ENROLLMENT PREVIEW

Master 90% LTV HUD Financing and LIHTC Syndication in 4 Intensive Days

Learn the proven strategies Prime Meridian's senior team uses to structure $250M+ in HUD and LIHTC deals—from capital stack optimization to investor presentations and deal execution.

100+
Professionals Trained
$468M+
Student Deals Closed
60+
Years Combined Experience

Why HUD & LIHTC Syndication?

Traditional real estate investing hits a ceiling. To scale beyond standard multifamily acquisitions and developments; and to reach an enhanced deal flow, you need access to federal financing programs that unlock 90% LTV/LTC leverage and tax credit capital.

HUD financing programs like 221(d)(4) and 223(f), combined with either a 4% or a 9% LIHTC structure, allow trained & experienced developers to access $162M+ in development capital with minimal equity requirements, generate 25-35% IRRs through optimized capital stacks, build recession-resistant portfolios backed by federal guarantees, and create predictable cash flow through Section 8 and affordable housing programs.

The challenge? These programs are complex, heavily regulated, and require specialized knowledge to navigate successfully. That's where this Masterclass comes in.

What You'll Master

Comprehensive training in HUD and LIHTC syndication from industry experts with decades of experience structuring $250M+ in deals

Financial & Terminology

Master the intricacies of 90% LTC/LTV HUD financing, underwriting requirements, and approval processes for multifamily developments. Understand the difference between 221(d)(4) new construction financing and 223(f) acquisition/rehab programs.

Confidently evaluate which HUD program fits your deal parameters

Capital Stack Structures

Learn to structure optimal capital stacks by combining either a 4% or a 9% LIHTC tax credit with HUD financing for maximum investor returns. Understand how to layer senior debt, mezzanine debt & preferred equity, within a syndication process.

Build capital stacks that attract trained & experienced investors

Deal Structuring & Due Diligence

Develop expertise in financial modeling, IRR optimization, and creating investment packages that attract various types of capital. Learn Prime Meridian's proprietary syndication framework and proper due diligence analysis.

Generate a 15 year Pro-Forma and a Sources & Uses (SU)

Capital Sources & Investor Agreements

Build skills in syndication, investor communications, and managing capital raises for HUD-funded affordable housing projects. Understand LP/GP structures, waterfall distributions, and preferred return mechanics.

Successfully raise equity from family offices, funds, and high-net-worth individuals

Regulatory Compliance

Navigate complex federal regulations, compliance requirements, and documentation obligations for HUD and LIHTC programs. Understand Davis-Bacon wage requirements, environmental reviews, and ongoing asset management compliance.

Avoid costly compliance violations and maintain a good standing with HUD

Real-Deal Setup

Create an actual Prime Meridian deal from concept to completion, including capital stack, returns, and HUD/LIHTC application and compliance. See exactly how we structure a $50+M multifamily development with 90% HUD financing and 4% LIHTC.

We will help you apply our proven framework to your own deal immediately after the course.

Intensive 4-Day Curriculum

Structured learning path from fundamentals to advanced syndication strategies

Day 1

HUD & LIHTC Fundamentals

Morning Session (8:30 AM - 12:00 PM)

  • Overview of HUD multifamily programs: 221(d)(4), 223(f), 223(a)(7)
  • Understanding 90% LTV/LTC financing mechanics
  • HUD underwriting standards and approval timelines
  • Eligible property types and borrower requirements

Afternoon Session (1:00 PM - 5:00 PM)

  • LIHTC program overview: 4% vs 9% credits
  • State allocation processes and competitive scoring
  • Income restrictions and rent limitations
  • Compliance periods and extended use agreements

Key Takeaway: By end of Day 1, you'll know which HUD program and LIHTC structure fits your deal parameters

Day 2

Capital Stack Structuring

Morning Session (8:30 AM - 12:00 PM)

  • Optimal debt-to-equity ratios for HUD deals
  • Layering HUD first mortgage with LIHTC equity
  • Mezzanine debt and preferred equity structures
  • Tax credit syndication pricing and investor returns

Afternoon Session (1:00 PM - 5:00 PM)

  • Gap financing sources: grants, seller financing, deferred developer fees
  • Waterfall distribution structures and preferred returns
  • LP/GP splits and promote structures
  • Case study: $52M multifamily capital stack breakdown

Key Takeaway: Build institutional-grade capital stacks that maximize leverage while delivering competitive investor returns

Day 3

Financial Modeling & Underwriting

Morning Session (8:30 AM - 12:00 PM)

  • Pro forma development and 15-year projections
  • IRR and equity multiple calculations
  • Sensitivity analysis: rent growth, vacancy, exit cap rates
  • Investor return projections and distribution schedules

Afternoon Session (1:00 PM - 5:00 PM)

  • HUD underwriting requirements and debt service coverage
  • Operating expense benchmarking and reserves
  • Construction budgeting and contingency planning
  • Risk assessment and mitigation strategies

Key Takeaway: Produce institutional-quality underwriting that passes HUD scrutiny and attracts sophisticated capital

Day 4

Deal Execution & Management

Morning Session (8:30 AM - 12:00 PM)

  • HUD application process and required documentation
  • Working with HUD-approved lenders and MAP consultants
  • Environmental reviews, appraisals, and third-party reports
  • Timeline management: from application to closing (12-18 months)

Afternoon Session (1:00 PM - 5:00 PM)

  • Investor presentations and capital raise strategies
  • Legal structures: LLC, LP, syndication agreements
  • Ongoing compliance and reporting requirements
  • Asset management best practices and investor relations

Key Takeaway: Execute your first HUD deal with confidence, from application through closing and ongoing management

Everything You Need to Close Your First HUD Deal

4 full days of live instruction (8:30 AM - 5 PM daily)
24 month access to course materials and recordings
Real deal case studies and financial models (Excel templates)
HUD underwriting templates and checklists
LIHTC application scoring worksheets
Capital stack modeling tools
Investor presentation templates
Certificate of completion
Access to Prime Meridian's deal network and financing contacts
Private Skool community for ongoing support
Quarterly alumni webinars with market updates

Next Class Details

Dates & Format

Dates: April 8-11, 2026

Time: 8:30 AM - 5:00 PM ET

Format: In-Person

Class Size: Limited to 25 Students

Investment

$25,000

One-time payment

Payment plans available (3 monthly installments)

Corporate/team discounts for 3+ enrollments

Ready to Master HUD & LIHTC Syndication?

Join 100+ real estate professionals who have transformed their careers and deal flow through Prime Meridian's masterclass. The next cohort starts April 8th—secure your spot today.

Only 6 spots remaining in April cohort
Next cohort after this: July 2026
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Questions? Email [email protected] or call (555) 123-4567