WHEDA’s rate matches the Lender’s rate when sharing the same collateral position, or
the rate will be risk based if WHEDA is assuming a subordinated collateral position. The
Lender may retain a servicing fee up to 25 basis points from the rate paid to WHEDA.
Maximum WHEDA participation is $2 million.
A minimum of 50% of the total project lending to be made by a Participating Lender(s).
Typically pro-rata shared lien but subordinate lien positions may be considered on a case
by case basis and is subject to risk based pricing.
Maximum 90% LTV on a project basis.
110% of market value, 80% of liquidation value, minimum.
Personal guarantees will be requested.