BLC combines its FHA and USDA loan programs with our Advisory services to arrive at finance solutions for apartment owners and developers nationwide. We offer many programs that provide up to 90% financing for acquisitions, new construction and substantial rehabs.

In addition to our lending programs, Bedford Lending offers a variety of real estate advisory services including tax credit consulting, historical and new markets tax credit analysis, financial advisory, and HUD preservation analysis. This breadth of options allows us to secure equity sources that fill critical equity gaps, often creating 100% financing.

As a direct lender, we have flexibility and can underwrite on future rents as well as provide rehabilitation financing for properties that have low occupancy and/or suffer from deferred maintenance. We carefully explore all finance options and develop strategies to meet our client's goals.

We have extensive experience in underwriting and funding deals for

  • Distressed/Turnaround Properties
  • Tax Credits
  • Blanket Mortgages
  • Section 8 (HAP Contract) Properties
  • Low Income Housing Tax Credits
  • Rural Affordable Housing
  • Non-Profit Affordable Housing

Construction/Substantial Rehab

Programs Loan Amount LTV Features
HUD 221(d)(4) No Min, No Max 90%-95% 40 year, fixed rate, non-recourse. Allow 10% builders profit credit.
USDA 538 No Min, No Max 90% 40 year, fixed rate, non-recourse.


Acquisition/Refinance

Programs Loan Amount LTV Features
HUD 223(f) No Min, No Max 80-85% Cash out up to 80% of value. 35 year fixed. Allow 7.5% seller financing.
HUD a7 (existing HUD loans) No Min, No Max 80-90% Reduced processing cost, 30-40 year fixed, non-recourse.
HUD 241(a) (existing HUD loans) No Min, No Max 80-90% Second mortgage program.
HAP Contract & Section 8 Min $1,000,000 80-85% Non-recourse, 30 year fixed.
USDA 538 No Min, No Max 90% Non-recourse, 30 year fixed.
Agency Min $1,000,000 80% Cash out, 30 year fixed.

Bedford Lending provided a direct loan to my company to acquire a skilled nursing facility. They are more than a lender; they understand the healthcare business which is key. The loan provided 85% financing and was structured with a 35 year fixed rate, non recourse loan. They combine a friendly and experience staff with their direct loan programs to offer the best solutions in the country."

- Jenna A, Owner
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