REFINANCING

When long-term, non-recourse, fixed interest rate financing is the desired financing alternative; FHA-insured debt is the perfect choice for meeting such objectives. Plus, FHA mortgage insurance offers the best available interest rates as a result of the government guarantee of repayment. This commitment to guarantee the repayment of the loan can be used to secure GinnieMae securities or tax-exempt bonds thereby “enhancing” the borrower’s credit.

Preliminary Information Requirements
For a typical refinancing/acquisition transaction, please provide the following for a preliminary loan analysis (as applicable):

• Last 3-years of detailed operating statements including occupancy data
• Budget for upcoming 12-months (note any large variances from historical)
• Last 3-months of rent rolls/occupancy/payor mix
• Property description detailing unit mix and physical characteristics
• Detail on existing debt
• Description of any pending improvements, expansions, or repairs

Term Sheets 

•  REFINANCING FOR-PROFIT  
•  REFINANCING NOT-FOR-PROFIT  
•  HUD 242 REFINANCING AND ACQUISITION 
•  HUD 207/223(F) REFINANCING (OR ACQUISITION) OF EXISTING SECTION 202 LOANS 

 For more information about Ziegler’s FHA/HUD services, please contact one of our experienced team members.