EMYH Funding offers unbeatable terms on the best Multifamily financing program available today. DON\'T overpay for your HUD Loan. Allow EMYH to close your transaction and provide an unbelievable experience.

1. H U D M U LT I FA M I LY
305-924-6200
andresgarcia@emyh.org
HUD Multifamily Financing
Purchase or Refinance
Unbeatable 4.25% Interest Rate
35 Year Amortization
Non-Recourse
Cash Out to 80% LTV
Up to 92.5% CLTV (Purchase)
85% Rate and Term Refinance
No Appraisal and Expedited Processing**
**If refinancing an exiting HUD Multifamily Loan

2. H U D M U LT I FA M I LY
305-924-6200
andresgarcia@emyh.org
HUD Loan Processing Time Line
1) Preliminary information sent to EMYH Funding for initial analysis:
- Current Rent Roll
- 3 Years Operating Statements + YTD
- Site Description with Unit Composition
- Location Map, Site Plan & Floor Plans
- Acquisition Price or Existing Debt
- Any repairs to be included in the Mortgage
- Market Survey
2) Within 5 - 7 Business Days
- Lender will complete its preliminary analysis and offer pre qualification and terms of the loan
3) Within 3 - 4 weeks (from original submission date)
- Letter of Engagement Issued by Lender
- Application Fee and 3rd Party Fees Collected
- After Feasibility is confirmed Third Party Reports are ordered (Appraisal, Physical Needs Assessment,
Environmental Phase One, etc.)
4) Within About 2 Months
- Lender completes Underwriting and Submits FIRM Application to HUD
5) Within 5 - 6 Months
- Lender prepares closing documents and proceeds to closing

3. H U D M U LT I FA M I LY
:• EMYH
_1_ Funding
305-924-6200
andresgarcia@emyh.org
Loan Amount $1,000,000 Minimum
L o a n Te r m Maximum term of 35 years
Amortization Loan will fully amortize over term
Minimum DSC 1.18x
M a x i m u m LT V a) 85% of appraised value;
b) Loan amount that would achieve a debt service coverage ratio
of 1:18 to 1.0;
c) Refinancing: 100% of outstanding debt plus transaction costs and
proposed repairs. (If an equity takeout is being requested, then the
loan amount may be 80% of the project’s appraised value under this
loan criterion if that amount is greater than the cost of the refinance.);
d) Acquisition: 85% of the acquisition price plus transaction costs and
proposed repairs
Fixed Rate Yes
Adjustable Rate No
Eligible Property Multifamily *(see Notes for details)
Eligible Borrower Single-asset entity
Assumable Loan is assumable, subject to HUD approval and payment of an assump-
tion fee and related transaction expenses
Ta x a n d I n s u r a n c e E s c r o w s Taxes and insurance are required to be escrowed monthly
Replacement Reserves Replacement reserves are required in accordance with HUD guidelines;
the amount is determined in conjunction with the third-party engineer
report
Commercial Space Less than 20%
Recourse Non-recourse
Required Reports Appraisal, reduced physical needs assessment and environmental screen
Prepayment Negotiable. Typically two-year lockout with 8% penalty in third year,
reducing 1% each succeeding year

4. H U D M U LT I FA M I LY
t Funding
_1_
EMYH
305-924-6200
andresgarcia@emyh.org
Supplemental Loans No
Pricing 4.125% as of 8/5/2011 (Please call for updated rate)
Rate Lock After acceptance of FHA commitment and prior to closing (contact to dis-
cuss early rate lock options)
Fees and Expenses a) Lender Application Fee: $5,000; Due at after preliminary analysis is completed
b) HUD Application Fee: .3% of Loan Amount; 50% refunded at closing
c) HUD Insurance Premium: .5% Paid at closing
d)Processing Fee: 1.75%
e) Third party report cost
Origination Fee
1% Paid to EMYH Funding at Closing
*Notes
a) Market rate, moderate-income and subsidized properties
b) Existing projects, at least three years old, with no more than minimal required
levels of repair and with no substantial rehabilitation within the past three years
c) No rent control
d) Student housing is not excluded, but multiple rents from one unit will not be underwritten
e) Limitation on commercial space: No more than 20% of the net rentable area and 20% of
effective gross income

5. H U D M U LT I FA M I LY
305-924-6200
andresgarcia@emyh.org
HUD Bridge Loan Program
Eligible Properties: Multifamily properties in strong, stable markets with experienced
sponsors
Nationwide Geographical Focus
Loan Amounts: $2 Million - No Maximum
Loan Term: Up to two years
Interest Rates: Floating Rate over 30 Day LIBOR. Rate varies based on loan term
DCSR and LTV/LTC.
Amortization: Typically interest only.
Maximum Loan to Value: Lesser of 80% "As-Is" value or 75% Loan to Appraised
Value upon stabilization.
Maximum Loan to Cost: 90% including costs associated with renovations.
Minimum DCSR: 1.0x, interest reserves required for lower DCSR's
Prepayment Provision: Generally permitted.
Recourse: Typically Non-Recourse with standard carve-outs.
Replacement Reserves: Required
Minimum Occupancy Requirement: None
This bridge loan product is specifically designed for cases where
borrower is waiting for HUD financing but must close before loan
processing can be completed.