[Salt Lake City, March 07, 2016] – Bonneville Multifamily Capital, a trusted provider of multifamily lending services in Utah, offers substantial rehabilitation loan programs. This loan provides the necessary capital for multifamily property improvement projects.

[b]FHA 221(d)(4)[/b]

The FHA 221(d)(4) loan program offers a fixed interest rate, and has a 35-year term and amortization. With this loan, the property has Government National Mortgage Association (GNMA) securitization. The property qualifies for this loan program if each unit costs at least $6,500, and there would be a replacement of two or more main building components, such as roof structure, foundation, and electrical system.

[b]Freddie Mac Value Add Loan[/b]

The Freddie Mac Value Add Loan program provides a short-term but cost-effective financial assistance for moderate property improvements. The benefits of this program also include uncapped floating-rate loan options and lower execution costs. The Freddie Mac Value Add Loan provides a rehabilitation amount of $10,000 to $25,000 per unit of a property.

[b]USDA Section 538 Loan Program[/b]

The USDA Section 538 Loan Program financing option has a fixed rate loan with no loan cap, and its amortization period is up to 40 years. It also offers GNMA securitization. The property is eligible for this program if it is located in a rural area with a general population of less than 20,000 people. The monthly rent for a unit of the property should not exceed 30% of 115% of the adjusted area median income (AMI).

[b]Qualifying Main Building Components[/b]

Improvements in wall, roof, and floor structure of multifamily properties qualify for the Bonneville Multifamily Capital’s sub-rehab loan programs. The company also qualifies for repair or upgrade of significant components of the property, such as plumbing, air conditioning, central heating, and electrical system.

Bonneville Multifamily Capital is composed of loan officers knowledgeable in various types of loan programs and their requirements. The financial firm is located in Salt Lake City. Clients can make inquiries via their website or hotline, or talk to a loan officer.

[b]About Bonneville Multifamily Capital[/b]

Established in 2003, Bonneville Multifamily Capital has been providing multifamily lending services in Utah. The financial firm arranges financing for new construction and rehabilitation of multifamily properties. Bonneville Multifamily Capital is able to provide loan programs to its clients through its longstanding relationship with a variety of sources, such as USDA, HUD/FHA, life insurance companies, Fannie Mae, Freddie Mac, and private equities.

For more information about Bonneville Multifamily Capital and its services, visit http://www.bmfcap.com.