Rehabilitation
Whether you’re looking to upgrade and modernize, convert a building to rental property or preserve an existing or acquired subsidized property, Lancaster Pollard has the experience to bring the most appropriate financing structure to the table and work along side you to make your development a success. We recognize the nuances and complexities associated with rehabilitation, and the impact it has on your financing options. We also understand that timing is critically important, and our success in obtaining government enhancement programs can provide you with confidence for a successful outcome.
Properties located in rural areas, defined as communities with a population less than 20,000, as well as all USDA 515 properties have an additional funding option to consider, the USDA 538 Guaranteed Loan Program. As an approved USDA lender, our knowledge of USDA programs allows us to develop a thorough and professional application package that complies with the agency’s current standards. In fact, we were among the top USDA 538 lenders* in 2006. These factors can help decrease processing time and ensure the dollars will be put to work as soon as possible to preserve America’s rural housing.
*According to USDA Data
Click below to learn more about the financing options available for your rehabilitation project:
| Objective: | Type of Borrower: | Term Sheet: |
| Substantial Rehabilitation | For-Profit and Nonprofit Borrowers | FHA Sec. 221(d)(4) |
| Acquisition and/or moderate improvements | For-Profit & Nonprofit Borrowers | FHA Sec. 223(F) |
| Substantial Rehabilitation | Rural For-Profit and Nonprofit Borrowers and USDA Sec. 515 Property Owners | USDA 538 Guaranteed Loan Program |
| Rehabilitation | For-Profit & Nonprofit Borrowers | Tax-Exempt Bonds |
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