HUD has some flex.
It’s not a well-kept secret. Obtaining approval for attractive HUD financing can be more time-consuming or problematic than some senior housing/healthcare borrowers care to abide by.
“Flexibility is not a word borrowers usually associate with the FHA-insured product,” says Cambridge Realty Capital Vice President Tony Marino.
“But the idea that HUD is rigid and inflexible is not supported by the facts. There are situations in which loans are approved for borrowers with issues that can be resolved,” he said.
Contact Cambridge today to get the capital your facility needs. HUD can offer some flex in financing your facility. Call us today at 312-357-1601 to discuss your transaction. To read the whole article, visit our blog, or learn more about all of our services.