“It’s a huge help,” says Jonathan Camps, managing director of production for Washington, D.C.-based Love Funding.
In the past, any loan of at least $15 million, or any deal of more than 150 units, had to go through the FHA’s National Loan Committee. That threshold has been dialed up to $25 million, or 250 units.
What’s more, any existing FHA-insured loan looking to refinance through the Sec. 223(f) program no longer needs to go through either the regional or the national loan committee.
Good news indeed! See the whole article here: FHA Streamlines Multifamily Loan Approvals
