Hessel Aluise & O’Leary, P.C.
Underwriting and Structuring Issues and Loan Closing

Lender Representation:

Underwriting and Structuring Issues and Loan Closing

HAO attorneys are well-versed in the wide range of issues associated with documenting and closing FHA insured loans -- multifamily, elderly, and health care facility loans.  In many cases, these transactions involve use and affordability restrictions, other debt or equity financing, and/or a framework of rules and policy governing receipt of federal rental assistance.  HAO attorneys offer clients experienced advice on understanding how such factors affect their underwriting and risk concerns.  Our extensive relationships with HUD field office production staff and counsel throughout the country help to facilitate cost effective and smooth closings for our clients.  We believe in a “driving the bus” philosophy, using our expertise to identify and resolve issues and coordinate efforts to ensure that transactions are completed in a timely fashion.  Such experience extends to the following programs:

  • FHA insured new construction and substantial rehab loans (Section 221(d)(3) and (4), 220, 231)
  • FHA insured refinancing loans (223(f), 223(a)(7))
  • Other FHA insured products (Section 241 supplementals, 223(d) operating loss loans, etc.)
  • LEAN Processing (232/223f, 232)
  • Hospital loans (242)
  • HUD risk mitigation requirements
  • Bond transactions
  • Secondary financing structures and FHA/Risk Share Loan Program
  • Rental assistance issues
  • Drafting and/or review of Engagement Letters, Permanent Financing Commitments, Rate Lock Agreements, and related documents


Lender Representation
Underwriting & Structuring Issues and Loan Closing
Originating, Regulatory Compliance and Servicing Issues
Troubled Properties
Ginnie Mae MBS Issuer

Hessel Aluise & O’Leary, P.C., 1730 Rhode Island Avenue NW, Suite 900, Washington, DC 20036
Telephone: 202-466-5300 Facsimile: 202-466-5508