Direct HUD 232 Lender for Multifamily & Healthcare Since 1991

Our direct loans provide non-recourse construction and rehabilitation financing for healthcare facilities under the HUD 232 LEAN program.

We are a LEAN-approved, direct lender and have closed over $3bn in loans to date.

HUD 232 Loan Program Overview

The HUD 232 program provides high leverage, non-recourse construction or rehab financing for healthcare assets throughout the United States.

The program offers construction and permanent financing "all in one", and can be utilized by assisted living, memory care, and skilled nursing facilities.

Soft costs, fees, site acquisition, and more can be funded as part of the loan, and equity in the land can be recognized to reduce cash required at closing.

Program Benefits

  • 40 Year Fixed Rate
  • Fully Amortizing
  • Non-recourse
  • Loan terms do not change based on location
  • Declining Prepayment Penalty
  • All Loans are Assumable
  • Supplemental Loans Available
  • Available nationwide