Direct HUD Lender &
Mortgage Banking Firm


Offering Commercial Financing Solutions Nationwide

Founded in 1991, BLC has closed over $3 Billion and is recognized as one of the leading lenders and advisory firms in the country.
Recent Transaction
144 Unit HUD Market Rate New Construction
Recent Transaction
56 Unit HUD 221(d)(4) New Construction Townhomes
Recent Transaction
HUD 232 Healthcare New Construction
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We provide consulting and direct lending services for all product types, nationwide.

Market Rate

Bedford Lending's direct loan programs provide financing for the acquisition, refinance, new construction and substantial rehab of market rate apartment buildings nationwide.

Our programs offer 85-90+% financing and are non-recourse, with 35-40 year fixed rate, fully amortizing terms.

Any apartment style (garden, four-plex, etc.) is viable and no income restrictions are required.

Affordable

Bedford Lending is a recognized leader in developing finance solutions for affordable housing projects throughout the United States.

Our direct HUD programs can be used to fund capital improvements, replenish replacement reserves, and lower interest rates. We have significant RAD, LIHTC, 202, 236, and Section 8 experience nationwide and frequently work on projects that other lenders cannot underwrite.

Healthcare

Bedford Lending’s direct loan programs provide acquisition, refinance, substantial rehab and new construction financing for assisted living, memory care (dementia), skilled nursing, and independent living facilities throughout the country.

We have extensive healthcare experience with all product types and markets, and can provide non-recourse, 35-40 year fixed rate, up to 85% leverage financing for developers nationwide.

Closings

Cash-Out Refinance

• $8,500,000
• 140 Unit Apartment
• 3.5% Fixed Rate
• 35 Year Term

97% Acquisition & Rehab Loan

• $5,700,000 HUD 221(d)(4)
• 72 Unit Apartment Conversion
• Non-Recourse
• 40 Year Fixed Rate

Nursing Home Refinance

• $3,300,000 HUD Loan
• 35 Year Term
• 3.6% Fixed Rate
• $12,000 Monthly Savings

Nursing Home / ALF

• $9,600,000 HUD 232 Loan
• 40 Year Term
• 52 ALF Addition
• Non-Recourse

33 Bed Rehab Facility

• $14,000,000 HUD 232 Loan
• 40 Year Term
• Non-Recourse
• 50 Year Land Lease

83 Unit New Construction

• $9,700,000 HUD Loan
• 40 Year Fixed Rate
• Non-Recourse
• Assumable

200 Unit Apartment - New York

• $30,307,000 HUD Refinance
• Reduced payments by $779,000 per year
• 35 Year Fixed Rate
• Non-Recourse

80 Bed Alzheimers Facility

• $6,200,000 HUD 232 Loan
• 90% LTV
• Non-Recourse
• 40 Year Fixed Rate

90% ALF Financing

• $4,275,000 HUD Loan
• 90% LTV
• Non-Recourse
• 40 Year Fixed Rate

60 Unit Multifamily Refinance

• 35 Year Fixed Rate
• 3.4% Interest
• Non-Recourse
• Assumable

64 Unit HUD 202

• $300,000 in Capital Improvements completed
• Owner received over $40,000 developer's fee
• 35 Year Fixed Rate
• Non-Recourse

Tax Credit Refinance

• $4,200,000
• 35 Year Fixed
• Saved Client $90,000 a year in debt service
• 3.15%

New Construction - Utah

• $10,500,000
• 40 Year Term
• Non Recourse
• Assumable

Assisted Living

• $4,127,000
• Rate reduced from 7.5% to 3.4%
• Amortization went from 15 years to 35 years
• Cash flow improved by over $200,000 a year

Section 8 Acquisition

• 90% Loan to Value
• 35 Year Fixed Rate
• 3.6% Interest
• Assumable

Cash Out Refinance - Texas

• $6,800,000
• 80% Loan to Value
• 30 Year Amortization
• 10 Year Fixed

Blanket Mortgage - Baltimore

• $5,000,000
• $2,000,000 Cash Out
• 3.9%
• 10 Year Fixed

300 Unit Refinance - Michigan

• $4,500,000 - HUD 223(f)
• 35 Year Fixed
• $1,500,000 Cash Out
• 3.2%

Affordable Housing Refinance

• $1,500,000 Loan
• 30 Year Amortization
• 4.1%
• Assumable

Non Profit Acquisition

• 30 Units
• 30 Year Amortization
• 20 Year Fixed Rate
• Assumable

88 Unit New Construction

• $7,100,000
• Non Recourse
• 40 Year Fixed Rate
• Maximized Cash Flow

144 Unit New Construction

• $21,175,000
• 144 Unit Apartment
• 4.1% Interest
• 40 Year Fixed Rate

Market Rate and Workforce Housing - $10,000,000

• 90% New Construction with BSPRA
• 40 Year Term
• Non Recourse
• Condo Blanket