Comments on: How Senior Care Operators Can Use HUD to Finance Multi-Property Portfolios http://seniorhousingnews.com/2012/05/07/how-senior-care-operators-can-use-hud-to-finance-multi-property-portfolios/ Information and analysis about Seniors Housing Fri, 17 May 2013 19:42:14 +0000 hourly 1 http://wordpress.org/?v=3.5.1 By: Steve Ervin http://seniorhousingnews.com/2012/05/07/how-senior-care-operators-can-use-hud-to-finance-multi-property-portfolios/comment-page-1/#comment-3638 Steve Ervin Tue, 08 May 2012 13:25:20 +0000 http://seniorhousingnews.com/?p=8977#comment-3638 While HUD has not 'officially' implemented the new policies regarding portfolios, they are enforcing those standards. To quote a high level official at the Department, HUD is 'erring on the side of caution' in evaluating the need for portfolio reviews. Borrowers and lenders should do the same by checking with with HUD prior to assuming that the old standards will be applied for portfolios.

While a portfolio review lengthens front end timing and increases costs slightly, it provides significant benefits in improving underwriting consistency and predictability. Given today's rates, the significant benefits gained through the long term financing afforded by HUD are being seriously considered by many owners.

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