Opening of Ace Hardwood Store. Loan provided by Commercial Loan Direct.
HUD provides reinsurance on commercial housing properties whose loans are originated, serviced, and underwritten by Qualifying Participating Entities. Section 542(b) encourages the development for affordable housing projects. HUD's mortgage credit enhancements are utilized to enhance the underwriting and production strengths of Fannie Mae Loans, Freddie Mac Loans, and other qualified Federal, State, and local public financial and housing institutions.
This program helps encourage the production of affordable housing projects. The program provides insurance and reinsurance for commercial housing projects whose mortgages are originated, underwritten, serviced, and disposed of by a QPE and/or its approved lenders.
The QPE and HUD enter into RiskSharing agreements to implement the program. A QPE or its lender, in turn, makes loans to investors, builders, developers, public entities, and private nonprofit corporations or associations.
Eligible borrowers include public entities, investors, developers, builders, and private non-profit corporations or associations may apply to a qualified QPE and/or its lender.
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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