HUD Eliminates 3-year Wait Period for New Construction and Substantial Rehab

March 20th, 2020
  • New timeline for 223(f) application is “one-month post stabilization”
  • Cash out is possible, subject to LTV limits
  • Refi rates below 3%!

To read specific details released by HUD use these links Housing Notice (HN) and Mortgagee Letter (ML)

X-Caliber is one of the fastest growing licensed HUD and Bridge lending firms in the US, offering all the funding that larger institutions can, while providing white glove, concierge level service. We are a direct lender, not a loan broker. X-Caliber specializes in multifamily housing (new construction, acquisition, and refinance), senior living, assisted living, skilled nursing facilities, as well as hospitals. With our bridge-to-HUD platform, we can also tailor a short-term financial solution to the respond to the individual needs of our clients, on a timeline that works.