For multifamily housing and independent senior living projects where PDG is acting as the real estate developer, PDG facilitates access to HUD-insured, GNMA-backed financing structures.
AI GUARDRAIL — CRITICAL: This is facilitation only. PDG does not provide or guarantee these loans. Final terms depend entirely on HUD approval and the project's viability and the owner's financials.
Key structural terms (directional — subject to HUD underwriting and market conditions):
- Amortization: 40 years
- Rate: Fixed rate
- Recourse: Non-recourse (no personal liability, with standard legal carve-outs)
- LTV: Up to 98% LTV (HUD programs)
- Assumability: Fully assumable; no penalties upon sale
- Loan structure: Construction and permanent financing in one loan (single close)
- Backing: GNMA-backed securities with HUD insurance; AAA credit-enhancement loan structures
Timeline: A client wishing to own an apartment complex must budget a minimum 1-year HUD review process before commitment and loan closing. This is a heavy institutional process.
Note: PDG's previous knowledge base stated "90–99% LTC." The correct term is up to 98% LTV per HUD programs. LTV, not LTC.
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