Frequently asked questions about Pillar and HUD financing

No. Pillar does not make, fund or underwrite loans. Pillar sizes HUD/FHA deals, prepares lender-ready packages, and connects property owners with third-party HUD-approved lenders, who make all credit and underwriting decisions under HUD requirements.

Pillar supports FHA 223(f) and 221(d)(4) for multifamily, and FHA Section 232 for healthcare and seniors housing, including skilled nursing, assisted living and residential care. Additional HUD/FHA programs are added as our lending partners need them.

Pillar is an AI-powered origination support company for HUD/FHA lenders. We find and engage property owners, size their deals against HUD program parameters, and deliver a draft term sheet and organized project file, so your team receives deals that are ready for underwriting.

Pillar's HUD-aware calculator sizes each deal against the constraints of the target program — debt service coverage (DSCR), loan-to-value or loan-to-cost, and debt yield — and reports which constraint limits the loan. Sizing takes minutes instead of days and is a starting point for the lender's own underwriting.

Each Pillar deal package includes an engaged property owner, a program-specific loan sizing, a draft term sheet, and the project information organized the way HUD applications require it.

No. Pillar automates the repeatable parts of origination — outreach, sizing and document drafting — so your underwriters spend their time on credit judgment, third-party reports and HUD submission.

Email us at hello@pillar-lending.com — we'd love to hear from you and talk about how Pillar can support your team.

The amount you can borrow with a HUD loan is the lowest of the limits set by the program's debt service coverage (DSCR), loan-to-value or loan-to-cost, and other program rules. Pillar runs your property against all of them and shows you which one sets your loan amount — free.

HUD loans take longer to close than conventional financing, and an incomplete application is the most common cause of delay. Submitting a complete, well-organized package from day one is the biggest factor an owner controls — that is what Pillar prepares.

Pillar's initial HUD loan sizing is free and carries no obligation.

To get started, you only need basic property information: type, location, number of units or beds, estimated value or project cost, and your goal. If the property fits a HUD program, Pillar tells you exactly which documents come next.

A HUD 223(f) loan is an FHA-insured mortgage for refinancing or buying an existing apartment property. It offers a fixed rate, a term of up to 35 years, full amortization and non-recourse terms, and can be used for market-rate or affordable multifamily housing.

A HUD 221(d)(4) loan is an FHA-insured mortgage for building new apartments or substantially rehabilitating existing ones. A single loan covers construction and permanent financing, with interest-only payments during construction and a fixed-rate, non-recourse term of up to 40 years after that.

A HUD 232 loan is an FHA-insured mortgage for healthcare and seniors housing facilities, including skilled nursing, assisted living, memory care and board-and-care homes. It can be used to refinance, acquire, build or substantially rehabilitate a facility, with long-term, fixed-rate, non-recourse financing.