Commercial Mortgage Activity picked up as the month ended after a slow start.
We are seeing more Small Apartment Loans , a few FNMA DUS and Freddie Mac loans and several FHA 221(d)(4) loans for apartment new construction loan requests.
FHA 232 Lean activity is still strong, but many deals will not be funded at this point due to the soft market memo issued by FHA for IL, MI, OH, AR, CA and FL.
Hospital loan activity has increased with the new FHA 242/223(f) program and the Build America Bond program for FHA 242 New Hospital Construction for Municipal borrowers.
FHA 223(f) and FHA 232/223(f) rates are under 5% plus MIP. Add over one percent for new construction deals such as FHA 221(d)(4), FHA 232 LEAN and FHA 242.
Commercial Mortgage Chicago
FHA 232 LEAN - FHA 242 - Build Amercia Bonds FHA 242/223 F Hospital Refinance
Saturday, January 30, 2010
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