Opening of Ace Hardwood Store. Loan provided by Commercial Loan Direct.
Section 241(a) insures mortgages to finance improvements to multifamily rental housing and health care properties with FHA insured first mortgages or HUD-held mortgages.
This program keeps the project competitive, increases the economic life of the property, and provides financing for obsolete equipment. Insured mortgages finance improvements to multifamily properties as well as hospitals.
Insured mortgages under this program can make improvements or additions to multifamily properties or hospitals and/or finance energy conservation improvements. The max LTV of the mortgage must be under 90%.
Owners of a multifamily housing project or facility subject to a mortgage insured or held by HUD.
What Clients Say About Us
Fernando and Leanne are amazing. I had many small businesses that need refinancing over the years. I have met many Brokers and there is always a catch. ALWAYS!… Use them! Once you do you will work with them forever
- Nirav Patel
If you searching for a great experience Commercial Loan Direct is the place. Leanne took care of me and honestly had the greatest experience. She handled all of my needs in a smooth and timely manner listened and addressed any concerns I had about the process and was very patient. I can be quite a handful at times and Leanne was so professional and kind hearted. I'd 100% recommend this company. Thank you again.
- Vincent Arias
We were in unfamiliar territory when it came to refinancing. Commercial Loan Direct streamlined the whole process for us. Leann connected us with lenders that were the right fit for us. The money and time we saved was so worth it. I highly recommend them
- Rita Pisarski
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