Questions and Answers 08-03-11.doc
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- Legal Services for HUD Closings
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- R-2011-HR-00168-1
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| File | Type | Posted |
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| Qouestions and Answers 8-4-11.doc | DOC document |
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Questions and Answers for R-2011-HR-00168-1
1. Please define/clarify Multi-family & Health Care mortgage loans. Are the loans entire building purchases and Health care facilities, or individual space within a common building?
The loans are multifamily and healthcare commercial loans properties and are not owned by individuals.
2. Define acquisition or refinancing of an existing project. Is the word project a building or entire health care facility?
Project or project assets is the mortgaged property. Mortgage property is the borrowers present and future rights to the land and any and all improvements and or personalty. Refinancing and acquisitions could be of both previously insured FHA properties and conventional loans now seeking FHA insurance.
3. Can we bid the package as a sec. 8a contractor using as many sec 8a attorneys firms as possible knowing some may not be sec. 8a?
This RFI is to identify capable 8a companies.
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