Highland Commercial Mortgage is a mission driven organization established for the purpose of providing financing needs for the development of multifamily and healthcare projects to meet the growing demand for housing at every level of income and every stage of life.
At Highland Commercial Mortgage, we are committed to providing you with an experienced team of loan originators, underwriters and servicing specialists to help see your projects through to development.Highland Commercial Mortgage is a national leader in facilitating financing for multifamily developments.
At Highland Commercial Mortgage, we are committed to providing you with an experienced team of loan originators, underwriters and servicing specialists to help see your projects through to development.Highland Commercial Mortgage is a national leader in facilitating financing for multifamily developments.
Services
Our team works closely with developers, non-profit housing organizations, and large property managers, providing us a strong foundation within the industry. We have a long-standing professional relationship with the HUD staff, spanning over 50 years, which has allowed us to process loans more efficiently.
Highland Commercial Mortgage has a rich history dating back to its original conception in 1969. It has since evolved into a successful, customer-centric, FHA MAP & LEAN Approved Lender. John O. Moore, Sr. developed the FHA Project Mortgage Department of Molton, Allen and Williams specializing in financing apartments and health care facilities insured by FHA.
HCM is a LEAN approved lender and offers financing for the acquisitions, construction, substantial rehabilitation or refinance of existing debt on all types of healthcare facilities through FHA. The types of facilities that we finance include skilled nursing, assisted living, and memory care facilities (up to 25 - 30% of a healthcare facility can have an independent living component).
As an approved Multifamily Accelerated Processing (MAP) lender, Highland Commercial Mortgage is authorized by HUD to originate, underwrite and close FHA-insured loans through HUD for both for-profit and not-for-profit borrowers. HCM provides its clients with the added advantage of tax-exempt and taxable bond financing capabilities that can be further supported with tax credits and subordinated debt options.
Have at least 90% of its units covered by a Section 8 Project Based Rental Assistance (PBRA) contract or other federal rental assistance program contract serving very low income residents, with a remaining term of at least 15 years; or.
Have at least 90% of its units covered by an affordability use restriction under the Low Income Housing Tax Credit ("LIHTC") program or similar state or locally sponsored program, with achievable and underwritten tax credit rents at least 10% below comparable market rents, and with a recorded regulatory agreement in effect for at least 15 years after final endorsement and monitored by a public entity.
Have at least 90% of its units covered by an affordability use restriction under the Low Income Housing Tax Credit ("LIHTC") program or similar state or locally sponsored program, with achievable and underwritten tax credit rents at least 10% below comparable market rents, and with a recorded regulatory agreement in effect for at least 15 years after final endorsement and monitored by a public entity.
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