ZFC can assist in funding the acquisition of long-term care facilities, senior living communities, multifamily apartments, affordable housing projects, and hospitals as a lender on FHA-insured loans.
When long-term, non-recourse, fixed interest rate debt is the desired financing alternative; FHA-insured mortgage loans are the perfect choice for meeting such objectives. Additionally, 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.
For those contemplating new construction, consider an FHA-insured construction loan and permanent financing structure. They offer high loan-to-cost ratios, fixed interest rates, and one seamless loan for the construction and permanent financing periods over the next 40 years. While this structure does not suit every financing situation, it remains the most cost-effective (lowest interest cost) alternative to achieve long-term, fixed interest rate, non-recourse construction financing.
This program provides high loan-to-cost, non-recourse, assumable construction and permanent financing for the substantial rehabilitation of existing long-term care facilities, senior living communities, multifamily apartments, affordable housing projects, and hospitals.
Certain situations require interim financing before a permanent FHA-insured loan is put into place. When a short-term loan is required or preferred, Ziegler can help to arrange financing through a variety of channels.
ZFC services loans it originates to ensure the quality of customer service received during the application and closing process continues throughout the term of your loan. Expect personal attention and thorough communication regarding the repayment process as well as any new circumstances that may arise.