3565.301—Loan standards.
An approved lender must originate and underwrite the loan and appraise the subject property in accordance with prudent lending practices and Agency criteria addressing the following factors:
(a)
Borrower qualifications and creditworthiness;
(b)
Property, vacancy, market vacancy or collection loss;
(c)
Rental concessions and rent levels;
(d)
Tenant demand and housing supply;
(e)
Property operating and maintenance expense;
(f)
Property requirements as contained in subpart F of this part;
(h)
Operating and long-term capital requirements;
(j)
Return on borrower equity; and
(k)
Estimated long-term marketability of the project.