How it works

UNA in coordination with the HUD(MAP) lender helps first time HUD borrowers (Owner) navigate through the lending process. Our extensive experience will enable owners to qualify for 221(d)4 and/or 223(f) loans. UNA works with the owner from the pre-development stage through final endorsement. Our clients will always remain the owner responsible for the project. Throughout the entire HUD process, UNA will serve as a third-party consultant to the owner assisting in the following:

• Pre-Development
• Market Analysis
• Architect Selection
• General Contractor Selection
• Property Management Selection
• HUD Concept Meetings
• HUD Pre-Application
• HUD Firm Application
• HUD Initial Endorsement
• HUD Final Endorsement
• HUD Escrow Requirements
• Accounting
• Cost Monitoring

UNA can help in strengthening an owner’s financial statement if required under the HUD guidelines. This can be either for liquidity or net worth. Typically, we would form a joint venture with the owner at the application stage, then withdraw at final endorsement with HUD’s approval.

UNA will assist an owner who needs additional equity to close their project. Our team will bring multiple equity sources for owner selection, to help create the correct fit for the project. The equity partners will be admitted into the Limited Liability Company (LLC) after the application stage and prior to initial endorsement.