Scott Kendall
  • Evanston, IL

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Profile Information

Location (City, State) (Province, Country)
Evanston, IL
A Bit About Me
Our team has financed over $1,000,000,000 in Apartment and Healthcare Loans since 1985. We provide Fannie Mae, Freddie Mac and FHA loans. Currently working on $400,000,000 FHA 242 Hospital New Construction, FHA 223 (f) Loans, FNMA Small Apartment Loans and FHA 232 LEAN refinances and new construction.

Scott Kendall (847) 903-7578
Charles Kendall (773) 259-7074
Which Best Describes You? (Pick All That Apply)
Commercial Broker, Direct Lender, Project Funding Facilitator
What Do You Need
Apartment and Healthcare Loans, Equity for Apartment Development, Busted Condo deals at discount
What Do You Offer
FHA Fanne Mae Freddie Mac Multifamily and Healthcare. Affordable Housing Loans, Tax Credit Buyer Introductions, TIF Notes, Hospital Loans, I sell notes for hedge funds that need cash. Distressed Real Estate Sales
Website URL
LinkedIn, Twitter, Facebook, Skype Address

Scott Kendall's Blog

Apartment Loans Historic Low 35 years fixed near 4% FHA 223F FNMA under 5%

Apartment Loan rates are near historic lows and loans are closing.


Kendall closes four small Chicago Apartment Loans last week and we are funding 4 more next month.


Kendall also arranged a $2,130,000 apartment refinance for renovated apartment building on Glenlake Ave. in Chicago, IL the loan had an interest rate of 5%. It was used to pay off private bank who discounted the original condo construction by $500,000 so that the loan would not go into default as…


Posted on August 21, 2011 at 3:06pm

FNMA DUS Apartment Loans

We are looking to expand FNMA DUS lending for large apartment loans on a national basis and FNMA Small Apartment Loans in Chicago. Rates are 4.75% for DUS loans and about 5.00% for ten year FNMA Small apartment loans.

We are closing Apartment Loans with a loan amounts above $750,000

For more information on our Apartment Loan programs go to: Apartment Loans



Posted on August 7, 2010 at 2:00pm

FHA 223(f) Apartment Lender Changes to Underwriting

FHA has now changed several important underwriting rules. For FHA 223(f) apartment loans cash out will be limited to 75% loan to value and DSC will be 1.20 to 1. The waiver of the the three year rule for new construction was also extended for one more year.

For FHA 221(d)(4) new construction the loan to cost was reduced and the working capital was doubled. More detail at

Posted on March 18, 2010 at 1:30pm

FHA Apartment Loan Rates

FHA 223(f) and 232/223(f) rates are near 5% plus MIP. FHA 221(d) and other construction loans are near 6% plus MIP.

FHA 223(f) thirty five years fixed no balloon, 80% cash out, 85% no cash out loan 1.17 DSC

Posted on January 15, 2010 at 11:04am

Apartment Refinance FHA 223(f) Waivers of Three Year Rule

FHA has issued a new rule allowing waivers of the three year rule for apartments to refinance with FHA.

Now any property with a certificate of occupancy prior to applying for FHA 232(f) is allowed to request this waiver.

Loan to value 85% no cash out 80% maximum cash out

Fannie Mae and Freddie Mac apartment loans 75% to 80% purchases and no cash out refinance.

FHA issued new rules allowing hospital refinancing without construction FHA… Continue

Posted on August 19, 2009 at 8:49am

Comment Wall (1 comment)

You need to be a member of COMMERCIAL REAL ESTATE PROFESSIONALS & INVESTORS GROUP to add comments!


At 11:06am on February 5, 2009, Leighton Virtue said…
Greetings Scott...I think that we must speak soon. I Am an Investor, and I work with a very large network of Investors who have the capability to purchase notes of this calibre.

I will call you regarding this.


Leighton O. Virtue


"Early Adopter Upside with 90% Downside Protection" Sale is now live with up to 6X bonuses


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