Bravo Property Trust Closes $49.4M HUD 223(f) Refinance for 206-Unit Multifamily Property in San Diego

San Diego, Calif. — December 4, 2025 — Bravo Property Trust announced the closing of a $49.4 million HUD 223(f) refinance for a 206-unit multifamily property in San Diego. The transaction was facilitated through its affiliate, Bravo Capital, and is insured by the U.S. Department of Housing and Urban Development (HUD).

Details of the Refinance Transaction

The refinancing was completed under HUD’s Section 223(f) program, which provides federally insured financing for stabilized multifamily properties. According to the announcement, Bravo Capital served as the capital markets broker, and HUD acted as the lender. Additional financial terms were undisclosed.

Bravo Property Trust’s Role

Bravo Property Trust, through Bravo Capital, participates in HUD-insured lending for multifamily properties. The firm’s involvement in this San Diego transaction reflects its continued activity in agency-backed multifamily financing.

Industry Context

HUD’s Section 223(f) program supports the refinancing or acquisition of existing multifamily properties. Such transactions are designed to provide long-term, fixed-rate, non-recourse financing for stabilized assets.

Source: GlobeNewswire