Financing Partners:

Construction & Permanent Lenders

The information below is based solely on information provided to Novogradac & Company LLP by the contact person. To be included in this list, please contact cpas@novoco.com.

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Lender Name / Contact Person Loan Type Current Rate Fees & Points Loan Term DSCR /
LTV Ratio

AFL-CIO Housing Investment Trust
Stephanie Wiggins

202.331.8055
202.822.9383

Const./Perm./ Fwd.

1.65-2.10% OT 2-2.5% OT

Varies

10-30 Yrs.

1.10

90%

American Mortgage Acceptance Corp.
Bill Hyman

212.317.5700
212.751.3550

Const./Perm./Bridge Taxable

FNMA-Based

1%-2% Total

30/18/24 Mo. Const..

1.1


90%, 95%, Bridge

Amerisphere Mortgage Finance, LLC

303.832.2721
303.832.2840

HUD/FHA--New Construction/Rehabilitation and Permanent Loans

Varies

Varies

Up to 40 yrs.

1.11/90%

Arbor Commercial Mortgage, LLC.
Matt Norman FNMA
Joseph Donovan FHA

214.559.7140
214.559.7171

617.619.7309 617.557.0109

FNMA DUS/Perm./Fwd.
TE/Taxable Bonds
FHA New Const.

Variable/Fixed/
FNMA/FHA/
Treasury Based or Bond Based

1%-2%

10-30 FNMA; 40 FHA

1.11-1.20

75%-90%

ARCS
Commercial Mortgage
Keeley Kirkendall

541.482.8054

FHA/FNMA DUS/Freddie/Taxable/TE/Const.

Variable/Fixed Rate

1%

5-30 Yrs. 

1.15/1.20 xmin

90% max.

Bank of America
Lindy Hahn


415.622.1010
415.953.0888

Const./ FNMA/TE/Bridge/Equity/LIHTC/NMTC/HTC/Loan Terms/Multifamily/For Sale

Variable/Fixed

Varies

Up to 36 Mo.; Up to 36 Yrs.  

Varies

80%-90%

Boston Capital Finance
Bill Fazzano
Sean Curry

617.624.8711
617.523.8999

Const./Perm.

Fixed

Varies

2 Yrs. Const.;
18 Yrs. Perm.;
30 Yrs. Amort.

1.15 min.

85% max.

CA Housing Finance Agency
Laura Whittall-Scherfee

916.322.5123
916.327.5115

Perm./TE/Const.

5.00%-5.05%/ Variable/Fixed

Varies

Up to 40 Yrs.

1.10

80%-90%

Centerline Capital Group
Justin Ginsberg

212.521.6369
212.593.5794

TE/Const./Perm./Taxable/FNMA DUS/Freddie

Variable/Fixed

Varies

Min. 10-Comp. Period +3

5/30

1.20-
1.25

80%-90% max.

Citi Community Capital
Steven Fayne

415.627.6474
415.445.9965

Immediate Fundings and Fwd. Commitments

Variable/Fixed

Varies

Up to 36 Mo.; Up to 30 Yrs.

1.15 

Up to 90%

Citizens Union Bank
Billie Wade
Brad Snider
Steve Hornback
Tammy Thomas

866.633.4450
502.647.5151

Const./Perm./TE

Variable/Fixed

1%-2%

2 Yrs.; 16 Yrs.; 30 Yr. Amort.

1.10-1.20

80%-90%

CWCapital
Donald King
Ellen Kantrowitz

781.707.9494
781.707.9309

FNMA DUS/FHA/Freddie

Based on Market Conditions

1%-2%

30-40 Year Amort.

1.1

N/A

Grandbridge Real Estate Capital
Phil Melton

972.385.6005
972.385.1938

FNMA DUS/ Freddie Mac/FHA/Perm./Fwd./TE/Taxable

FHA or FNMA Based;
Treasury- or Bond-Based;
Variable and Fixed

Varies

10-40 Yrs.

1.10-1.20

80%-90%

Davis-Penn Mortgage Co.
Ray Landry
Carl Ogden

218.481.2400
218.481.3250

Const./Perm.; 221(d)4 & 223(f)

Fixed

2% Origination

35-40 Yrs.

221(d)4: 1.10
223(f): 1.15

221(d)4: 90%
223(f): 85%

Deutsche Bank Berkshire Mortgage
Jeff Day
Greg Geleka
Steve Wendel

800.432.3806
949.754.6300

877.523.7722
617.556.1507

617.556.8138
617.556.8170

Multifamily Perm.
Loans
Credit Enhancements
Fwd. Comm. Mezzanine Bridge Perm./LIHC Fwd./LIHC/Tax-Exempt

Variable Fixed Rate FNMA/Freddie Mac
Treasury Based or Bond Based

Varies
OR=1%-2%
OR=1%-2%

10-30 Yrs. 
18-40 Yrs.

