FHA Section 223(a)(7) allows existing FHA-insured multifamily loans to be refinanced with a new FHA-insured loan. This streamlined refinance program offers reduced documentation requirements and is typically used when interest rates have declined.
Source: HUD FHA Multifamily Production Reports
| Date | Lender | Location | Amount | Units | Program | Flags |
|---|---|---|---|---|---|---|
| Jul '23 | FIRST AMERICAN CAPITAL GRP | SANTA ANA, CA | $31.6M | 274 | 223(a)(7) Refi | |
| Mar '23 | PNC Bank, N.A. | SAN FRANCISCO, CA | $9.8M | 94 | 223(a)(7) Refi | |
| Oct '22 | FIRST AMERICAN CAPITAL GRP | Seattle, WA | $47.9M | 194 | 223(a)(7) Refi | |
| Oct '22 | Lument | SIDNEY, NY | $2.4M | 41 | 223(a)(7) Refi | |
| Jun '22 | Dwight Capital | ST. PAUL, MN | $11.2M | 50 | 223(a)(7) Refi | |
| Jun '22 | Lument | LOMPOC, CA | $4.9M | 40 | 223(a)(7) Refi | |
| Jun '22 | Merchants Capital Corp. | SCHILLER PARK, IL | $4.2M | 20 | 223(a)(7) Refi | |
| Jun '22 | Merchants Capital Corp. | PARK FOREST, IL | $2.6M | 26 | 223(a)(7) Refi | |
| May '22 | Dwight Capital | LOCKPORT, NY | $9.1M | 164 | 223(a)(7) Refi | |
| May '22 | AGM FINANCIAL SERVICES | Fredrick, MD | $19.0M | 113 | 223(a)(7) Refi |