Commercial Mortgage Terminology

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Lending Terms Financial Statements Property Types HUD Definitions Lending Terms Cap. Rate The cap rate is shorthand for Capitalization Rate. Often, an 8% Capitalization Rate will be referred to as an “8 Cap.” The Cap. Rate is the expected return … Read More

House Way and Means New Tax Proposals

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From the staff at the MBA (Mortgage Bankers Association)  Summary of Select Provisions in Chairman Camp’s Tax Proposal that Relate to Commercial/Multifamily and Residential Real Estate Finance  February 2014  Introduction On February 26, House Ways and Means Chairman David Camp (R-MI) … Read More

HUD Reorganization

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Many people have asked “What does the HUD multifamily reorganization mean and how will it affect processing?”. We believe that this reorganization was needed and will help improve processing times by streamlining and identifying deals that need to go to … Read More

How FHA Refi/Acquisition loans work

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Explanation Refinance/Acquisition – MAP Loans The FHA/HUD refinance/acquisition program is designed for apartments of more than 5 units. It is conventional financing. FHA insures our mortgages and this results in favorable terms and low rates. Subsidy requirements, affordable housing percentages, … Read More

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