What is HUD 223(f) used for?

Acquisition or refinance of existing multifamily with long amortization and non-recourse potential — powerful for stabilized apartment assets that meet HUD standards.

Why do HUD loans take longer?

Third-party reports, MAP lender processes, and HUD review add time versus bridge or conventional bank debt. The trade-off is term, leverage, and rate structure on the right asset.

Commercial

Agency Multifamily

HUD 223(f) (Multifamily Refi/Acquisition)

Name: Elite Fundings — California Mortgage Team
Address: 552 E Badillo St, Covina, CA, 91723, US
Telephone: (626) 833-7449
Price range: $$

FHA-insured 35-year fully-amortizing loan for existing multifamily.

Available throughout Southern California through Francisco Williams, CCIM, NMLS #1858674.

Apply for this program (626) 833-7449

Ideal borrower

Long-term multifamily holders.

Program highlights

35-year fully-amortizing
Non-recourse
Up to 85% LTV

Typical uses

Long-hold multifamily refi

Frequently asked questions

What is HUD 223(f) used for?: Acquisition or refinance of existing multifamily with long amortization and non-recourse potential — powerful for stabilized apartment assets that meet HUD standards.
Why do HUD loans take longer?: Third-party reports, MAP lender processes, and HUD review add time versus bridge or conventional bank debt. The trade-off is term, leverage, and rate structure on the right asset.

Program details shown are representative guidelines and subject to individual lender overlays and CFPB / agency requirements. Rates shown are illustrative and subject to change without notice. Actual rate, APR, and terms will depend on creditworthiness, loan-to-value, property type, occupancy, loan amount, loan program, and other factors. Not all applicants will qualify.