Approved Federal Housing Administration (FHA) Multifamily Accelerated Processing (MAP) Lender, specializing in apartment mortgages.
Founded in 2009, Crain Mortgage Group provides construction and permanent loans for apartment properties primarily in the South Central region of the United States (Texas, Oklahoma and Arkansas). The firm’s demonstrated expertise has resulted in its involvement in the closing of nearly $100 million in FHA apartment loans in the 2011 alone. These loans have included financing as large as $25 million for a new construction property, and as small as a $1.6 million refinance project. In fact, we take a special interest and give dedicated attention to smaller apartment loan requests (typically projects of 30-150 units).
CMG’s status as an approved HUD Map Lender allows us to handle all of the processing and underwriting of your loan through final commitment by FHA.
We provide expert handling of long-term, non-recourse, fixed rate, FHA Multifamily insured loans for:
- New Construction
We protect brokers and banks for referrals given to us pursuant to FHA Guidelines.
Member of the Mortgage Bankers Association of America and the Southwest Mortgagee Advisory Council.