McBride Capital has arranged financing for a 44-unit apartment property in Salem, OR.
Property Type: Apartment/Multi-Family
Location: Salem, OR
Loan Program: HUD 223(f)
Loan Amount: $2,440,000
McBride Capital is pleased to announce the closing of permanent financing for Brooktree Apartments in Salem, OR. Financing was secured via HUD's 223(f) program in conjunction with our correspondent HUD lender.
The HUD 223(f) program currently provides property owners with a 35 year fully amortizing loan at sub 3.5% interest rates. As interest rates continue to rise, assumable, low-interest HUD loans will become even more attractive for potential buyers. HUD 223(f) loans can be assumed for as little as 5 bps.
Please email email@example.com or call 503-624-5800 for information regarding the HUD 223(f) program.