Tap to get financing
HUD 223(f) Loans
Loan information
Loan FactsTerms, Qualifications, and GuidelinesHUD Multifamily LoansRatesCompliance RequirementsLIHTC Pilot ProgramAcquisition LoansRefinance LoansCosts and Fees
About
About UsContact UsLeadershipTeamWe're Hiring
Knowledge Base
HUD 223(f) FAQsGlossary
Application
ChecklistAttorney Closing ChecklistClosing ChecklistFirm Application Checklist
Developers
Third-Party ReportsAppraisal RequirementsEnvironmental AssessmentsMarket StudiesProject Capital Needs AssessmentsSeismic Reports
Get financing
Was This Article Helpful?
Newly Published
Nov 21 at HUD 223(f) Loans
What is Underwriting?
Nov 21 at HUD 223(f) Loans
What are Trended Rents?
Nov 21 at HUD 223(f) Loans
What are Rental Assistance Properties?
Explore the Janover Network
Jan 30 at Commercial Real Estate Loans
Top 5 Markets for Medical Office Investing in 2023
Jan 30 at Multifamily Loans
Multifamily Minute Reader Reflections: How Do You Market Multifamily?
Jan 27 at Multifamily Loans
4 Steps to Increase Your Apartment Building's Occupancy
Last updated on Sep 23, 2022
1 min read

Acquisition Loans

HUD 223(f) Acquisition Loans: Basic facts about HUD 223(f) financing for the acquisition of apartment buildings and multifamily properties.

Apply for a loan in minutes and get multiple quotes today → Get Quotes

HUD 223f Loans for Property Acquisition 

One of the main uses of HUD 223f loans is purchasing existing multifamily properties. Although these loans take longer to originate, they offer borrowers low interest, fixed-rate mortgages for as long as 35 years. When used for acquisition, FHA 223(f) loan parameters include: 

  • Subsidized Properties: (including rental assisted and Section 202 properties)

    • Maximum LTV/Acquisition Cost: 90%

    • Minimum DSCR: 1.11x

  • Affordable Properties:

    • Maximum LTV/Acquisition Cost: 87%

    • Minimum DSCR: 1.15x

  • Market-Rate Properties:

    • Maximum LTV/Acquisition Cost: 85%

    • Minimum DSCR: 1.18x

Despite these maximum limits, HUD 223(f) loans are still constrained by existing statutory per unit limits, and loans cannot exceed 100% of mortgageable transaction costs minus any portion of applicable public loans, grants, and tax credits.

Getting commercial property financing should be easy.⁠ Now it is.

Click below for a free, no obligation quote and to learn more about your loan options.

Get financing →
Janover logo

HUD 223(f) Loans is a Janover company. Please visit some of our family of sites at: Multifamily Loans, Multifamily Today, Commercial Real Estate Loans, SBA7a Loans, CMBS Loans, Apartment Loans, HUD Loans, HUD 221d4 Loan, HUD 232 Loan, HUD 223f Loan, HUD 223a7 Loan, SBA Express Loans, SBA 504 Loans, and OpportunityZones Help.

Janover Inc.

6401 Congress Ave
Ste 250
Boca Raton FL 33487

hello@hud223f.loans

Site Information

Privacy Policy
Terms of Use

This website is owned by a private company that offers business advice, information and other services related to multifamily, commercial real estate, and business financing. We have no affiliation with any government agency and are not a lender. We are a technology company that uses software and experience to bring lenders and borrowers together. By using this website, you agree to our use of cookies, our Terms of Use and our Privacy Policy. We use cookies to provide you with a great experience and to help our website run effectively.

Freddie Mac® and Optigo® are registered trademarks of Freddie Mac. Fannie Mae® is a registered trademark of Fannie Mae. We are not affiliated with the Department of Housing and Urban Development (HUD), Federal Housing Administration (FHA), Freddie Mac or Fannie Mae.

Copyright © 2022 Janover Inc. All rights reserved.