Harper Capital Finances $56MM Multifamily Purchase with HUD-insured Loan in Under 5 Months

NEW YORK–(BUSINESS WIRE)–Harper Capital, a leading lender specializing in HUD-insured loans, today announced the successful closing of a $56 million purchase using HUD’s Section 223(f) Acquisition loan program. The Class A, 320-unit property in Texas was built just two years ago. The buyer, a long-time Harper Capital client, went into contract May 6 with a 1031 Exchange deadline of September 25. Nathan Schuss, Harper Capital’s CEO, said, “Many buyers use interim bridge financing to close on a