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Multi-Family Loans - FHA 223(f)

AMAGF can package and place your HUD FHA 223(f) for Multi-Family (apartment) financing requests.

HUD 223(f) apartment loans are available for the acquisition or refinancing of 5+ unit multifamily properties and are a great financing option for borrowers looking for maximum leverage and longer fixed rates and terms. 

There are no income or rent restrictions under Section 223(f) unless otherwise required by a project based HAP contract or other regulatory agreement.

HUD FHA 223(f) insured mortgages are non-recourse with no market, economic or population restrictions


Loan sized above $1 million – no maximum

83.3% LTV for market rate apartments

87% LTV for project based rental assistance

80% Cash Out

Up to 35 year fixed rate terms

1.17 minimum Debt service 

HUD insured mortgages are non-recourse

All 50 states, Puerto Rico, U.S. Virgin Islands and Guam

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