HUD-Insured Financing Transactions
We guide long-term care clients in refinancing transactions with the U.S. Department of Housing and Urban Development (HUD).
Within HUD, the Office of Residential Care Facilities manages the Section 232 Mortgage Insurance for Residential Care Facilities program, which provides mortgage insurance for residential care facilities such as assisted living facilities, nursing homes, intermediate care facilities, and board and care homes, enabling the affordable financing and refinancing of residential care facilities nationwide.
We have extensive experience representing long-term care providers obtain the refinancing of existing debt through the Section 232 program, having served as lead borrower’s counsel in HUD-insured loans aggregating in excess of $80 million.