HUD/FHA Financing
HUD/FHA Multifamily Loans in Bloomington, IL
Bloomington-Normal is a stable central Illinois market anchored by State Farm's global headquarters, Illinois State University, and Illinois Wesleyan University, providing consistent demand for office, retail, and multifamily. The market's institutional employers create recession-resistant commercial fundamentals.
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HUD/FHA Financing for Bloomington Commercial Properties
CLS CRE provides hud/fha multifamily loans for commercial real estate investors in the Bloomington-Normal market. With access to 1,000+ lender relationships nationwide, we source the most competitive terms available for Bloomington properties.
Loan Amount
$5M to $100M+
Term
35 to 40 Years
Rates
5.25% to 6.75%
Ltv
Up to 85% LTV (90% for affordable)
Amortization
Fully Amortizing
Recourse
Non-Recourse
Other Financing in Bloomington
Permanent Loans
Bloomington, IL
Construction Loans
Bloomington, IL
Bridge Loans
Bloomington, IL
SBA Loans
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Mezzanine & Preferred Equity
Bloomington, IL
Specialty Financing
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Agency Loans
Bloomington, IL
CMBS Loans
Bloomington, IL
Net Lease Financing
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Life Company Loans
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DSCR Loans
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Hard Money Loans
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Portfolio Loans
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Fix and Flip Loans
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Stated Income Loans
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Property Types in Bloomington
Explore financing by property type in the Bloomington-Normal market.
FAQ
HUD/FHA Multifamily Loans in Bloomington FAQ
The best commercial lenders in Bloomington depend on your property type and loan needs. CLS CRE works with 1,000+ banks, life insurance companies, debt funds, CMBS conduits, and agency lenders to find the most competitive hud/fha multifamily loans financing for your Bloomington property. Contact us for a customized lender recommendation.
Current hud/fha multifamily loans rates in Bloomington range from 5.34% to 8.25%, depending on the lender, property type, and borrower qualifications. Rates in the Bloomington-Normal market are influenced by local market conditions, property quality, and competition among lenders.
Commercial loan closings in Bloomington typically take 45-90 days for permanent financing and 2-4 weeks for bridge loans. Timelines depend on the lender type, property complexity, and local requirements such as environmental reviews and appraisal turnaround times.
Not necessarily. While local banks and credit unions in Bloomington offer relationship-based lending, national lenders (life companies, CMBS, agency) often provide more competitive rates and terms. CLS CRE sources capital from both local and national lenders to find the best fit.
In the Bloomington-Normal market, the most financeable property types currently include multifamily apartments, industrial warehouses, and well-tenanted retail — all driven by strong local demand and favorable lender appetite. Contact CLS CRE for a market-specific financing assessment.
Get HUD/FHA Financing in Bloomington
Contact Commercial Lending Solutions for a free, no-obligation hud/fha loan quote for your Bloomington commercial property.
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