Affordable 
FHA has a prohibition on second mortgages secured by real estate. That doesn’t mean that subordinate debt is out of the question. Many affordable housing projects received HOME Loans and other subordinate financing from state and local programs. To refinance these programs, the subordinate lenders must agree to have their loans restructured as cash flow […]
If you are planning a new multifamily development or intend to substantially rehabilitate an existing project, you should call us early in the process. Rockhall has construction experts who can save you time and money throughout the process. FHA has very detailed third party report requirements. If you are ordering a market study, soil borings […]
Rockhall has competitors who do ten times the loan volume that we do. What makes Rockhall the right choice for you? Rockhall has competitive pricing. We sell our GNMA securities to the same Wall Street houses and for the same prices as our much larger competitors. Rockhall personnel have extensive experience with and excellent working […]
Looking solely at US Treasury Security yields to get an idea of commercial mortgage rates can be misleading. FHA commercial mortgages today are priced comparably to what they were last year at this time, and even to what they were in December 2011, despite varying Treasury yields. Today, FHA permanent and new construction mortgages are […]
Some borrowers are put off by the FHA mortgage insurance premium. A good way to do an “apples to apples” analysis of different financing options is to compute the mortgage constant for each. The mortgage constant is the annual debt service cost including principal, interest and mortgage insurance. FHA commercial mortgages have a longer amortization […]
A new municipal bond structure has significantly improved the efficiency of coupling FHA-insured construction loans with tax exempt bonds. Because federal law links 4% low income housing tax credits (“LIHTC”) to the award of municipal bond allocation (“bond cap”), FHA-insured transactions can now access 4% tax credits without assuming the high issuance and debt service […]
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 […]