An Architectural Report is a report describing a property’s existing condition and code compliance. This includes the condition of the building, the site and the property’s systems. Most FHA 221(d)(4) architectural reports contain written descriptions and photographs which chronicle the onsite building inspection as well as relevant building codes and zoning ordinances. Architectural Reports are typically required for HUD 221(d)(4) loans and HUD 232 construction or rehabilitation loans.

An Architectural Report provides a description of a property's existing condition and code compliance, including the condition of the building, the site, and the property's systems. Most FHA 221(d)(4) architectural reports contain written descriptions and photographs which chronicle the onsite building inspection as well as relevant building codes and zoning ordinances.

To learn more about HUD multifamily construction loans like the HUD 221(d)(4) loan, fill out the form and a HUD lending expert will get in touch.

An Architectural Report is used to assess the condition of a property and its compliance with building codes and zoning ordinances. It is typically required for HUD 221(d)(4) loans and HUD 232 construction or rehabilitation loans, but not for the HUD 223(a)(7) program. The report typically contains written descriptions and photographs of the building inspection.

To learn more about HUD multifamily construction loans like the HUD 221(d)(4) loan, fill out the form and a HUD lending expert will get in touch.

An Architectural Report can provide a detailed assessment of a property’s existing condition and code compliance. This includes the condition of the building, the site and the property’s systems. This report can be beneficial for commercial real estate loans, such as the HUD 221(d)(4) loan, as it can provide lenders with a comprehensive understanding of the property and its condition. Additionally, the report can help lenders determine if the property meets the necessary requirements for the loan. For example, the HUD 221(d)(4) loan requires that the property meets certain standards for safety and code compliance. An Architectural Report can help lenders determine if the property meets these standards.

For more information on the HUD 221(d)(4) loan, visit HUD 221(d)(4) Loan Program.

The risks of not obtaining an Architectural Report for a commercial real estate loan depend on the type of loan. For example, an Architectural Report is typically required for HUD 221(d)(4) loans and HUD 232 construction or rehabilitation loans. Without an Architectural Report, the loan may not be approved. Additionally, the lender may require additional information or documentation to ensure the property meets the loan requirements. On the other hand, an Architectural Report is not required for the HUD 223(a)(7) program.

To learn more about HUD multifamily construction loans like the HUD 221(d)(4) loan, fill out the form here and a HUD lending expert will get in touch.

The cost of an Architectural Report for a commercial real estate loan can vary by market. According to HUD 241(a) Supplemental Financing for HUD Multifamily Loans, Architectural and engineering reports are one of the third-party reports that may be required. In addition, HUD 241(a) loans typically require borrowers to pay financing/permanent placement fees at closing, which often come out to 3.5% of the loan amount. According to HUD 241(a) Loans, Architectural and engineering reports are one of the third-party reports that are required.