Multi-Family Equity Program for New Construction Projects Equity is available to assist developers with down payments on Construction or Major Rehab Multi-Family projects. The equity infusion will NOT affect debt ratio, and works especially well with the HUD program (221d is best).
$500,000 to $7.5M Equity
v Multi/Student/Senior Housing
v Must be Non-recourse First
v NC, SC, TN, GA
v Other states case by case
v Funds available at closing
v Checkbook control
v Prep work and lender approval responsibility of Developer
v Equity Split based on percentage of Equity invested
v Able to move quickly
v Detailed Plans/Specs/Material list required to quote
No Prepay – Loan/Equity can be paid off early
Equity/HUD/Commercial Funding
40 Year Amortization
To 99% LTC w/Equity
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