Commercial Mortgages- Multifamily / Healthcare Financing with Gershman Mortgage

Along with our residential mortgage services, we also provide commercial real estate financing. For over 60 years, Gershman Mortgage has provided multifamily and healthcare facility financing for customers across the country. Named one of the nation’s “Top Commercial Servicers” by Mortgage Servicing News, and a Ginnie Mae mega-servicer, Gershman services $1.5 billion in loans.

Multifamily Housing Financing. At Gershman Mortgage we offer commercial mortgage loans for the new construction and substantial rehabilitation of multifamily rental of cooperative housing for market-rate, low-to-moderate income families and the elderly.

New Construction and Substantial Rehabilitation
Loan Programs

These projects are made possible by being eligible for HUD-insured financing under Multifamily Accelerated Processing (MAP), and are available for both profit-motivated and not-for-profit projects.

Section 220

The 220 program is a single construction-to-permanent loan for New Construction and Substantial Rehab of multifamily and elderly apartment properties in urban renewal areas. Interest rates are fixed at closing…

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Section 221(d)(4)

The 221(d)(4) program is a single construction-to-permanent loan for New Construction and Substantial Rehab of multifamily and elderly apartment properties in urban renewal areas…

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Acquisition and Refinancing Loan Programs

Gershman Mortgage also offers refinancing for existing multifamily rental housing. Projects that were originally financed with conventional or FHA insured mortgages are eligible for up to 35 years of fixed-rate financing, whether for-profit, or non-profit.

Section 223(f)

The 223(f) program is a financing program designed for acquisitions or refinancing of existing multifamily properties. This program can be used to finance repairs or for equity take-outs for a 35-year term…

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Section 223(a)(7)

The 223(a)(7) program is a financing program designed for the refinancing of existing multifamily properties that are already in the FHA Insured Loan Program…

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Section 241(a)

The 241(a) program is a financing program designed to insure a second mortgage to finance repairs, additions, and improvements of existing multifamily apartments, that already have an existing FHA-insured mortgage…

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Healthcare Facility Financing Programs

Nursing Homes/ Assisted Living Facilities

New Construction and Substantial Rehabilitation

Gershman Mortgage offers commercial property financing loans for the new construction and substantial rehabilitation of nursing homes, intermediate care facilities, board and care homes and assisted-living facilities. Projects are eligible for HUD secured financing under LEAN Processing. Available for both profit-motivated and not-for-profit projects.

Lean 232/223(f)

The LEAN 232/223(f) program is a financing program designed for acquisitions or refinancing of existing healthcare facilities including Skilled Care Nursing Homes, Intermediate Care, Assisted Living and Personal Care Facilities…

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Acquisition and Refinancing

To refinance existing nursing homes, intermediate care facilities, board and care homes and assisted-living facilities without major repairs, Gershman offers loans insured through HUD which are eligible for up to 35 years fixed rate financing. Available for both profit-motivated and not-for-profit projects

Lean 223(a)(7)

The LEAN 223(a)(7) program is a financing program designed for the refinancing of existing healthcare facilities that are already in the FHA Insured Loan Program…

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Lean 241(a)

The LEAN 241(a) program is a financing program designed to insure a second mortgage to finance repairs, additions and improvements of Skilled Care Nursing Homes, Intermediate Care, Assisted Living and Personal Care facilities that already have an existing FHA insured mortgage…

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Hospitals

Gershman Mortgage offers loans for construction financing, refinancing, modernization, remodeling, equipment and expansion through the HUD/FHA Section 242 Program for acute care hospitals or critical access hospitals. As an FHA-Approved Lender, Gershman Mortgage works with HUD and the Department of Health and Human Services throughout the process to ensure a successful approval…

Gershman Mortgage Multifamily / Healthcare Servicing

Gershman Mortgage has been named one of the nation’s “Top Commercial Servicers” by National Mortgage News and Mortgage Servicing News. Part of this is owed to our dedication to listening, problem-solving, and offering expert and professional advice. Our veteran team is knowledgeable in all aspects of origination, underwriting and closing of mortgage loans, whether residential, multifamily apartments, or healthcare facilities.

Our team services and provides asset management for a multi-billion dollar portfolio of real estate loans. We specialize in managing the unique needs and challenges of multifamily and healthcare facility loans.

At Gershman Mortgage, we assign an individual asset manager to every account in order to provide our different borrowers with a reliable, personal point of contact and resource to help navigate complex HUD and industry regulations and requirements.

With Gershman Mortgage, our borrowers get more than just the benefit of experience.

Gershman is an approved Ginnie Mae mega-servicer, servicing a portfolio of over $1.5 billion multifamily and healthcare facility loans. We are ranked among the top ten originators for FHA multifamily programs by the US Department of Housing and Urban Development.

We are one of a small, select group of lenders nationwide to be HUD-approved for MAP (Multifamily Accelerated Processing) for apartments and LEAN processing for nursing homes and assisted living facilities.