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Making The Most Of HUD’s New MAP CNA E-Tool

Streamlines transactions and HUD underwriting process

Department of Housing and Urban Development (HUD) multifamily projects are some of the most cautiously vetted in the commercial real estate industry. Their fixed-rate, fully-amortized, non-recourse loans offer some of the lowest interest rates in the business, but are underwritten twice – by HUD and the specific lender of interest. As a result, there are usually only a handful  defaults per year. Even so, HUD has been searching for ways to streamline its underwriting process to reduce waste and inefficiency by eliminating unnecessary paperwork while still providing a higher level of underwriting detail, including environmental and physical property assessments, and higher quality reports (which further lower the risk of default).

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