Bridge-to-HUD Loan Platform
We believe in providing real tangible support.
Bridge-to-HUD Loan Platform
- Legacy Bank provides acquisition financing for land or existing facilities and will provide predevelopment financings for multifamily construction projects
- Legacy Bank provides conventional construction or redevelopment financing that can be refinanced with an FHA 223(f) loan provided by Legacy Capital upon stabilization
- Max LTC: 60%
- Minimum DSC: 1.25x
- Loan Amounts: Up to $20MM