,300,000 Fannie Mae multifamily affordable housing loan for Class C apartments in Houston Texas.
Originated $13,000,000 Fannie Mae apartment loan Texas for Concord at Little York apartments Houston Texas.
Refinanced FHA apartment loan in Arizona with FHA 223a7 for Starrview at Starr Pass in Tuscon Arizona
Special Purpose Mortgages Takeaways
In addition to apartment loans and healthcare mortgages, Apartment Financing America offers several special purpose mortgages guaranteed by Government Sponsored Enterprises.
GSE guaranteed mortgages are always available, regardless of capital market volatility, for property types considered essential to the national interest, including mobile home park loans, multifamily affordable housing loans, low income housing tax credits, seniors housing loans and financing for coop apartments. GSE guarantees reduce the lender’s risk, which allows us to offer more attractive terms and very low mortgage rates.