Agency Loan Products

CHC is Your Industry Leader in
Multifamily Housing Finance

CHC, in partnership with X-Caliber Capital, now offers loan products from FHA, Fannie Mae, and Freddie Mac.* CHC customers receive concessionary discounts, including the waiver of a customary $5,000 processing fee. With a broader range of solutions, CHC can help you select the best multifamily financing option to meet your objectives.

Exclusive Multifamily Financing Benefits through CHC

  • Processing fees waived for Agency loans.
  • Multifamily portfolio review of maturing debt to identify and analyze your refinancing benefits.
  • Access to interim bridge financing during the Agency application process.
  • Forward rate locks (before HUD loan approval).
Preservation:
No Loan Too Large
  • Operating property acquisition financing up to 95% LTV.
  • Application to closing within 70 days.
  • Efficient and economical transition to 35-40 year fixed-rate permanent financing (can include rehab).
Refinance: 35-year
Low Fixed Rate
  • Refinancing of stabilized market rate, affordable, and rental-assisted multifamily housing at today's* low rate of 3.75% - 4.00%** for 35 years.
  • Useful for projects approaching YR 15 with an intention to re-syndicate. For example, using a HUD 223(f), lock in today's low rates for LIHTC properties in years 11-14. Through a loan assumption and resyndication, the project can complete rehab in YR 15.
Construction to Perm: Ground Up and
Substantial Rehab
  • Replaces the typical long-term bond structure with a 40-year facility while still meeting the 50% rule for 4% LIHTC executions.
  • Low interest and fixed rate. For example, a HUD 221(d)(4) construction to perm loan today* locks in at 4.50% - 4.75%** for 40 years.
  • Longer amortization combined with a lower rate results in more loan proceeds.
  • No ongoing bond issuer fees during loan term.


Contact Us Today

 

(*)Financing provided by Licensed and Experienced FHA/HUD/Fannie Mae/Freddie Mac Lenders

(**) Rates Subject to Change

CHC Loan Products

  • Predevelopment
    Loan TypePredevelopment
    Loan Amounts $250K - $500K*
    Term Up to 36 months
    LTV N/A
    Repayment Monthly Interest Only; Close of Subsequent Loan Funding
    Collateral Unsecured
    Legal Determined by Complexity of Transaction. Paid by Borrower

    To cover feasibility studies, eliminate title impediments, pay for 3rd party studies, etc.

    CHC’s underwriting expertise uses a collaborative approach and provides the flexibility necessary to efficiently close early stage transactions, even when subsidies and financing may not have been fully identified and committed. 

    Call us to learn more at (404) 373-5662.

     * Higher loan amounts considered on a case-by-case basis

  • Acquisition
    Loan TypeAcquisition
    Loan Amounts $250K - $8MM*
    Term Up to 42 months
    LTV Up to 95% for Performing Multifamily Properties
    Repayment Monthly Interest Only
    Collateral 1st Lien Security Interest
    Legal Determined by Complexity of Transaction. Paid by Borrower

    CHC originates predevelopment (unsecured) and early-stage acquisition loans for NeighborWorks® Network developers. With access to reliable, early-stage financing from CHC, our borrowers are able to directly compete with market-rate developers by moving quickly and confidently to acquire vacant land and under-performing and/or operating properties. Our loans have helped developers acquire and preserve some of the only remaining affordable housing units in rapidly gentrifying areas, with many designed to allow residents with special needs to remain in their neighborhood.

    CHC’s underwriting expertise uses a collaborative approach and provides the flexibility necessary to efficiently close early stage transactions, even when subsidies and financing may not have been fully identified and committed. We finance the purchase of vacant land and buildings as well as the purchase of blighted properties that are subsequently demolished or repurposed.

    Call us to learn more at (404) 373-5662.

     * Higher loan amounts considered on a case-by-case basis

  • Construction
    Loan TypeConstruction
    Loan Amounts $250K - $8MM*
    Term Up to 42 months
    LTV Up to 95% with Subsidy in Place; Up to 90% for Single Family
    Repayment Monthly Interest Only
    Collateral 1st Lien Security Interest
    Legal Determined by Complexity of Transaction. Paid by Borrower

    CHC specializes in single family (scattered site and subdivisions) and multifamily construction lending with an expertise that allows for a faster, more efficient process. For example, CHC’s in-house construction administration enables us to offer flexible draw schedules (even weekly or as draws need to be adjusted) throughout the development cycle. This flexibility allows our borrowers to hire smaller, local construction companies that would normally struggle waiting to be paid on longer payment schedules. CHC’s borrowers can proceed confidently knowing that financing is in place, further reducing costs with more predictable and efficient construction workflows.

    CHC can help you determine the best mix of financing for your project. Call us to learn more at (404) 373-5662.

