Multifamily Project Financing for the Following Apartment Types:

  • Market Rate
  • Affordable
  • Mixed-income
  • Senior Independent
“The Paragon staff’s ability to quarterback the entire HUD-loan process, and all parties involved, made it feel seamless”
      --Multi-family Real Estate Developer, Phoenix, Arizona

  • HUD credit enhancement yields attractive financing terms

  • Non-Recourse loan (No personal guarantees required)

  • No performance guarantees required

  • Fully assumable loan

  • Negotiated pre-payment provisions

  • Rate locked prior to commencement of construction
  • New construction/Substantial rehabilitation projects
    • 40 year fully amortizing loan
    • Loan up to 90% of costs
    • Conversion from construction financing to a permanent loan with no additional fees
  • Purchase/refinance of existing projects/substantial rehabilitation projects
    • 35-year fully amortizing loan
    • Loan up to 85% of costs for acquisition
    • Loan up to 100% of costs for a refinance
    • Repairs/improvements can be included

We were seeking a construction loan up to 90% of costs with reduced out-of-pocket requirements.  We were able to achieve a 5-10% higher loan over alternative programs.”
      --Multifamily Real Estate Developer Principal—Las Vegas, NV

  
   
 
   
     
 

Healthcare Project Financing for the Following Facility Types:

  • Nursing Homes
  • Hospitals
  • Assisted Living
  • Alzheimers/Memory Care

“Every developer has their own style and every housing deal has its own challenges.  Paragon finds a way to shape each transaction to fit the HUD loan process and make the financing fit the project.”
      --Real Estate Developer, Phoenix, AZ

 

  • HUD credit enhancement yields attractive financing terms
  • Non-Recourse loan (No personal guarantees required)
  • No performance guarantees required
  • Fully assumable loan
  • Negotiated pre-payment provisions
  • Rate locked prior to commencement of construction
  • New construction/Substantial rehabilitation projects
    • 40 year fully amortizing loan
    • Loan up to 90% of costs
    • Conversion from construction financing to a permanent loan with no additional fees

  • Purchase/refinance of existing projects/substantial rehabilitation projects
    • 35-year fully amortizing loan
    • Loan up to 85% of costs for acquisition
    • Loan up to 100% of costs for a refinance
    • Repairs/improvements can be included

 

“After floundering for two years, Paragon’s expertise put our project together and helped us achieve our dream.  They did what no one else seemed able to do.”
      --Memory Care Facility Executive Director, Prescott, Arizona



  
     
  AZ MB 0007451  
 
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