Long-term, fixed-rate HUD financing for Connecticut apartment buildings, from a HUD MAP lender based in New York.
Who makes HUD 223(f) loans for Connecticut apartment buildings?
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 buildings in Connecticut. It has closed HUD 223(f) loans on Cedar Heights in Stratford and Encore 275 in Meriden.
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 also makes HUD 221(d)(4) construction loans and 223(a)(7) refinances, and Section 232 loans for senior care, as a MAP and LEAN lender.
35 yrs
Fixed rate, fully amortizing, non-recourse
87%
Maximum loan-to-value, market-rate (90% affordable)
100%
Bravo's HUD closing rate in 2025
What has Bravo financed in Connecticut?
$14.9M
HUD 223(f) loan · Encore 275 · closed September 2024
Meriden, Connecticut
$7.9M
HUD 223(f) market-rate refinance · Cedar Heights, 66 units · closed June 2022
Stratford, Connecticut
$2.5B+
Financing closed by Bravo and its affiliates nationwide
Nationwide
Both Connecticut loans already have their own pages on bravocapital.com.
HUD 223(f) terms for Connecticut apartments
- Use
- Buy or refinance a stabilized apartment property
- 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
Who is a Connecticut HUD loan right for?
01
Owners refinancing
Replace bank, bridge or CMBS debt on a stabilized building with a long fixed rate and no balloon.
02
Buyers
Finance the purchase of an existing apartment property, market-rate or affordable.
03
Properties still leasing up
Bravo's affiliate, Bravo Property Trust, can make a bridge loan now, with a HUD refinance from Bravo Capital once the property qualifies.
Connecticut HUD loans: common questions
- Does Bravo Capital make HUD loans in Connecticut?
- Yes. Bravo Capital, a HUD MAP lender in New York, has closed HUD 223(f) loans on Encore 275 in Meriden and Cedar Heights in Stratford, and lends on apartment buildings across the state.
- 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.
- Can a property that isn't stabilized yet use HUD?
- Not right away. A bridge loan from Bravo Property Trust can carry it through lease-up or repairs, and Bravo Capital can refinance into HUD once it qualifies. A HUD takeout is never guaranteed.
More detail: HUD 223(f) guide · Does my property qualify? · HUD Timeline Tracker · Bridge-to-HUD
Refinancing a Connecticut apartment building?
Send the property's basics. A Bravo underwriter will tell you whether HUD 223(f) fits.
