Products & Programs
Home CommercialProducts & Programs

Multifamily Apartment Projects

New Construction and Substantial Rehabilitation

• Up to 100% loan to value (90% if for-profit)
• 40-year Amortization
• Non-recourse loan
• Includes construction loan
• Tax-exempt or taxable loans

Acquisition and Refinancing

• Up to 85% loan to value
• 35-year Amortization
• Non-recourse loan
• Finance Needed Repairs
• Tax-exempt or taxable loans

Nursing Homes and Assisted Living Facilities

New Construction and Substantial Rehabilitation

• HUD 232 Approved Financing
• Up to 95% loan to value (90% if for-profit)
• 40-year Amortization plus construction or rehabilitation time
• Non-recourse loan
• Includes construction loan
• Tax-exempt or taxable loans

Acquisition and Refinancing

• HUD 232/223 (f) Approved Financing
• Up to 90% loan to value (85% if for-profit)
• 35-year Amortization
• Non-recourse loan
• Tax-exempt or taxable loans

Hospitals

Capital Financing

• HUD 242 Mortgage Insurance for Hospitals
• New construction, replacement, or renovation (including major medical equipment and certain transaction costs)
• 25-year Amortization
• Up to 90% loan to value (may permit 100% financing)
• Non-recourse loan

Conventional Financing

• Up to 80% loan to value
• 30-year Amortization
• Non-recourse loan

Multi-family Accelerated Processing (MAP)
Gershman Mortgage is one of only 63 lenders in the country approved for all MAP (Multi-family Accelerated Processing) programs. Gershman can process and underwrite loans under MAP for both apartments and nursing homes. Through MAP, HUD is mandated to review an application within 45 days of receipt of the required information. Priority is given to all FHA MAP applications so an application will be reviewed first at all stages.