Details.
Financing to refinance or purchase licensed skilled nursing and rehabilitation, assisted living, memory care, intermediate care, and board and care facilities with limited independent living units. Moderate facility improvements and repairs may be included. Available to for-profit and non-profit single asset, single purpose entities. Fully non-recourse, fully assumable with FHA approval, and amortized over 35 years or 75% of the property's remaining useful life. Certain low leverage and higher DSCR transactions may qualify for HUD Express Lane processing.