Lender type
HUD/FHA loans, matched to your deal
A HUD/FHA multifamily loan is a mortgage insured by the Federal Housing Administration and originated by an approved lender, used to build, rehabilitate, buy or refinance apartment and healthcare property. The insurance is what makes the loan long-term, fully amortizing and non-recourse. The trade is time and process: the application moves through HUD review, and the loan carries an insurance premium and ongoing compliance. It fits long-hold owners and rarely fits anyone in a hurry.
- 20,000+loan programs screened
- 5–8matches on a typical deal
- Zero upfrontto submit and compare offers
- 1 hourmedian first offer
Who is a HUD/FHA loan actually for?
Owners and developers of apartment communities and healthcare property who intend to hold for a long time and want the longest fixed-rate, fully amortizing, non-recourse debt available. Construction and substantial rehabilitation, acquisition and refinance of existing property, and refinancing of an existing insured loan each have their own program. Borrowers who plan to sell or refinance within a few years, or who need to close quickly, usually find agency or bank debt the better fit.
What do HUD-approved lenders disagree about?
Less on terms, since the programs set most of them, and more on execution: how experienced the lender’s team is with the program, how they estimate the timeline, how they handle the property review and the underwriting narrative, and what they charge to originate. A lender who does this work constantly and one who does it occasionally can deliver very different experiences on the same program, which is why the choice of lender matters even when the loan looks standardized.
How does a HUD loan compare with agency debt?
Agency loans through Fannie Mae and Freddie Mac programs close faster and carry fewer ongoing requirements, but are shorter in term and are not fully amortizing. HUD loans take longer and cost more to originate, but offer the longest term and amortization in the market. Many owners run both options side by side, and a marketplace submission is a practical way to see them together.
How does getting matched actually work?
You describe the deal once — about five minutes — and it is screened against 20,000+ loan programs. Most deals return 5–8 matches, and the median first offer arrives in under an hour. There is Zero upfront; the fee is 0.50–1.00%, paid only at closing.
YieldStack is a commercial mortgage brokerage, not a lender. The rate, the leverage and the credit decision belong to the lenders competing for your deal; our job is making sure the right ones see it at the same time, so the terms you compare are real competition rather than one desk’s appetite.
What do lenders actually look at?
Every program weighs these in its own way — which is the argument for several quoting at once.
- The property type and whether it fits an insured program
- The owner’s hold period and tolerance for process
- The property’s condition and any rehabilitation scope
- The sponsor’s experience and the management in place
- How the timeline fits the deal, especially on an acquisition
Frequently Asked Questions
Does HUD lend the money?
No. An approved lender makes the loan and HUD insures it through the FHA. The insurance is what allows the long term and the non-recourse structure.
Are HUD loans non-recourse?
Yes, with standard carve-outs for fraud and similar bad acts. That is one of the main reasons long-hold owners choose the program.
How long does a HUD loan take?
Longer than any other multifamily execution, because the application moves through HUD review as well as the lender’s. The timeline depends on the program and the property, and an experienced lender will estimate it realistically up front.
Can a HUD loan fund construction?
Yes. One program insures construction and substantial rehabilitation loans that convert to permanent financing on completion, which is why developers planning to hold use it.
Is YieldStack a lender?
No. YieldStack is a commercial mortgage brokerage, not a lender. Every term sheet comes from a lender in the network and is subject to that lender's underwriting.
Does it cost anything to see terms?
No. It costs Zero upfront to submit a deal and review offers; YieldStack's broker fee is 0.50–1.00% of the loan amount and is paid only at closing.
Is financing guaranteed?
No. Every credit decision is made by the lender; YieldStack arranges the introductions and negotiates on the borrower's side, and no loan, rate, or closing is guaranteed.
Where does YieldStack operate?
Nationwide. YieldStack arranges commercial real estate financing nationwide. Every deal is business-purpose commercial financing, and the broker fee is paid only at closing.
One deal.Several lenders.
YieldStack is a commercial mortgage brokerage, not a lender.