Blake Durham

If you have a multifamily property approaching stabilization, it may be worth evaluating a HUD refinance. While HUD financing may not have been part of the original business plan at groundbreaking, changing market conditions or a longer term hold strategy can make it a compelling option. We can submit off your T-1 income, or project out income if you are at least 85% occupied to maximize the loan proceeds. When you consider the 1.15x DSCR and 35 year amortization, HUD will allow you to maximize leverage to get the construction loan paid off and return equity to your investors. Reach out with any multifamily financing need #HUD or not.

What is worse than being a GT fan? Being an Atlanta Falcons fan as well

Can’t wait for Wednesday (aka no more political ads)

Hockey in Atlanta? But it has failed twice before.... The tired narrative is "Atlanta has had two hockey teams already, why do they need a third?" People that say this don't realize the first team (Flames) was here in the 70s. I don't think it takes a rocket scientist to realize a hockey team downtown at that time wasn't going to succeed. The second run were the Thrashers who were owned by The Atlanta Spirit Group. They acquired the Trashers as part of a package deal, also purchasing the Hawks. They immediately looked for ways to sell the team and get out of their seven year relocation clause. People love to say "no one went to the games" but the data shows you that they averaged more fans than the Blackhawks and the Islanders during their tenure in Atlanta. Atlanta deserves a hockey team, and @Jamestown's plan to redevelopment North Point Mall is the perfect location

One of the major pushbacks when it comes to HUD financing is the standard 10 year prepayment structure. What if I told you that this structure was flexible and can be changed? What if you could be open at par after 3 years, with no balloon payment looming? Reach out with questions on how you are able to change the prepayment structure on a #HUD insured loan.