Our rates are low, our application is quick and easy! We can get you clear to close in as little as 10 days!
NMLS ID # NMLS # 228246
William Rapp, based in Houston, TX, US, is currently a Capital Advisor at Medallion Funds, bringing experience from previous roles at eXp Commercial, NEXA Mortgage, Viking Enterprise LLC and Sun Realty - Houston. William Rapp holds a 1997 - 2001 BBA in Finance @ Texas A&M University. With a robust skill set that includes REO, Sellers, SFR, FHA financing, Reverse Mortgages and more, William Rapp contributes valuable insights to the industry.
Great experience purchasing our first home! Bill was easy to reach and always able to answer any questions or concerns.
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š¦ How to Finance Workforce Housing with DSCR, SBA, and Bridge Loans š¼
šø Financing Workforce Housing: A New Path for Multifamily Investors š
šļø Why Workforce Housing Is the Next Big Multifamily Trend ā And How to Finance It
At Medallion Mortgage, weāve been tracking a powerful trend: the surge in demand for workforce housing. Developers are pivoting. Investors are calling. And lendersāourselves includedāare getting creative with deal structures that support this movement.
Workforce housing refers to multifamily properties targeting middle-income earnersānurses, first responders, retail managersāwho donāt qualify for subsidized housing but canāt afford luxury rentals. The sweet spot? Rents that are 80ā120% of the Area Median Income (AMI).
Whether youāre purchasing, refinancing, or repositioning a multifamily property for workforce tenants, here are the top tools we recommend:
DSCR Loans: Ideal for stabilized properties with cash flow.
Bridge Loans: Use for value-add or repositioning strategies.
SBA 7(a) or 504: Perfect for owner-occupied models.
Construction-to-Perm: For new ground-up workforce housing projects.
Agency Financing: Fannie/Freddie love affordable & workforce housing deals.
Workforce housing projects tend to have strong occupancy, lower turnover, and long-term tenants. Combine that with demand from cities encouraging mixed-income developments, and youāve got a product lenders can get behind.
If youāre planning a workforce housing project, or refinancing to reposition a building for workforce tenantsāletās build a financing strategy that maximizes leverage and minimizes risk.
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Ā© 2023-2024 Bill Rapp, Medallion Funds LLC, Director of Capital Advisory
Buying your first home can be both exciting and nerve-wracking at the same time. With so many things to consider and....
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Lorem Ipsum is simply dummy text of the printing and typesetting industry. Lorem Ipsum has been the industry's standard dummy
Copyright ©2021 | Mortgage Viking Team
Licensed to Do Business | NMLS # 228246
This is not an offer to enter into an agreement. Not all customers will qualify. Information, rates and programs are subject to change without notice. All products are subject to credit and property approval. Other restrictions and limitations may apply. Copyright Ā© 2021 | Medallion Funds
Corporate | NMLS ID NMLS # 1825831
Corporate Address : 2651 N. Green Valley Pkwy STE. 101 Henderson, NV 89014
Corporate NMLS NMLS # 1825831 | Company Website: https://medallionfunds.com/bill-rapp/
Copyright ©2021 | Mortgage Viking Team Licensed to Do Business | NMLS # 228246
This is not an offer to enter into an agreement. Not all customers will qualify. Information, rates and programs are subject to change without notice. All products are subject to credit and property approval. Other restrictions and limitations may apply
Corporate | NMLS ID NMLS # 1825831
Corporate Address : 2651 N. Green Valley Pkwy STE. 101 Henderson, NV 89014 https://medallionfunds.com/bill-rapp/
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