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Financing Programs
Income Producing Properties:
- Apartments
- Retail
- Industrial
- Office
- Medical Office
- Senior Housing
- Manufactured Housing Communities
- Self-Storage
- Hotels
Owner Occupied Properties:
- Industrial
- Office
- Medical Office
- Retail
Amounts: $1,000,000 and up
Rates:
Permanent Loans: Spreads over the yield of the U.S. Treasury bond with a maturity date corresponding to the loan term selected.
Bridge and Interim Loans: Spreads over 30 or 90 day LIBOR. Contact us for current rates.
Terms: 3 to 25 years
Amortization: Up to 30 years
Rate Lock: At application typically
Forward Commitments: Available
Prepayment: Yield Maintenance typically. Declining Percentage also available.
Guaranty: Generally non-recourse[/vc_column_text][/vc_column][vc_column width=”1/3″][vc_column_text]
HUD Insured Loans for Apartments
HUD Insured Loans for Apartments
NorthPoint Capital, L.L.C. is an FHA Approved Title II Multifamily Lender providing permanent and construction loans for apartment properties primarily in the midwest.
NorthPoint Capital is an FHA Approved MAP (Multifamily Accelerated Processing) Lender, which allows us to provide our borrowers with the most efficient processing and approval timeframes available for HUD loans.
There are a number of different HUD loan programs providing refinancing, acquisition financing, financing for new construction, and substantial rehabilitation of existing apartments, senior housing, and other programs. In today’s market, the most commonly used program is the FHA 223(f) and 221(d)(4) programs, which are described below. For information on other HUD programs, please contact NorthPoint Capital personnel.
Through the FHA 223(f) Mortgage Insurance Program, NorthPoint Capital provides long-term, fixed rate, non-recourse financing for acquisition or refinance of existing multifamily rental housing.
Through the 221(d)(4) program, NorthPoint capital provides financing for ground-up new construction and for substantial rehabilitation of existing apartment properties.[/vc_column_text][/vc_column][vc_column width=”1/3″][vc_column_text]
Real Estate Bridge Lending
NorthPoint Capital affiliated companies provide bridge loan financing, on a selective basis, for NorthPoint Capital clients. These loans are designed to enable our borowers to take advantage of unique opportunities for substantial profits that they could not otherwise capitalize on.
NorthPoint Capital internal funding platform delivers fast, efficient, bridge loans from 1 million to 5 million. NPC can assist in arranging bridge loans on an as needed basis. Loan terms are generally 1-2 years, and may be at fixed or floating rates.[/vc_column_text][/vc_column][/vc_row]