Arizona HUD financing is the long-term, high-leverage path when the sponsor can live with the process. 223(f) is acquisition and refinance of existing multifamily, seniors, and healthcare. 221(d)(4) is substantial rehabilitation and new multifamily. 232 is residential care. Capital Market Funds originates these programs and pairs the file with a HUD-approved lender.
We do not claim MAP or LEAN approval. That processing sits with the approved lender. We also do not treat 221(d)(4) as a general construction desk. Construction, as a standalone product, is not something we shop. If the request is a lease-up of an existing asset, bridge is usually the faster honest answer, and we will say so.
No HUD closing is published. Agency comparisons — Fannie Mae and Freddie Mac — are often faster for conventional stabilized apartments and are not a promise of the same leverage. We are not a Fannie Mae DUS lender on those files either.
When HUD is not the right clock
- Fannie Mae
Stabilized Arizona multifamily. Originated to Fannie Mae. Not a DUS lender.
- Freddie Mac
Optigo conventional, targeted, and value-add. We are not the seller/servicer.
- Lease-up and value-add
Bridge or a fitting permanent box. Construction is not a standalone product.
- Life company
Permanent debt for core cash flow. Rate lock is typically at application.