Harper Capital Partners is a HUD MAP-approved lender. We finance apartment and healthcare properties with FHA-insured debt: fixed rate, non-recourse, and fully amortizing over as long as 40 years.
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Stabilized apartments. Up to 35 years, 1.15 DSCR and 87% loan-to-value for market-rate properties (80% with cash out).
One fixed rate through construction and a 40-year term after it. Up to 87% loan-to-cost for market-rate projects.
Refinance an existing HUD loan into a lower rate, with a term extension of up to 12 years.
Add proceeds to an existing HUD-insured property without refinancing the first mortgage.
Skilled nursing, assisted living and other licensed healthcare facilities.
Bridge, construction and land loans from $20MM to $200MM, closing in 30 to 60 days and structured for a Harper HUD take-out.
Multifamily mortgage insurance premium: 0.25% annually for every multifamily program. Weighing your options? See HUD 223(f) vs. agency vs. bank loans.
Up to 87% of value or cost for market-rate properties, and more for affordable.
Up to 35 years on a 223(f), and 40 years after construction on a 221(d)(4).
The loan pays down in full over its term, with no balloon.
One fixed rate for the full term of the loan.
No personal guarantee beyond standard carve-outs.
A buyer can take over the loan, with HUD approval.
A negotiated lockout or declining penalty, ending by year 10.
A 1.15 minimum for market-rate properties, and 1.11 for affordable.
Our Chief Underwriter has worked in HUD lending since 1988, and our head of compliance and closings has more than 30 years in agency multifamily and healthcare finance. Our COO teaches in the Mortgage Bankers Association's FHA Multifamily Underwriter Training Program.
Origination, underwriting, closing and loan servicing sit under one roof, so the people who size your loan stay with it after closing.
Our loan terms page and FAQ reflect HUD's current standards: 1.15 DSCR, 87% loan-to-value and 0.25% MIP.
We lend across the United States. Our largest markets are Texas, Louisiana, Florida and Connecticut.
What DSCR and LTV does HUD require on a 223(f)? A minimum 1.15 DSCR and up to 87% LTV for market-rate properties, 80% with cash out. More →
What is the HUD MIP now? 0.25% annually for all multifamily programs. More →
Can a newly built property still in lease-up get HUD financing? Yes, through 223(f), once it has a final certificate of occupancy and has hit the required DSCR for one full month. More →
HARPER SPOTLIGHT
HUD-insured debt solutions enable acquisitions, refinances, substantial rehabilitation, and ground-up development. Learn more about the various HUD-insured loan programs.
HARPER SPOTLIGHT
Browse the gallery to see select recent transactions.
