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  • Cash Out Refinance

    January 24, 2017 admin

    A Cash out Refinance is a great way to provide cash for properties which want to reduce taxes, have partnership issues or require repairs in other properties. Since reaching a low of 12 percent in 2012, cash-out refinance activity has grown steadily to reach nearly 42 percent of refinancings in the third quarter of 2016, according to data from Freddie Mac Link
    Categories :Uncategorized
  • Multifamily Construction

    January 24, 2017 admin

    Multifamily construction activity has increased every year since the end of 2011, when there were about 190,000 units under construction. Contrast that with the current construction level of around 560,000 units, nearly 1.7 times the decade average.(Source: MBA) LINK
    Categories :Uncategorized
  • Carmen Capital refinances and funds repairs for a 202 property in PA

    February 12, 2015 admin

    The Problem: The 202 project has had some difficulty meeting some of their typical operating expenses in the past, primarily due to the large debt service burden. Capital improvements are also becoming necessary as the project is now over 20 years old. The Solution: The partnership turned to Joe Carmen, to utilize FHA’s 223(f) program to provide 35 year, fixed rate financing for the properties. The loan funded repairs, a ...Read More
    Categories :News, Success Story, Uncategorized

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Affordable Housing Manager is an originator for a national mortgage banking firm that is a HUD approved FHA MAP and LEAN lender that originates FHA multifamily loans and FHA health care loans nationwide. This site does not render legal or tax advice, and the information contained in this site should not be regarded as such. Affordable Housing Manager  ©  .  Website development by Flexsin