Wasatch Capital Group is a Salt Lake City-based mortgage banking firm that has specialized in multifamily debt financing since 1993. Over three decades, we've built correspondent relationships with the top capital sources in the industry — HUD/FHA, Fannie Mae, Freddie Mac, and bridge lenders.
But what we're most proud of isn't the volume. It's the relationships. When you bring us a project, you're working directly with experienced principals who have navigated this market through every cycle. We take the time to understand your goals, find the right program, and stay with you from start to closing.
New Construction
Purchase
Refinance
FHA/HUD
Fannie Mae
Freddie Mac
Bridge
Conventional
FHA/HUD 221 (d)(4) New Construction or Substantial Rehabilitaion
Provides mortgage insurance for the new construction and substantial rehabilitation or apartment projects, including independent living projects for seniors (age 62 years and older with no services). This program provides for both construction and permanent financing.
FHA/HUD 223(f) Acquisition and Refinancing of Multifamily Properties
Provides mortgage insurance to facilitate funding the refinancing or acquisition of apartment properties that have completed initial lease up and are operating at a 1.17x debt coverage ratio (1.11x for broadly affordable). Independent living projects for seniors (age 62 years and older with no services) are also eligible.
FHA 223(a)(7) Refinance for FHA Insured Projects
Provides mortgage insurance to refinance properties currently insured by FHA in an expedited manner.
Reduce debt service costs and generate proceeds for needed project repairs with minimal processing and underwriting requirements.
HUD Insured Loans
The Citizen
Cresthaven
Meadows at American Fork
Murray Crossing
Odessa at The Distric