Graco Mortgage is certified to arrange financing for both apartment and health-care transactions since 1992. We have the esteemed designation of having both an approved MAP and LEAN Lender which allows us to accelerate the loan process.
The principals have a combined 100 years of experience and have closed over $3 billion in apartment and health-care transactions. We have experience in every facet of financing including acquisitions, new construction, substantial rehabs and tax credit deals.
What separates Graco Mortgage is the time we invest pre-qualifying deals and the management of the process once engaged. There are many key considerations that need to be researched to determine the viability of a new loan request. We carefully evaluate all critical finance and market assumptions so that our clients can make informed decisions.
HUD Program |
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221(d)(3) and 221(d)(4)
Provides mortgage insurance for new construction or substantial rehabilitation of rental or cooperative multifamily housing. Construction and permanent financing is available with loan to cost up to 90% (100% for non-profits) for a term of 40 years. |
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223(f) for Existing Multifamily Rental Housing
Offers mortgage insurance for the refinance, acquisition or moderate renovation of existing apartments and housing cooperatives. It offers up to 85% loan to value and a 35-year loan term. |
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232 New Construction and Substantial Rehab
Offers mortgage insurance for new construction or substantial rehabilitation of assisted living and skilled nursing facilities. Construction and permanent financing is available at up to 90% loan to value (95% for non-profits) over a 40-year term. |
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232, 223(f) Refinance Offers mortgage insurance for the refinance, acquisition or moderate rehabilitation of existing
health-care facilities. Refinance or acquisition financing is available at up to 85% loan to value (90% for non-profits) over a 35-year term. |
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241(a)
To finance repairs, additions and improvements to facilities with an existing FHA insured first mortgage or HUD-held mortgage. |
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207 for Manufactured Home Parks |
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242 Hospital Mortgage Insurance
For hospital construction and renovation projects, including ancillary facilities, such as garages and medical office buildings. |
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| USDA (538) Programs |
New Construction/Substantial Rehab
To increase the supply of affordable rural rental housing, for low to moderate income tenants, through the use of loan guarantees and partnerships between RHS and approved lenders. |
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Acquisition/Refinance
To increase the supply of affordable rural rental housing, for low to moderate income tenants, through the use of loan guarantees and partnerships between RHS and approved lenders |