BSPRA (Builder and Sponsor Profit and Risk Allowance) is often utilized to reduce the equity required out of pocket at closing in a HUD 221(d)(4) loan, but little information is available online that explains how it works. This video explains the basics, provides examples, and details considerations you should have when thinking about securing the credit.
A copy of our BSPRA whitepaper is available here https://www.dropbox.com/s/z0d1gepip6k...
www.bedfordlending.com
Presented by:
Kyle Jean
[email protected]
6036474646