Details of Multifamily FHA Insured Loan Programs
- FOR NEW CONSTRUCTION OR SUBSTANTIAL REHABILITATION OF MULTIFAMILY RENTAL APARTMENTS: SECTIONS 220 & 221(d)4 FHA INSURED
- FINANCING FOR ACQUISITION OR REFINANCE OF EXISTING MULTIFAMILY RENTAL HOUSING: SECTION 223(f) FHA INSURED
About Daniel R. Crain
Danny Crain has spent most of his 30-year career involved with apartment financing and mortgage banking. Just prior to founding Crain Mortgage Group, LLC in 2009, Danny spent 10 years as Senior VP for GMAC Commercial Mortgage Company and was successful in closing over $500,000,000 in FHA multifamily loans. His career closings, however, well exceed $2 billion.
Intimately involved in multifamily financing since 1981, Danny actually helped close the third ever coinsurance loan in the country in 1983, making him a bit of a mortgage pioneer. Other work experience includes originating FHA loans in the Southwest for TRI Capital, overseeing the liquidation of 580 subsidiaries of failed Savings & Loans as an Asset Manager for the Resolution Trust Corporation, and employed by Fannie Mae in the Multifamily area as a Senior Investment Officer for the seven state area centered in Texas.
Danny earned his Juris Doctorate in 1977 and is a member the Texas Bar Association, Oklahoma Bar Association and the California Bar Association. He also maintains his real estate broker's license in both Texas and Oklahoma.
