Direct HUD Lender for Multifamily & Healthcare Properties Since 1991

We're more than a transactional lender, we build life-long relationships with our clients based on performance. Bedford Lending has closed over $3 billion in loans to date.
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Market Rate

Bedford Lending's direct HUD 221(d)(4) and 223(f) loan programs provide financing for the acquisition, refinance, new construction and substantial rehabilitation of market rate apartment buildings nationwide.

Our loan programs are non-recourse, fixed rate for 35+ years, fully amortizing, and offer 85%+ leverage.

Any apartment size or style (garden, four-plex, etc.) is eligible and no income restrictions are required.

Affordable Housing

Bedford Lending is a recognized leader in developing finance solutions for non-profits & housing authorities throughout the United States.

Our direct HUD programs can be used to fund capital improvements, replenish replacement reserves, and lower interest rates. We have significant RAD, LIHTC, 202, 236, and Section 8 experience and frequently work on projects that other lenders struggle to underwrite due to size or complexity.

Healthcare

Bedford Lending’s direct HUD 232 and 232/223(f) loan programs provide financing for the acquisition, refinance, new construction and substantial rehabilitation of assisted living, memory care, skilled nursing, and independent living facilities throughout the country.

We have experience with all healthcare product types and markets, and provide non-recourse, 35+ year fixed rate loans up to 85% leverage nationwide.

Closings

Cash-Out Refinance

• $8,500,000
• 140 Unit Apartment
• 3.5% Fixed Rate
• 35 Year Term

97% Acquisition & Rehab Loan

• $5,700,000 HUD 221(d)(4)
• 72 Unit Apartment Conversion
• Non-Recourse
• 40 Year Fixed Rate

Nursing Home Refinance

• $3,300,000 HUD Loan
• 35 Year Term
• 3.6% Fixed Rate
• $12,000 Monthly Savings

Nursing Home / ALF

• $9,600,000 HUD 232 Loan
• 40 Year Term
• 52 ALF Addition
• Non-Recourse

33 Bed Rehab Facility

• $14,000,000 HUD 232 Loan
• 40 Year Term
• Non-Recourse
• 50 Year Land Lease

83 Unit New Construction

• $9,700,000 HUD Loan
• 40 Year Fixed Rate
• Non-Recourse
• Assumable

200 Unit Apartment - New York

• $30,307,000 HUD Refinance
• Reduced payments by $779,000 per year
• 35 Year Fixed Rate
• Non-Recourse

80 Bed Alzheimers Facility

• $6,200,000 HUD 232 Loan
• 90% LTV
• Non-Recourse
• 40 Year Fixed Rate

90% ALF Financing

• $4,275,000 HUD Loan
• 90% LTV
• Non-Recourse
• 40 Year Fixed Rate

60 Unit Multifamily Refinance

• 35 Year Fixed Rate
• 3.4% Interest
• Non-Recourse
• Assumable

64 Unit HUD 202

• $300,000 in Capital Improvements completed
• Owner received over $40,000 developer's fee
• 35 Year Fixed Rate
• Non-Recourse

Tax Credit Refinance

• $4,200,000
• 35 Year Fixed
• Saved Client $90,000 a year in debt service
• 3.15%

New Construction - Utah

• $10,500,000
• 40 Year Term
• Non Recourse
• Assumable

Assisted Living

• $4,127,000
• Rate reduced from 7.5% to 3.4%
• Amortization went from 15 years to 35 years
• Cash flow improved by over $200,000 a year

Section 8 Acquisition

• 90% Loan to Value
• 35 Year Fixed Rate
• 3.6% Interest
• Assumable

Cash Out Refinance - Texas

• $6,800,000
• 80% Loan to Value
• 30 Year Amortization
• 10 Year Fixed

Blanket Mortgage - Baltimore

• $5,000,000
• $2,000,000 Cash Out
• 3.9%
• 10 Year Fixed

300 Unit Refinance - Michigan

• $4,500,000 - HUD 223(f)
• 35 Year Fixed
• $1,500,000 Cash Out
• 3.2%

Affordable Housing Refinance

• $1,500,000 Loan
• 30 Year Amortization
• 4.1%
• Assumable

Non Profit Acquisition

• 30 Units
• 30 Year Amortization
• 20 Year Fixed Rate
• Assumable

88 Unit New Construction

• $7,100,000
• Non Recourse
• 40 Year Fixed Rate
• Maximized Cash Flow

144 Unit New Construction

• $21,175,000
• 144 Unit Apartment
• 4.1% Interest
• 40 Year Fixed Rate

Market Rate and Workforce Housing - $10,000,000

• 90% New Construction with BSPRA
• 40 Year Term
• Non Recourse
• Condo Blanket