Loan Programs

Healthcare

Refinance of HUD Loan

The HUD 232/223a7 program provides a streamlined process for borrowers with existing healthcare facilities insured by HUD to lower their interest rate, increase the loan term and replacement reserves, and complete minor repairs (not subject to Davis-Bacon) that extend the economic viability of the project. If an existing prepayment penalty exists, proceeds from the a7 refinance can fund those prepayment expenses.

As part of the streamlined process, borrowers are not required to secure a new appraisal, market study or environmental assessment, however a new PCNA (Property Capital Needs Assessment) is typically required as part of the application.

Typically, the a7 program takes 60-90 days from start to finish.


Creative Solutions

We combine our direct HUD programs with our Advisory services to arrive at finance solutions for healthcare owners and developers nationwide. We are a direct lender, not a broker or intermediary. 

We have extensive experience in underwriting and providing financing for nursing homes, assisted living, board and care, and elderly housing facilities throughout the country. Please contact us today for a free analysis of your project or request.

Features

  • Streamlined Process
  • Non-Recourse
  • 60-90 Day Process
  • Complete Capital Improvements

Documents