    * Higher loan amounts considered on a case-by-case basis

  • Bridge
    Loan TypeBridge
    Loan Amounts $250K - $8MM*
    Term Up to 48 months
    LTV Up to 90%
    Repayment Monthly Interest Only
    Collateral Determined on a case-by-case basis
    Legal Determined by Complexity of Transaction. Paid by Borrower

    CHC’s bridge financing assists NeighborWorks organizations in meeting the liquidity needs associated with financing gaps. These gaps are often caused by timing issues related to the receipt of public subsidies or other committed funds. Given the nature of these gaps, CHC accepts alternative forms of collateral to secure bridge loans. 

    Do you have questions? We’re here to help. Call us at (404) 373-5662.

    * Higher loan amounts considered on a case-by-case basis

  • Multifamily Acquisition Lines of Credit - Revolving
    Loan TypeMultifamily Acquisition Lines of Credit - Revolving
    Loan Amounts $500K - $8MM*
    Term Up to 48 months (tranches limited to 36 months)
    LTV Up to 95% for Performing Multifamily Properties
    Repayment Monthly Interest Only
    Collateral 1st Lien Security Interest
    Legal Determined by Complexity of Transaction. Paid by Borrower

    CHC offers revolving lines of credit (LOC) to high capacity NeighborWorks® developers for the purchase of operating multifamily properties. This product alleviates the need to underwrite each individual transaction, saving money and allowing expedited closings. With LTV’s up to 95% and pre-approval, CHC’s multifamily acquisition LOC effectively removes any financing contingency, making purchase offers more competitive against private sector developers and cash purchasers.

    Call us to learn more at (404) 373-5662.

    * Higher loan amounts considered on a case-by-case basis

  • Mini-Perm
    Loan TypeMini-Perm
    Purpose Acquire and Stabilize Multifamily Housing
    Loan Amounts $250K - $7MM*
    Term 5-7 Years
    LTV Up to 95% (stabilized value)
    Repayment Monthly Principal and Interest Payment based on 30-year Amortization
    Collateral 1st Lien Security Interest
    Debt Service Coverage 1.15:1 or better
    Legal Determined by Complexity of Transaction. Paid by Borrower

    A mini-perm loan is essentially a bridge loan that allows a borrower to refinance acquisition/construction/rehabilitation debt prior to securing long-term permanent financing. CHC’s Mini-Perm loan program is ideal for acquiring and stabilizing a property for a period of 5 to 7 years, with amortizing schedules up to 30 years.

    Call us to learn more at (404) 373-5662.

    * Higher loan amounts considered on a case-by-case basis

  • Permanent Financing
    Loan TypePermanent Immediate Funding
    Purpose Preserve Multifamily Properties Long-Term, Fixed-rate Loan > 20 units
    Loan Amounts $500K - $7MM*
    Term 5-30 Years
    LTV Up to 85% (stabilized value)***
    Repayment Monthly Principal and Interest; 15-year Lockout or Yield Maintenance
    Collateral 1st Lien Security Interest
    Debt Service Coverage 1.15:1 or better
    Legal Determined by Complexity of Transaction. Paid by Borrower

    CHC's Permanent Multifamily loan program was created to provide long-term, fixed-rate mortgages with repayment terms from 10-30 years and amortization schedules up to 30 years. CHC’s permanent financing is often used in conjunction with CHC’s construction loans with an easy conversion to permanent. CHC’s flexible capital can solve a wide variety of complex development challenges and we can finance up to 85% of the stabilized value.

    Call us at (404) 373-5662 to discuss your options including potential pricing, leverage and timing.

    * Higher loan amounts considered on a case-by-case basis

  • Forward Commitment
    Loan TypeForward Commitment
    Purpose Take-out for LIHTC Properties > 20 Units
    Loan Amounts $500K - $7MM
    Term 5-30 Years
    LTV Up to 80% (hard debt)***
    Repayment Monthly Principal and Interest; 15-year Lockout or Yield Maintenance
    Collateral 1st Lien Security Interest
    Debt Service Coverage 1.20:1
    Legal Determined by Complexity of Transaction. Paid by Borrower

    CHC provides forward commitments for LIHTC funded multifamily projects. This loan product gives the developer and the equity provider assurance that take-out financing is in place. Commitments can be for a period of up to 24 months.

    Do you have questions? We’re here to help. Call us at (404) 373-5662.

    * Higher loan amounts considered on a case-by-case basis

  • Agency Multifamily
    CHC provides the Interim Financing often needed to acquire, rehabilitate, and stabilize the property prior to placing longer-term debt. CHC is your one-stop-shop for multifamily financing. Reach out to us to learn more.

    CHC, in partnership with X-Caliber Capital, now offers loan products from FHA, Fannie Mae, and Freddie Mac.* CHC customers receive concessionary discounts, including the waiver of a customary $5,000 processing fee. With a broader range of solutions, CHC can help you select the best multifamily financing option to meet your objectives.

    Learn More about Agency Multifamily Loan Products through Community Housing Capital.

    To learn more about which loan product makes the most sense for your project, speak with one of CHC’s loan officers at (404) 373-5662.

