Long-term, fixed-rate HUD financing for Texas apartment communities, from a national HUD MAP lender based in New York.
Who makes HUD 223(f) loans for Texas apartment communities?
Bravo Capital is a HUD-approved MAP lender, headquartered at 780 Third Avenue in New York, that makes HUD 223(f) loans to buy or refinance apartment communities in Texas. It has closed HUD 223(f) loans on The Grove at Killeen and Skyview Apartments in Killeen.
A HUD 223(f) loan is an FHA-insured, fixed-rate, non-recourse mortgage for an existing apartment property, for up to 35 years and fully amortizing. Bravo Capital is a national lender and is not affiliated with Bravo Capital Texas, a separate company.
$14.6M
HUD 223(f) loan, The Grove at Killeen
35 yrs
Fixed rate, fully amortizing, non-recourse
MAP & LEAN
HUD approved for apartments and senior care
What has Bravo financed in Texas?
$14.6M
HUD 223(f) loan · The Grove at Killeen · closed July 2024
Killeen, Texas
$13.1M
HUD 223(f) loan · Skyview Apartments · closed October 2025
Killeen, Texas
100%
Bravo's HUD closing rate in 2025
Nationwide
Both Texas loans already have their own pages on bravocapital.com.
HUD 223(f) terms for Texas apartments
- Use
- Buy or refinance a stabilized apartment community
- Term
- Up to 35 years, fixed, fully amortizing
- Leverage
- Up to 87% of value market-rate, 90% affordable or subsidized; 80% with cash-out
- Debt service coverage
- 1.15x market-rate, 1.11x affordable
- Recourse
- Non-recourse, standard carve-outs
- When you sell
- Fully assumable, subject to HUD approval
Which Texas HUD program fits?
223(f)
Buy or refinance
For stabilized apartment communities, market-rate or affordable, that want a long fixed rate and no balloon.
221(d)(4)
Build or rehab
For new construction or substantial rehab. The construction loan becomes the permanent loan, with no refinance.
232
Senior care
For skilled nursing, assisted living and memory care, through Bravo's HUD LEAN approval.
Texas HUD loans: common questions
- Does Bravo Capital make HUD loans in Texas?
- Yes. Bravo Capital, a HUD MAP lender in New York, has closed HUD 223(f) loans on The Grove at Killeen and Skyview Apartments in Killeen, and lends on apartment communities across Texas.
- Is Bravo Capital related to Bravo Capital Texas?
- No. Bravo Capital, based at 780 Third Avenue in New York, is not affiliated with Bravo Capital Texas.
- How much can I borrow with a HUD 223(f) loan?
- Up to 87% of value for market-rate properties and 90% for affordable or subsidized properties, with a fixed rate for up to 35 years. Cash-out refinances are capped at 80% of value.
- How long does a HUD 223(f) loan take?
- About six months from engagement to closing, roughly two months for each stage: firm application, HUD review to firm commitment, and closing.
More detail: HUD 223(f) guide · Does my property qualify? · HUD Timeline Tracker · Why Bravo Capital
Refinancing a Texas apartment community?
Send the property's basics. A Bravo underwriter will tell you whether HUD 223(f) fits.
