Spokane, Washington Area Real Estate Agent Ohanarealtygroup Jan 2015 - Mar 2017 2 years 3 months. Synergy has also refinanced projects through Freddie Mac and continues to look for competitive financing in the marketplace. Synergy Properties LLC Mar 2017 - Present 6 years 7 months. All properties are smoke-free and some allow small p ets. All of our rentals are updated and maintained by our own professional staff to ensure a safe, worry free living for you. The program is NOT a rent-subsidized program requiring affordable or low-income housing. Synergy Properties also offers clean, updated homes on short term, 1 year or 2 year leases. The 221(d)4 and 232 programs provide developers and investors the opportunity to develop market-rate product with conventional type financing, insured by HUD. The Synergy Properties Group is a local real estate brokerage focusing in the Greater Spokane Area and Eastern Washington. While there are many benefits to the program, one financial benefit is theįixed-rate forty (40) year amortization period that reduces the annual debt service, increasing cash flow. Synergy has developed multi-family projects under the HUD programs over the past ten years, which offer high-leverage, non-recourse financing throughout construction and the permanent loan term with only one closing. Synergy utilizes a variety of funding sources, including conventional financing and the 221(d)4 and 232 HUD programs. is a holding company that acts as the development partner for its developments,Īnd in most cases, partners with an equity investor to complete its projects.
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