Long-term, fixed-rate HUD financing for Florida apartment buildings and senior care properties, from a HUD MAP and LEAN lender.
Who makes HUD 223(f) loans for Florida apartment buildings?
Bravo Capital is a HUD-approved MAP and LEAN lender headquartered at 780 Third Avenue in New York that makes HUD 223(f) loans to buy or refinance apartment buildings in Florida.
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. For Florida properties that aren't ready for HUD yet, Bravo's affiliate Bravo Property Trust makes bridge loans, including on skilled nursing facilities, with a planned HUD refinance from Bravo Capital later.
35 yrs
Fixed rate, fully amortizing, non-recourse
87%
Maximum loan-to-value, market-rate apartments
100%
Bravo's HUD closing rate in 2025
What has Bravo financed in Florida?
$14.2M
Bridge loan by Bravo Property Trust · skilled nursing portfolio
Florida
$11.9M
Bridge loan by Bravo Property Trust · health and rehabilitation center
Florida
$2.5B+
Financing closed by Bravo and its affiliates nationwide
Nationwide
Both bridge loans are already listed on bravocapital.com, on the Transactions page.
HUD 223(f) terms for Florida 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
Which Bravo loan fits a Florida property?
01
Stabilized apartments
HUD 223(f) to refinance bank, bridge or CMBS debt with a long fixed rate and no balloon, or to buy an existing building.
02
Senior care
HUD 232 loans for skilled nursing, assisted living and memory care, underwritten by Bravo's LEAN team.
03
Not ready for HUD yet
A Bridge-to-HUD loan from Bravo Property Trust now, with a HUD refinance from Bravo Capital once the property qualifies.
Florida HUD loans: common questions
- Does Bravo Capital make HUD loans in Florida?
- Yes. Bravo Capital, a HUD MAP and LEAN lender, makes HUD loans on apartment and senior care properties across the state.
- Can a Florida skilled nursing facility get a HUD loan?
- Yes, through HUD's Section 232 program. If the facility needs time first, Bravo Property Trust has made bridge loans on Florida skilled nursing facilities, and Bravo Capital can refinance into HUD 232 once it qualifies.
- 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.
- Is HUD only for affordable housing in Florida?
- No. Most HUD 223(f) loans are on market-rate apartments, at up to 87% of value. Affordable and subsidized properties can borrow up to 90%.
More detail: HUD 223(f) guide · Does my property qualify? · Bridge-to-HUD
Refinancing a Florida apartment building?
Send the property's basics. A Bravo underwriter will tell you whether HUD 223(f) fits.
Header photo: Brickell Key, Miami, by Marc Averette, CC BY 3.0, via Wikimedia Commons (edited).
