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Assisted Living Financing

FHA / HUD Financing For Senior, assisted, skilled nursing facilities


HUD Assisted Living Construction Financing

Section 232 of HUD's mortgage insurance programs allow for the insurance of mortgages for the construction or substantial rehabilitation of senior housing communities including assisted living facilities, skilled nursing, memory care, and so-on. 232 Loans are generally up to 35 years fixed and fully amortizing. Loans start at $2,000,000 and up for facilities with as little as 20 residents in need of some level of care. 

FHA 232 Assisted Living Construction Loan Highlights

  • Up to 90% leverage for profit motivated sponsors (95% for non-profit)
  • 1.11x DSCR for for-profit sponsors (1.05x for non-profit)
  • Up to 40 years fixed and fully amortizing
  • Assumable subject to HUD approval 
  • Extremely competitive pricing

HUD Financing For The Refinance or Acquisition of Assisted Living Facilities

FHA HUD 232 / 223(f)

Section 232 pursuant to 223(f) provides FHA mortgage insurance for the refinance or acquisition of assisted living facilities and other senior housing and healthcare properties such as skilled nursing facilities. Loans start at just $2,000,000 and up with leverage available up to 80% of the property value. 

FHA 232/223f Assisted Living Financing Highlights

  • Up to 80% leverage for profit motivated sponsors (85% for non-profit)
  • 1.45x minimum debt service coverage ratio
  • Up to 35 years fixed and fully amortizing
  • Assumable subject to HUD approval 
  • Extremely competitive pricing

Looking To Finance The Acquisition, Rehabilitation, Construction, or Recapitalization of an Assisted Living Facility?

Speak with a HUD / FHA Healthcare Lending Specialist Today for white-glove level service, expedited execution, and aggressive terms. 

 
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Speak With An FHA Healthcare Specialist. 
Call 1-877-585-8645