The Department of Housing and Urban Development has cleared the way for the submission of a healthcare refinancing package worth approximately $1 billion. Properties in the portfolio are part of the former...
Capital Funding Group announces two HUD transactions
Sep 07, 2016
Capital Funding Group announced two HUD 232 transactions.
Cambridge provides $24 million in HUD refinancing
By
Kimberly Marselas
Jan 21, 2020
Cambridge Realty Capital Companies has provided two HUD Lean loans totaling $24 million to refinance The Vista Care Center of Lisbon, OH, and Vista Center at The Ridge of Mineral Ridge, OH. The Vista...
Capital Funding closes HUD mortgage
By
Mallory Hackett
Aug 07, 2019
Capital Funding recently announced the closing of a $4.5 million HUD mortgage to refinance Huron Woods, a skilled nursing facility in Kawkawlin, MI.
HUD tries to ease backlog
By
Tim Mullaney
Dec 01, 2013
Senior living companies pursuing Department of Housing and Urban Development financing should expect delays, one expert said.
Will court allow plaintiffs to ‘Monday morning quarterback’ COVID immunity intentions?
By
Kimberly Marselas
May 29, 2024
An Illinois nursing home has asked the state’s Supreme Court to adopt a broad interpretation of a COVID-19 immunity provision, arguing that the governor “knew how” to include more limitations in...
SNF chain’s collapse forces record $146M HUD back-up
By
Kimberly Marselas
Jul 17, 2019
When Rosewood Care Centers collapsed, its default on $146 million in mortgages became the biggest loss in the history of a HUD loan-guarantee program for nursing homes.
Beech Street provides $21M HUD loan
May 20, 2014
Beech Street Capital announced it has provided a $20.7 million HUD loan to a supportive living facility in Illinois. Supportive living facilities in Illinois can receive Medicaid support for low-income...
‘Moment of decision’ appears near on nursing home staffing rule
By
Kimberly Marselas
Jun 06, 2024
A two-day spate of legislative action opposing the nursing home staffing mandate has some staunch supporters of the requirements feeling “very concerned” about the rule’s future.
How to do it … HUD LEAN mortgages
By
John Hall
May 04, 2016
It’s hard to beat the HUD LEAN mortgage program for heavily leveraged owner-operators looking for the predictability of long-term loans at fixed rates. Here are a few pointers from experts on how...