Appraisals and the HUD 221(d)(4) Loan Program
An appraisal is the process of estimating the market value of a property. Appraisals for HUD 221(d)(4) loans can only be made by trained, authorized appraisers. The HUD multifamily loan appraisal process is complex, and involves examining all aspects of a property, including:
All sources of income from a project (including things like commercial income and laundry income)
The amenities provided in individual units and condition of each unit
Overall amenities and recreational facilities
Estimate of annual expenses and operating costs
Financial metrics, such as the value of the land, the acquisition cost, and a construction cost analysis
To learn more about HUD multifamily construction loans like the HUD 221(d)(4) loan, fill out the form below and a HUD lending expert will get in touch.