Multifamily Housing Financial Expertise
Multifamily Housing Expertise Section: Rose Community Capital (RCC) is a team of financing experts with a passion for multifamily housing finance. We strongly believe that high-quality housing and development can transform communities and create opportunities for families at all income levels.
A designated FHA Multifamily Accelerated Processing (MAP) and USDA 538 lender, we focus on the origination, underwriting, and placement of FHA and USDA insured multifamily mortgage loans. We have deep knowledge of – and long experience in – navigating the intricacies of FHA, HUD, and USDA requirements and procedures. That can be of significant value to you.
Our Experienced Team
Our company includes industry veterans and former HUD and USDA professionals that are focused on getting your deal to the finish line as quickly as possible. With a genuine passion for what we do and dedication to details, we become not simply your financing facilitator but your trusted partner.
FHA and USDA Knowledge and Experience
We specialize in securing the FHA and USDA 538 backed financing developers and owners need to create and preserve multifamily communities across the country.
We help create and preserve affordable and retail assisted housing via access to affordable bridge financing for properties that have as their permanent financing an FHA-insured loan or USDA 538 Guarantee Loan.
FHA New Construction/Sub-Rehab Loans
As a HUD-approved MAP lender, we can arrange for construction and permanent loan financing under the FHA Section 221(d)(4) of the National Housing Act.
FHA Acquisition or Refinance Loans
As a HUD-approved MAP lender, we can arrange for acquisition, refinance, cash-out, moderate rehab and construction loan take-out permanent loans under FHA Section 223(f) of the National Housing act.
Welcome Edgar Morales!
Rose Community Capital is pleased to welcome Edgar Morales as our new Director of FHA & USDA Rural Development Loan Originations. Edgar is a pillar in the multifamily housing industry, bringing more than 30 years of experience to the team. Under Edgar’s leadership, RCC is excited to announce that we have added the 538 Program to our lending platform.
Our Person-to-Person Approach
At Rose Community Capital, we deal with numbers—but we work with people. Over our 20 years of success, we have earned the trust of clients like you by adhering to the highest standards in consistent execution, thorough attention to detail, and unquestioned integrity.
Closings Project List
Rose Community Capital Closings
Type of Loan: 221(d)(4) Sub Rehab
Loan Amount: $20,334,300
Rose Community Capital is pleased to announce the recent substantial rehab financing for Sunny Garden Apartments (4% LIHTC) located in La Puente, CA. Sunny Garden Apartments is a 95-unit senior affordable project that provides income-restricted units at 50%, 80% and 120% AMI.
Type of Loan: Bridge to FHA
Loan Amount: $11,400,000
Rose Community Capital is pleased to announce a recent Bridge to FHA financing for an affordable housing community known as Savannah Summit, in Savannah, Georgia. The Owner will rehab the project with an allocation of Low-Income Housing Tax Credits (LIHTCs) made available by the state of Georgia. The perm financing is expected to close in June, 2021.
Type of Loan: Bridge Loan
Loan Amount: $7,680,900
Rose Community Capital is pleased to announce the recent refinance of Normandie Lofts in Los Angeles, CA. The subject property is located in an area known as “Koreatown” or “Wilshire Center” (also historically known as “Mid-Wilshire”).
Type of Loan: 223(f)
Loan Amount: $32,463,000
Rose Community Capital is pleased to announce a recent HUD MAP “heavy” 223(f) financing for an affordable housing community known as Community Arms Apartments, in Pasadena, CA. The Owner built this project for the benefit of the community in 1973 and has continuously operated it for the past 50 years.Find out more
Type of Loan: Bridge to FHA
Loan Amount: $6,175,000
Rose Community Capital is pleased to announce a recent Bridge to FHA financing for an affordable housing community known as Ashtabula Towers, in Ashtabula, Ohio. The Owner will rehab the project with an allocation of Low-Income Housing Tax Credits (LIHTCs) made available by the state of Ohio. The perm financing is expected to close in July, 2021.Find out more