On January 29th 2016, HUD published revisions to its Multifamily Accelerated Process (MAP) Guide. Specifically, the changes impact the underwriting requirements relating to environmental, energy, accessibility, radon, and reserve analysis studies that must be performed during the due diligence stage. The revisions aim to provide more loan dollars for qualified properties through less stringent coverage requirements and higher underwritten loan to value ratios. Borrowers will also be able to include more repairs in a mortgage under section 223(f) due to an increase in the maximum per unit cost of rehabilitation allowed.
Moderated by Bradley Fountain, Director of FHA HUD Services at Partner, a panel of HUD due diligence experts including JR Lephew, LEED GA, Angelique Crews, and energy sustainability expert Tony Liou, will provide an overview of the changes, and their boots on the ground perspective on the impact on HUD opportunities. This webinar will dig into the following changes to due diligence requirements that every HUD lender and borrower should be aware of:
Watch the webinar here.
September 23, 2024
When it comes to PFAS risk and liability, assembling a team of experts is crucial. It is advisable that you rely on the expertise, guidance, and insights of an experienced environmental consultant, a knowledgeable environmental attorney, and a skilled insurance broker familiar with emerging contaminants.
September 16, 2024
Freddie & Fannie Multifamily Radon Testing Downloadable Interactive Map: Download and save to use interactive features. Then, for more info, hover over states and definitions.
August 28, 2024
Recent EPA Ruling About PFAS Has Ramifications for Buyers of Commercial Real Estate. Learn How PFAS Risk Is Assessed and Managed During Acquisition. By By Kathryn Peacock, Steven Luzkow, & […]
