[Salt Lake City, 07/05/2017] – The Utah-based mortgage company knows a borrower’s need for a simple, pain-free lending process. Bonneville Multifamily Capital’s mission is to deliver exactly on that need with its various sub-rehab FHA loan options for rental apartment properties.

Bonneville Multifamily Capital says, “Remodeling dated units, upgrading exterior facades and common areas, and replacing dilapidated mechanical systems can dramatically improve rents, ultimately increasing the value of the property.”

Multifamily Sub-Rehab Programs

With Bonneville Multifamily Capital, borrowers have the luxury to spend less time and money in looking for solutions, as the mortgage company has access to a multitude of funding sources. This accessibility enables it to deliver multifamily mortgage loans for any project, for construction or rehabilitation.

The company adds that most multifamily properties can qualify for sub-rehab loan programs, providing funds to acquire and improve the property at the time of purchase.

The sub-rehab loan programs on offer include:

• Freddie Mac Value Add Loan
• FHA 221(d)(4)
• Fannie Mae Value Add Loan
• USDA Section 538 (rural areas)
• Flexible Private Loans for Unique Projects

Borrowers receive amounts according to the sub-rehab loan program; for example, Freddie Mac loans can range from $10,000 to $25,000 per unit. Among the systems qualified for significant building components include plumbing systems, AC systems, roof structure, and more.

Simple and Pain-Free Financing Process

Each loan program offers its unique advantage. The FHA 221(d)(4) is the industry’s lowest cost, non-recourse, highest leverage fixed rate loan available. It comes with a term of up to 40 years, and no rent control restrictions or affordability requirements.

Freddie Mac and Fannie Mae, on the other hand, offer lower execution costs, competitive pricing, and one-stop-shopping for upgrade and permanent financing, among others.

The company remarks, “Bonneville Multifamily Capital puts you first by providing a rapid application to funding process, minimizing third-party fees, offering high leverage options and non-recourse liability. If you are interested in these benefits, you’ve come to the right place.”

About Bonneville Multifamily Capital

The company is one of the biggest USDA 538 lenders in the country. The HUD MAP-approved lender offers dedicated origination and in-house underwriting and servicing. It endeavors to help each client look for the financing option that fits their situation.

Bonneville Multifamily Capital is a division of Bonneville Real Estate Capital, a full-service mortgage banking firm.

For more information, visit the https://www.bmfcap.com today.