Hud Section 202 Properties

TFG Simplifies the process​

On a limited basis, The Finch Group applies development and structuring expertise to assist financial institutions and intermediaries in repositioning, disposing, or refinancing properties.

We’ve spent over four decades and four significant downturns to fine tune and update our restructuring methodologies.

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Our 202 refinancing specialist are ready to answer your questions and explain why we are the right consultants to guide you through your 202 property refinancing.
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Our Involvement

On January 4, 2011, the President signed Public Law 111-372, the Section 202 Supportive Housing for the Elderly Act of 2010 (“P.L. 111-372”).

Together with other changes, P.L. 111-372 once again amended the statutory authority for the refinancing of Section 202 loans.

The U.S Department of Housing and Urban Development encourages owners to refinance and improve their older Section 202 properties. More importantly today’s low interest rate environment makes it possible.

The Finch Group and its principals (“TFG”) have been involved in countless and varied assisted/affordable housing program transactions since the National Housing Act of 1968 and the Tax Reform Act of 1969 combined to create the private sector low and moderate income housing industry.

TFG has consulted on, developed, “worked out,” constructed and/or managed in excess of $1 billion of assisted/affordable housing. TFG leverages this extensive experience to assist Section 202 property owners through the time consuming and ultra-technical process of refinancing.

As the development consultant, TFG will: (a) prepare the required Project recapitalization related submissions to HUD (locally and DC), the city (if required), state, mortgage lenders, underwriters and potential equity investors, (b) supervise the selection and work product of the necessary recapitalization related professionals (architects, engineers, attorneys, surveyors, environmental, etc. each of whom will contract directly with the Not-for-Profit), (c) shepherd the submissions through each of the approval processes, (d) work to ensure smooth transaction and completion of all real estate matters, and (e) handle the negotiation and documentation necessary for the sale of the LIHTC’s. All of this would be performed in conjunction with, under the oversight of and with the prior approval of the Not-for- Profit.

The Finch Group’s track record is very strong and we feel we can build off our prior successes to help you.

Client Testemonials

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