Details.
Streamline refinancing of existing HUD-insured loans for market-rate, affordable, elderly housing, nursing homes, assisted living and housing cooperatives. Available to single-asset, single-purpose for-profit or non-profit entities. Fully non-recourse and fully assumable, with no loan amount limits and full cash-out availability. Fixed interest rate is determined by market conditions at rate lock. CNA third-party report required. Escrows, replacement reserves and repair escrow may be required.