What are BSPRA and SPRA in a 221(d)(4)?
High level overview of what you need to know about BSPRA and SPRA when using HUD’s 221(d)(4) construction-to-permanent loan program.
221(d)(4) Working Capital and Initial Operating Deficit (IOD) Requirements
Explanation of HUD’s 221(d)(4) construction loan working capital and initial operating deficit (IOD) parameters
What are HUD’s Large Loan Specifications?
HUD has special underwriting parameters for large loans.