Rockhall Provides $34.8 Million HUD-Insured Loan for New Construction of 228-Unit Multifamily Property in Texas
Rockhall announced it has provided a $34,792,300 loan to finance the new construction of Harbor Urban Center in Rockwall, TX. The loan was originated by Kathryn Thompson of Rockhall’s Dallas office. Harbor Urban Center will provide 228 class-A apartments with waterfront views situated across from the beautiful Lake Hubbard and Rockwall Harbor. The project with […]
Conventional Multifamily Developers: A Fresh Look at the New FHA
In the past, many multifamily developers did not consider FHA a viable option for construction financing. Recent changes have made FHA worthy of a second look. What’s Changed? Before. It wasn’t uncommon for loan applications to sit in limbo until field office staff became available to work on them. HUD seemed overly focused on file […]
When Does An FHA Apartment Loan Make the Most Sense?
If you are looking for an apartment loan, you aren’t alone. Over $130 billion of apartment loans will be originated this year. Major apartment finance options include: FNMA/FHLMC, insured depository institutions (banks, thrifts and credit unions), life insurance companies (and some pension funds), Wall Street conduits and FHA. Each of these programs has its own […]