2200 North Loop West
Ste. 230
Houston, TX 77018

713.358.8450
866.491.9158
7600 Burnet Road,
Suite 290
Austin  Texas 
78757
329 Sutton Place
Richardson, Texas 75080

117 W. Highland,
Suite 101
Boerne, Texas 78006

 
  Proud to be a Woman-owned Business Enterprise    
       
 

HUD MAP Market Studies and Appraisals

HUD MAP market studies and appraisals are prepared as a part of the underwriting process for financing multi-family housing provided by HUD.  HUD is an acronym for Housing and Urban Development, a department of the U.S. Government.  MAP is an acronym for multi-family accelerated processing.

HUD’s MAP program was implemented to expedite HUD 221 d 4 lending programs for existing and proposed multi-family.  Some real estate investors and mortgage brokers had become disenchanted with the time necessary to complete a HUD financing transaction.  They were delighted with the non-recourse provisions, interest rates, loan to value ration and amortization period.  However, the time required to close a loan made it impractical for many transactions.

HUD MAP has revised the process to have borrowers obtain and organize all documentation prior to submitting an application. Once HUD MAP revised the complete application and it has been submitted, the local HUD office has 30 days to review and accept or reject the application.

Market studies and appraisals for HUD MAP are similar in concept to other market studies and appraisals.  However in HUD MAP, there are numerous detailed criteria.  Strict compliance with these criteria is mandatory.

The Sage Group team has prepared thousands of appraisals and market studies for apartments.  Many of these have been prepared in conjunction with HUD financing.

Sage Group is a national network of appraisers working together to provide a single source of information and analysis for
commercial real estate professionals across the country. Their expertise includes valuing partial interests, business personal property, real estate, business enterprise value, purchase price allocation for businesses, valuation for property tax appeals, estate tax valuation, expert witness testimony and valuation for condemnation.

To obtain a quote or further information for a HUD MAP Market Studies and Appraisals, contact John Fisher at 713-375-4300,
1-800-856-7325 x 4300, or fill out our online form.

 

 

Sage Appraisal Network
Home
Services
Appraisal Request
About Us
News and Articles
Industry Links
Contact Us

 

© Sage Group/Sage Appraisal Network