Well-Kept Secret is Out. Try HUD.
Well over nine months into the pandemic and multi-family housing loan transactions are down and numbers remain flat. Those who are approaching renegotiation time face some tough demands, firstly as they must continue to operate at a basic service level, and secondly as they must work diligently to keep residents safe from the COVID-19 pandemic, with the added challenge of renegotiating a loan.
Yet through it all, there is one multi-family housing lender that is oft forgotten, which has been in the market through thick and thin and has terms and conditions that make the conventional markets pale in comparison. Yet they are getting little traction because most people don't know their terms and conditions, or even who they are: The Department of Housing and Urban Development or HUD.
We're here to help. Contact Cambridge today to get the capital your facility needs to stay ahead of the upcoming housing needs for seniors. We're here for you with sound advice, so call us today at 312-357-1601 to discuss your transaction. To read the whole article, visit our blog, or learn more about all of our services.