1.15 Min.
1.15-1.25

75%-90%
80%-90%

Green Park Financial
David Lacki

415.946.8866
415.358.5536

Fannie Mae DUS, Tax-Exempt, Conduit

FNMA-Based

Variable

10-30 Years

Typically 1.20

Up to 80%

Greystone Servicing Corp., Inc.
Betsy Vartanian-FHA,
Billy Posey-Fannie Mae,
Steve Germano-Bridge

540.341.2100/
540.341.2121

301.656.6543 /
301.656.6299

Fannie Mae and FHA Programs, Taxable and Tax Exempt, Bond Credit Enhancement

Treasury Based

Varies

5-30 years
Fannie Mae, 35-40 years FHA

1.11 minimum

75%-90%

Kasper Mortgage Capital
Tom Kasper

804.285.3900
804.285.3977

FNMA DUS/TE/Taxable

Variable/Fixed/FNMA-Based

1%-2%

18-30 Yrs.

1.10 x mins.

90% max

KeyBank/Key Global Capital
Clarke B. Jones
Bob Deaner

214.750.0909
214.373.9606

916.944.4080
916.944.4113

Const.+L/C
Perm.
Fwd. Rt. Lk,
Tax-Exempt
Fixed Rate, FNMA, FhLMC, FHA

Variable
Fixed Rate
FNMA, FhLMC and FHA

1%-3%

18-36 Mos.
15-18 Yr. term
30/40 Yr. Amrt.

1.15-1.20

80%-90%

Lancaster Pollard Mortgage Company
Scott L. Moore /
Nick Gesue

614.224.8804
614.224.8805

HUD/FHA/USDA New Construction/ Rehabilitation and Permanent Loans/TE bonds

Treasury Based Fixed Rate (subject to market)

1-3%

Up to 40 Yrs.

> or = 1.05

< or = 95%

Massachusetts Housing Partnership
David P. Rockwell

617.330.9955
617.330.1919

Perm.
(MA only)

Highly Competitive Fixed Rates
 

1% to 1.5%

Up to 20 Years
30 Year Amrt.

1.10

85% max.

MMA Financial
Chris Tawa


202.777.0906
202.466.5273

Freddie/FNMA DUS/Bond/Const./Fwd./Private Placement
 

Treasury-Based

1%

18-40 Yrs.

1.15-1.25

80%-90%

PNC Multifamily Capital
Mark S. Ragsdale

415. 733.1533
415.733-1555

Const/Perm/TE//Taxable/Private Placing

FNMA/Fixed/FHA SWAP/Freddit/Treasury-Based

Varies

12-36 Mo. or Up to 40 Yrs.

1.10-1.20

80%-90%

Prudential Huntoon Paige Associates, Limited
Marie Head

800.852.2834
303.925.1636

HUD/FHA New Construction/ Rehabilitation and Permanent Loans

n/a

Varies

Up to 40 years

1.11

90%

Prudential Mortgage Capital Company
Paige Warren

703.610.1340
703.610.1405

Acq/Rehab./New Const./FNMA/Freddie/Mezz./Bridge

Variable/Fixed

Varies

18-33 Yrs. 

Up to 40-Yr. Amort.

1.15-1.25

90%

RBC Capital Markets
Bob Spangler

212.703.6219
212.703.6379

Tax Exempt Bond Financing

Variable/Fixed

Varies

10-30 Yrs.

1.15+

75%-
90%

Raymond James
Steve McCarthy

800.438.8088
727.567.8790

Const./Perm.

Variable/Fixed

Varies

2 Yrs.

Up to 20 Yrs.

1.15

90%

Red Capital Group
Tracy Peters

614.857.1656
614.857.9758

Const./Perm./FNMA DUS/FHA 221(d), 223(f)

Variable/Fixed

1%-2%

Up to 30 Mo.;
Up to 40 Yrs.

As low as 1.10x

Up to 97%

Red Stone Partners
Jim Gillespie

212.297.1800
212.277.6433

Const./Perm./TE/Mezz./FHA Program

Variable/Fixed

Varies

30-40 Yr. Amort.

1.10- 1.20

90%

Sutter Securities, Inc.
Jerry Yoachum

415.362.0706
415.981.2003

Tax-Exempt Bond Financing

Tax-Exempt Rate

Varies

10-30 Yrs.

1.15-1.30

75%-90%

Stearns Bank N.A.
Jeff Bruns
Dave Feriancek

800.320.7262
320.258.4845

Const./Perm.

Variable/Fixed

Varies/1%

Up to 24 Mo.
15/30 Yrs.

None/ 
1.15

75%-100%/Up to 90%

US Bank
Donna Kelley
Jenny Barnes

925.472.5792
925.934.2874

916.552.1857
916.556.4418

Construction/
Perm/LCs/Direct Purchase Tax-exempt

Fixed/Variable

.75-1.75

Up to 30 years

1.15

85%

Wachovia/First Union
Paul Buckland
Pete Ten Eyck
Rick Davis

704.383.9705
704.383.9481
949.260.8077

Const.

LIBOR Based

Varies

24 Mo.

N/A

N/A

Washington Mutual Bank
Don Brewer

206.500.4881
206.377.2440

Const./Perm./ TE

Variable/Fixed

Varies

Up to 24 Mo.
Up to 30 Yrs.

1.15

80%

Wells Fargo Bank
Margaret Schrand
John Epstein
Tonya Stockton

415.396.0730
501.866.2587
213.614.2501
415.392.1839

Const./Perm./Bridge/TE/Taxable/L/C's/Credit Enhancements

Variable/Fixed

1%- 2%

12/36 Mo.; 15/30 Yrs.

1.15

80%-85%