Columbus, Ohio-based Red Mortgage Capital, LLC recently processed and funded more than $43 million of non-recourse FHA financing for properties in three states.
GNMA/FHA Section 223(f) financing recently was secured in the amount of $24.4 million for La Serena at the Heights, a 360-unit multi-family community located in Henderson, Nevada. GNMA/FHA Section 223(a)(7) existing insured refinances also were completed in the amounts of $12.6 million for the 158-unit 901 Place Apartments in Charlotte, N.C., and $3.4 million for the 144-unit Hideaway Apartments and $2.5 million for the 78-unit Hideaway Townhomes in Westerville, Ohio.
