BLC is a direct HUD 202 lender and consultant that has closed over $3 billion in loans and is the leading 202 specialist in the country. We have funded loans for refinances, acquisitions and improvements. Our direct HUD programs can be used to fund capital improvements, replacement reserves and to add supportive services.
HUD 202 Loan Features
- Very Low Interest Rates
- 35 Year Fixed Rate Term
- Non-recourse
- 15% Developers Fee
- Cash Out to Fund Capital Improvements
There are many legal and financial issues that need to be addressed when evaluating a 202 loan request. Our principals work closely with the client, their management company and board of directors to clearly explain the loan process.
We start each assignment by completing a complimentary detailed analysis to determine the optimal finance structure. Our experience allows us to maximize loan proceeds and developer fees for our clients. Bedford Lending is here to guide you through the entire loan process.
I engaged Bedford Lending to develop a finance strategy for a new expansion. They funded a direct loan that paid off our bank loan and was used to build a 20 unit assisted living wing. The loan was written for 40 years and was non- recourse. Their experience and programs are remarkable. We look forward to working with them on the next project."
© 2009 Bedford Lending. All rights reserved.