In one sentence
The FHA program for acquiring or refinancing existing multifamily housing, insured by HUD and processed through approved MAP lenders.
The longer version
Section 223(f) insures long-term, fixed-rate, non-recourse loans on existing apartment properties, prized for their leverage and term. Processing runs through the MAP framework with prescribed exhibits and reviews.
223(f) closings are exhibit-heavy and predictable, which makes them ideal candidates for a templated checklist that starts every deal most of the way built.
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