Non-profit borrowers should refer to the FHA 221d3 Apartment Construction Loan, a nearly identical multifamily construction loan program, except it is for non-profit borrowers.
Multifamily Construction Loans
Apartment Financing America offers a variety of multifamily construction loans that will make your next deal more profitable. Our overarching goal is to provide multifamily construction financing with the lowest multifamily mortgage rates and most favorable terms in the marketplace. With more than four decades of experience placing multifamily construction loans, we have the expertise to make sure the client, the construction project and the construction loans are the best fit. Having placed more than $1 billion in multifamily construction loans across a variety of GSE loan programs, we have amassed tremendous insight into placing the best construction loans available.
We offer project level, entity level and corporate level
multifamily construction financing for a variety of property types. As is the case with a great deal of the multifamily lending market, GSE loan programs offer the most competitive multifamily construction loans available anywhere. And no apartment lenders beat the FHA 221d4 multifamily construction financing. We can originate FHA multifamily construction financing for our clients that offers fully amortizing, non-recourse multifamily construction loans for 40 years at 4.15% fixed rates.
FHA construction financing performs equally well financing substantial rehabilitation projects, at the same low rates and upon the same favorable terms as the construction financing. Whether you need substantial rehabilitation financing or new construction financing, Apartment Financing America has the right construction financing solutions for your next project.
Construction Loan Types
- Multifamily Construction Loans
- Multifamily Renovation Loans
- Hospital Construction Loans
- Affordable Housing Construction
- Manufactured Housing Project
- Seniors Housing Construction
- Nursing Home Construction
- Assisted Living Facility Loans
Review the summary information about the multifamily construction loans we offer below, or click to Request Confidential Loan Quote.
Click For FHA 221d4 Construction Loan Information
| FHA 221d4 APARTMENT CONSTRUCTION LOAN |
| FHA 221d4 apartment construction loans are multifamily construction loans exclusively for for-profit borrowers It and the 221d3 apartment construction loan are the only non-recourse, fixed-rate 40-year construction loans available anywhere. |
| Loan Program |
FHA 221d4 |
| Maximum Loan |
83% of appraisal |
| Maximum Term |
40 years |
| Interest Rate |
Changes daily. Click for rates. |
| Personal Liability |
Non-recourse |
| Eligible Borrowers |
Non-profit borrowers |
| Inspection Fee |
0.5% of loan amount |
| Application Fee |
0.3% of loan amount |
| Click Here for complete details |
Click For FHA 242 Hospital Construction Loan
| FHA 242 HOSPITAL CONSTRUCTION LOANS |
| FHA 242 hospital construction loans are construction loans exclusively for the construction of acute care and critical access hospitals. |
| Loan Program |
FHA 242 |
| Maximum Loan |
83% of appraisal |
| Maximum Term |
40 years |
| Interest Rate |
Changes daily. Click for rates. |
| Personal Liability |
Non-recourse |
| Eligible Borrowers |
Non-profit borrowers |
| Inspection Fee |
0.5% of loan amount |
| Application Fee |
0.3% of loan amount |
| Click for FHA 242 Hospital Construction Loan details |
Need a multifamily construction loan for your next project? We offer the only 40 year non-recourse construction loans in the world.