Loan Programs


Acquisition or Refinance

The HUD 232/223(f) program provides 35 year fixed rate, 80% LTV, fully amortizing, non-recourse financing nationwide for the purchase or refinance of intermediate care, board and care, residential care, skilled nursing facilities, and assisted living facilities. An independent living component no greater than 25% of the total units is allowable.

To qualify, properties must accommodate 20 or more residents (20 or more beds) who require skilled nursing care and related medical services, or residents who are in need of minimum but continuous care provided by licensed or trained personnel. Facilities must offer residents three meals a day under these program guidelines.

The facility must have been completed or substantially rehabilitated for at least three years prior to the date of the application. Projects with additions completed less than three years previous are eligible as long as the addition was not larger than the original project size and number of beds. Commercial space cannot exceed 20% of the gross floor area or gross projected income

Typically, the 232 / 223(f) program takes about 3-4 months to complete, and provides 35 year fixed rate, non-recourse financing.

Creative Solutions

As a direct HUD lender we offer the highest leverage, non-recourse, fixed rate loans available nationwide. We have extensive experience in underwriting and providing financing for nursing homes, assisted living, board and care, and elderly housing facilities throughout the country.

Each loan is underwritten by experienced healthcare professionals who understand both the challenges facing healthcare providers and potential market opportunities.

We realize that there are many financial terms and conditions, such as loan to values, debt coverage ratios, and prepayment issues that a borrower needs to fully understand prior to determining the best option. We invite you to call us, and we will prepare a free financial analysis which clearly outlines all your options.


  • 35 Year Fixed Rate
  • Non-Recourse
  • Assumable
  • Declining Prepayment