$4.2M 207M Loan Approval by HUD

MHProNews has learned that the HUD Multi-Family Staff pre-approves loan for refinancing and rehabilitation, in this case, of the first manufactured home land lease community. The new loan will provide $4.2m in funding from a private lender for a resident owned cooperative located on popular Bainbridge Island in Puget Sound. MHProNews.com featured writer Eddie Hicks was instrumental in the process of obtaining the FHA207m. The under-used program offers 40 year, non-recourse loan program that can be used for a new acquisition and development or communities needing updates and repairs.
(Photo credit: MHProNews)
mas kovach mhpronews shopping with soheyla .jp

Get our ‘read-hot’ industry-leading 

get our ‘read-hot’ industry-leading emailed headline news updates

Scroll to Top