Under Section 223(a)(7) of the National Housing Act, the Federal Housing Administration (FHA) provides mortgage insurance to facilitate the refinance and moderate rehabilitation of existing HUD-insured multifamily properties.

The benefits of this program include loan terms of up to 12 years beyond the remaining term of the existing HUD-insured first mortgage, competitive fixed rates, and eligibility for securitization by Ginnie Mae. The loans are non-recourse, allow higher loan-to-cost ratios, and lower debt service coverage than other financing programs.

The unique demands and processes of HUD/ FHA multifamily financing are generously offset by the advantages. PNC ARCS' streamlined internal procedures and staff of FHA dedicated professionals bring greater speed and efficiency to meet the accelerating needs of today's market.

With PNC ARCS' acknowledged leadership in multifamily financing and now the addition of FHA financing for multifamily properties, you can be sure of a fast, smooth, reliable execution from application, through closing, and beyond.

Beyond the benefits of any specific program, PNC ARCS' expertise and unwavering commitment to extraordinary customer service are what set us apart from the rest. And with specialists in affordable housing, senior housing, manufactured housing communities, mezzanine/bridge financing, FHA multifamily, and capital markets, we can help meet your most critical financial and timing needs. No one delivers more.