FHA programs. berkpoint.com

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1 FHA programs berkpoint.com

2 a leader in the FHA space we offer a depth of market knowledge and experience throughout the USA national footprint over 300 employees strategically positioned across the country

3 why berkeley point? We are one of the nation s founding providers of multifamily financing We offer a full complement of Fannie Mae, Freddie Mac, FHA, CMBS and Life Company products Our 30-year history of multifamily loan originations, underwriting, closing, servicing and asset management Our $57.9B in combined production with CCRE since 2010 We are ranked top five Fannie Mae and Freddie Mac Lenders in 2016 We are an established leader in the area of Large Portfolio and Structured transactions We are capitalized by strong institutional sponsorship strong parent & affiliate relationships

4 the berkeley point FHA advantage We pride ourselves on a team-based engagement model, which allows for the delivery of customized capital solutions unique to each borrower s particular situation. As a result, Berkeley Point Capital has earned a reputation for extraordinary service and top-notch guidance, allowing us to offer our clients speed, creativity, ease of interface and certainty of execution from beginning to end. berkpoint.com

5 our breadth of experience and depth of knowledge sets us apart a legacy of proven results Average of 20 years experience among senior management, underwriters, closers, asset management and servicing team members Extensive knowledge of structure types and credit exceptions Our underwriters know the programs and the process so we can guide our borrowers through the financing with certainty and speed deep relationships with FHA Constant collaboration to create innovative financing solutions Team includes previous senior HUD officials who help to maintain valuable relationships with all HUD offices borrower-focused Hands-on service from origination, underwriting, construction management and loan servicing Continuously exceeding the customer capital solution needs of our clients

6 berkeley point history Founded as Berkshire Mortgage Finance Merging of 3 Regional Firms as Berkshire Mortgage creates the first national multifamily platform and the country s top GSE lender Acquired by Deutsche Bank Acquired by entities affiliated with WL Ross & Co. LLC & Ranieri Real Estate Partners LP CCRE, a top diversified commercial real estate lending platform, acquired the newly named Berkeley Point Capital, creating the country s largest non-bank platform ARA, one of the nation s largest apartment investment sales platforms, merged with Newmark and joins BPC/CCRE in the Cantor Fitzgerald family of companies, cementing BPC s position as a premier multifamily solutions provider Berkeley Point proudly celebrates its 30 th year of exceptional people creating extraordinary capital solutions berkpoint.com

7 $58+ billion servicing portfolio representing in excess of 3,200 loans in 48 states and the District of Columbia

8 FHA programs Multifamily Affordable Elderly Skilled Nursing Assisted Living Board and Care Hospitals berkeley point capital provides access to a wide range of competitive financing options to meet each client s unique needs: Least expensive, long-term, non-recourse, permanent financing available in the market Interest rates are fixed for the life of the loan; fully amortizing terms of up to 35 years for the refinancing programs and up to 40 years for the construction programs (plus 2 years for construction period) Assumable Streamline refinance (223(a)(7)) HUD s LEAN Program provides a simplified process for senior housing & healthcare transactions Integrated construction & permanent loans with no lease-up exposure (40-year loan) Reduced MIP for Green Properties and Affordable Properties of 25 and 35 bps

9 berkeley point FHA programs section 221(d)(4)/220 section 223(f) section 232 section 232 pursuant to section 223(f) New construction or substantial rehabilitation of apartments Acquisition or refinance of apartments New construction or substantial rehabilitation for health care facilities; processed through LEAN Acquisition or refinance of health care facilities, including skilled nursing, assisted living, and board & care section 223(f) LIHTC Streamlined processing (direct to firm commitment) for affordable rental apartments with 4% or 9% LIHTCs including projects with Section 8 HAP contracts section 223(a)(7) section 241 Streamlined refinance of existing FHA Insured Mortgages (to reduce the interest rate and pay associated costs) Supplemental loan program for renovation or expansion of existing FHA insured multifamily properties and health care properties section 242 New construction or substantial rehabilitation of acute care facilities including critical access hospitals

10 addressing financing needs Acquisition Refinance Bridge loans Second mortgages Streamline refinance (223(a)(7)) Tax-exempt / tax-credit / rehab & preservation Integrated construction and permanent loans Tax credit financing and tax-exempt bond financing with or without credits Project-based Section 8, Hope VI transactions, Section 202 refinancings Short term bonds with 4% tax credits

11 Expertise in due diligence and analysis of every aspect of the loan from screening to closing underwriting Extensive experience in, and underwriting of, market rate and affordable properties Underwriters complete rigorous certification through BPC proprietary training program FHA underwriters participate in various HUD trainings including MAP, LEAN, LIHTC and RAD programs closing & trading Dedicated FHA closing department coordinates all aspects of loan closing and delivery BPC trades its own Fannie Mae MBS and Ginnie Mae bonds to third-party investors, resulting in better pricing and faster execution servicing & asset management Offices on East and West Coasts Rated primary servicer (Fitch CPS2; S&P Above Average; KBRS) / special servicer (Fitch CSS3+; S&P Average) Conventional and special asset management capabilities berkpoint.com

12 our diverse expertise Diverse in nature and scope, our nationwide servicing portfolio includes permanent loans, construction and forward products, mezzanine financing and negotiated/multi-asset transaction loans. Loans serviced are secured by multifamily, healthcare, lodging, mobile home parks, office, retail, self-storage, industrial and mixed-use properties. Our robust asset management and servicing platform provides risk management, collateral management, loan servicing, construction loan administration, special servicing and workout expertise. We use the best servicing technology available, which provides our team with a highly specialized monitoring system and infrastructure, enhancing customer service for both our borrowers and our capital providers. berkpoint.com

13 a superior customer service experience our dedicated team of FHA experts will be with you throughout the life of your loan

14 berkeley point capital exceptional people creating extraordinary capital solutions conventional multi-housing affordable housing cooperative housing manufactured housing new construction seniors housing & healthcare student housing

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16 To see more properties financed by Berkeley Point Capital, please go to the Berkeley Point Deal Library on This information was created as of 4/30/17 and is subject to change. This material was written to support the marketing of the transactions or topics it addresses and production figures referenced are subject to ongoing change. Availability of products and designs discussed are based on eligibility and underwriting and are subject to change.