Enterprise Community Investment Inc., a Columbia, Md.-based provider of affordable housing finance and investment, has expanded its menu of debt products available in its multifamily mortgage finance group.
Enterprise says it is now an approved U.S. Department of Agriculture Section 538 Rural Development lender and delivers Federal Housing Administration (FHA) multifamily and healthcare loan products as a HUD-approved Multifamily Accelerated Processing lender. Also available from Enterprise is proprietary non-agency construction and permanent financing for multifamily properties in addition to its Fannie Mae DUS product offering.
‘Many states award extra points for utilizing the federal Section 538 program to provide the debt for low-income housing tax credit transactions,’ notes Gary Alex, director of FHA lending at Enterprise Community Investment. ‘Also, as a full-service FHA mortgagee, we offer a streamlined approach to originating, processing, underwriting, funding and servicing FHA-insured loans.’
