We now have provided over $1.2 billion for the funding of over 24,000 flats in Massachusetts since 1990 and now have supplied more financing that is permanent housing developed with 9 % income tax credits than any other loan provider. With Fannie Mae and FHA multifamily programs in addition to MHP’s direct financing programs, you can expect a range that is wide of solutions to generally meet your requirements.
Fannie Mae Multifamily Reasonably Priced Housing (MAH)
- Fixed price: Quick, reliable execution for brand new construction, acquisition or refinancing with competitive rates of interest for terms between 5-30 years with 30-year amortization. Loan size from $1 million to $50 million or maybe more. Early rate lock up to 3 years available prior to closing on low-income housing income tax credit developments.
- Adjustable price: Quick, reliable execution for brand new construction, purchase or refinancing with a decreased floater and an integrated rate of interest limit for adjustable price mortgages (“ARM”) as much as a 10-year term.