     *All GSE related loan products underwritten and originated by licensed and authorized FHA/HUD lenders

  • Federal Home Loan Bank Atlanta AHP       Competitive Awards

    As a member of the Federal Home Loan Bank Atlanta, CHC sponsors applications for real estate equity awards on behalf of our NeighborWorks® Network borrowers nationwide. As the sponsor to several organizations receiving awards, CHC can help you learn more about the evaluation process and the requirements for a successful application.

    Don’t miss your chance for up to $500,000 in Real Estate Equity Awards. Call us today at (404) 373-5662.

Agency Loan Products

  • Freddie Mac Bridge to Resyndication

    Short-term Financing to Acquire Existing LIHTC Properties to Recapitalize with 4% LIHTCs

    Loan TypeFreddie Mac TAH*
    Term 24 Months with One 6-month Extension
    Amortization N/A
    Max LTV 85%
    Minimum DCR 1.15x
    Interest Rate Interest Only/Floating Rate Bridge
    Rate Lock N/A
    Prepayment 2% (Waived if Bridge is Refinanced with Freddie Mac Perm Loan)
    Assumable Yes
    Fees 1% Origination Fee
    Recourse Non-recourse
    Minimum Loan Amount $1 MM

     *All GSE related loan products underwritten and originated by licensed and authorized FHA/HUD lenders

  • Freddie Mac TAH

    Acquisition or Refinance of Affordable Housing

    Loan TypeFreddie Mac TAH*
    Term Maximum Term of 30 Years
    Amortization Up to 30 years
    Max LTV 80%
    Minimum DCR 1.25x
    Interest Rate Fixed and Variable Options
    Rate Lock Typically 60-day Commitments
    Prepayment Yield Maintenance or Defeasance
    Assumable Yes
    Fees 1% Origination Fee
    Recourse Non-recourse
    Minimum Loan Amount $1 MM

     *All GSE related loan products underwritten and originated by licensed and authorized FHA/HUD lenders

  • Fannie Mae AHP

    Preservation of Affordable Housing

    Loan TypeFannie Mae AHP*
    Term 5-30 Years
    Amortization Up to 30 years
    Max LTV 80%
    Minimum DCR 1.20x
    Interest Rate Fixed and Variable Options
    Rate Lock 30-180 Day Commitments
    Prepayment Yield Maintenance Fee
    Assumable Yes
    Fees 1% Origination Fee
    Recourse Non-recourse
    Minimum Loan Amount $1 MM

     *All GSE related loan products underwritten and originated by licensed and authorized FHA/HUD lenders

  • Fannie Mae ROAR

    Permanent Financing for Properties Requiring Renovations up to $120k/unit

    Loan TypeFannie Mae AHP*
    Term 12-18 Month Rehab Period; 5-30 Year Term
    Amortization Up to 35 years
    Max LTV Up to 90% "as stabilized"
    Minimum DCR 1 .Ox interest only "rehab"
    1.15x-1.2x "as stabilized"
    Interest Rate Fixed and Variable Options
    Rate Lock 30-180 Day Commitments
    Prepayment Yield Maintenance Fee
    Assumable Yes
    Fees 1% Origination Fee
    Recourse Non-recourse
    Minimum Loan Amount $5 MM

     *All GSE related loan products underwritten and originated by licensed and authorized FHA/HUD lenders

  • FHA 221 (d)(4)

    Construction/Substantial Rehabilitation Loan that Converts to Permanent

    Loan TypeFHA 221 (d)(4)*
    Term 40 Years
    Amortization 40 Years
    Max LTV LTC - 87% Affordable
    90% for Section 8
    85% for Market Rate
    Minimum DCR 1.15x Affordable
    1.11x Section 8
    1.176x Market Rate
    Interest Rate Fixed for 40 Years
    Rate Lock Ability to Lock before Issuance of Firm Commitment
    Prepayment Prepayment Penalty
    Assumable Yes
    Fees 3.5% Origination/Placement Fee
    Recourse Non-recourse
    Minimum Loan Amount $3 MM

     *All GSE related loan products underwritten and originated by licensed and authorized FHA/HUD lenders

  • FHA 223(f)

    Acquisition or Refinance of Multifamily Housing

    Loan TypeFHA 223(f)*
    Term 35 Years
    Amortization 35 Years
    Max LTV 87% Affordable
    90% for Section 8
    80% for Cash Out
    85% for Market Rate
    Minimum DCR 1.15x Affordable
    1.11x Section 8
    1.176x Market Rate
    Interest Rate Fixed for 35 Years
    Rate Lock Ability to Lock before Issuance of Firm Commitment
    Prepayment Prepayment Penalty
    Assumable Yes
    Fees 1.0 - 3.5% Origination/Placement Fee
    Recourse Non-recourse
    Minimum Loan Amount $1 MM

     *All GSE related loan products underwritten and originated by licensed and authorized FHA/HUD lenders

Learn More About Us

Loan Products

About Us

Connect With Us

402 E. Howard Avenue
Decatur, GA 30030

Partners

cdfi fund
neighborworks
fhl bank
Back to top