As government and industry leaders convene to discuss the delivery of the targeted affordable housing
, mortgage refinancing will take centre stage as a crucial enabler.
In 2017, PR Mortgage & Investments acquired RICHMAC, a national Freddie Mac Targeted Affordable Housing
Seller/Servicer, Fannie Mae Multifamily Affordable Housing Lender, approved FHA multifamily lender and Ginnie Mae issuer.
Freddie Mac announced "Targeted Affordable Housing
Express" (TAH Express), a new offering designed to provide faster, simpler and cheaper financing for the preservation of smaller, affordable rental properties.
13 January 2014 -- New York-based financial holding company Pillar Financial LLC and Guggenheim Partners LLC affiliate Pillar Multifamily LLC said that it has been approved as both a Freddie Mac Multifamily Program Plus and Targeted Affordable Housing
A national, full-service real estate investment firm specializing in debt and equity finance for multifamily, commercial and healthcare properties, Arbor underwrites a broad range of products including Fannie Mae's Delegated Underwriting and Servicing (DUS) line for individual multifamily loans; fixed rate, forward commitments for qualified Targeted Affordable Housing
properties; FHA loans and structured solutions including bridge loans, note purchases and mezzanine financing.
The Riverside project is the first targeted affordable housing
in Torrington and represents the first time the city worked so closely with a community-based nonprofit.
The announcement follows several significant milestones for Sabal, including the company's recent selection as a Seller/Servicer for Freddie Mac's Targeted Affordable Housing
Express Program and the ongoing, prolific loan origination and servicing volume that has positioned Sabal as one of the top Seller/Servicers for the Freddie Mac Small Balance Loan Program.
* ARCS is the #1 Fannie Mae DUS targeted affordable housing
lender in America.
"We brought together various resources to close the complex deal, including one of the nation's largest non-profit senior housing owner operators, Retirement Housing Foundation, along with Fannie Mae, which funded the loan and enhanced the security under its Targeted Affordable Housing
program," says Santer.