More than 35 years of experience working with HUD
Greystone offers diverse FHA lending solutions for refinancing, acquisition, rehabilitation, and new construction for both multifamily and healthcare assets.
As a premier Multifamily Accelerated Processing (MAP) and Healthcare LEAN lender, we have a proven track record of providing unparalleled service and expertise to our clients.
- FHA financing options offer competitive rates, flexible prepayment penalties, low debt service, and green-building certified incentives.
- Bridge and mezzanine financing are available for qualified clients while working to secure permanent FHA loans.
- Our strong relationships with HUD and regulatory expertise position us to successfully guide our clients through the complex loan process.
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Insurance Programs
Case Study
THE SITUATION
Our client sought new construction financing to develop a five-story, multifamily development close to the University of Oregon and Eugene’s bustling riverfront scene. The developer envisioned an urban, mass timber residential design focused on environmental sustainability. With Oregon’s traditionally high construction costs, finding a creative financing approach was a top priority for the borrower.
THE SOLUTION
The FHA 221(d)(4) loan was the solution for this project due to its favorable terms and the borrower’s commitment to sustainability. Crosswood Apartments achieved Earth Advantage Platinum Certification, enabling qualification for HUD’s green financing incentives for a reduced Mortgage Insurance Premium (MIP) of 0.25%, saving the borrower significantly in long-term costs.
THE RESULTS
Crosswood Apartments exemplifies sustainable urban development, successfully balancing environmental responsibility with economic feasibility. The asset received three Earth Advantage awards: Innovative Design, Most Certified Units – Multifamily, and Project of the Year.
As a first-time HUD borrower, Greystone’s guidance in the application and financing process played a pivotal role in helping realize our client’s vision. This successful transaction underscores HUD's effectiveness in supporting diverse market-rate multifamily projects within urban settings and provided our client a solid foundation for their innovative initiative.
Click below to learn more about HUD’s Green MIP program advantages and how to qualify.
THE SITUATION
The Healthcare Authority of the City of Anniston, Alabama, doing business as Regional Medical Center (“RMC”), serves as the leading healthcare provider for a five-county area in Northeast Alabama. RMC operates a 463-licensed bed hospital offering a comprehensive range of care services and is designated as a Level III Trauma Center. RMC faced the challenge of managing upcoming debt maturities and sought a long-term financing solution that would allow them to continue delivering essential services while meeting financing obligations.
THE SOLUTION
Greystone structured a HUD-insured FHA LEAN 242 loan to address RMC’s refinancing needs. The loan provided a 25-year maturity, enabling long-term debt service relief and strengthening RMC’s financial position. The refinancing also allowed RMC to repay its existing debt with more favorable terms, providing flexibility for future operational priorities.
THE RESULTS
The refinancing delivered significant financial stability for RMC, enabling the hospital to focus on providing essential health care services to Northeast Alabama. The hospital is now positioned to pursue critical enhancements, such as modernizing equipment, upgrading facilities, and expanding patient care capabilities, ensuring it continues to meet the needs of the growing community. This transaction demonstrates Greystone’s ability to deliver tailored solutions in complex scenarios, supporting healthcare providers in maintaining their vital roles in regional healthcare.
FHA/HUD Loan Program Term Sheets
- FHA HUD Section 223(f) - Acquisition and Refinancing of Multifamily Properties
- FHA HUD Section 223(a)(7) - Refinancing of Properties with Existing FHA-Insured Debt
- FHA HUD Section 221(d)(4) – Construction or Substantial Rehabilitation of Multifamily Properties
- FHA HUD Interest Rate Reduction Loan
- FHA HUD SECTION 232/223(F) - Acquisition and Refinancing of Healthcare Properties
- FHA HUD Section 241(a) - Supplemental Loan to Finance Improvements
- FHA HUD Section 232 - Construction or Substantial Rehabilitation of Healthcare Properties