Details.
Streamline refinancing of existing HUD-insured loans for nursing homes and assisted living properties. 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. Section 232 mortgage insurance premiums are 0.50% at closing and 0.55% annually, or 0.45% annually for projects with LIHTC.