Single Room Occupancy Financing

What type of properties are eligible for construction or rehabilitation through HUD 221(d)(4)?

What type of properties are eligible for construction or rehabilitation through HUD 221(d)(4)?

If you're interested in getting a low-cost, non-recourse, fixed-rate loan for a multifamily real estate  development, a HUD 221(d)(4) loan could be a great option. But what kind of properties can you build or renovate with this kind of loan?