The U.S. Department of Housing and Urban Development’s (HUD) Lean financing program for senior housing is back in a strong way. The program, which insures senior housing mortgages and other types of lending, closed a loan volume of $3.4 billion during the fiscal year that ended Sept. 30, 2017, according to HUD data cited by Columbus, Ohio-based Lancaster Pollard. That’s a roughly 20% […]
Category: HUD
The U.S. Department of Housing and Urban Development’s (HUD) Lean mortgage insurance program for senior housing may have finally hit a turning point after experiencing a few years of declining loan volumes. During the fiscal year ended Sept. 30, 2016, senior housing loan volume from the federal agency actually rose for the first time in […]
MidCap Financial, a speciality finance firm that has provided debt solutions to a broad array of senior housing companies, has added an FHA lending platform for the first time by acquiring Pineview Capital Group. The transaction comes at a time when FHA transactions are expected to be on the upswing. Bethesda, Maryland-based MidCap Financial is focused […]
Walker & Dunlop, a major financing firm for the senior housing industry, has a new distinction: the largest servicer for HUD multifamily and health care loans in the country. That’s following the purchase of servicing rights associated with a $3.8 billion portfolio from Oppenheimer Multifamily Housing & Healthcare Financing Inc. The transaction involves a purchase […]
Senior housing companies may soon have a number of new financing options through the popular Section 232 program, thanks to a proposal recently released by the Department of Housing and Urban Development (HUD). In the days since HUD first released its new draft Handbook containing the proposed changes, capital providers have been taking a closer […]
The connection between housing and health care will be paramount to solving problems associated with the impending aging crisis, especially when it comes to the future of affordable senior housing, according to a report issued this month by the Bipartisan Policy Center’s Senior Health and Housing Task Force. In the report, titled “Healthy Aging Begins […]
Senior housing companies may soon find it easier to obtain financing through the U.S. Department of Housing and Urban Development (HUD), thanks to changes that the agency has proposed in a new draft handbook for the Section 232 Healthcare Mortgage Insurance Program. Assisted living and other residential care facilities can use Section 232, also known […]
Capital One Named Top Lead Arranger for Health Care Leveraged Loans Up to $1 Billion Capital One has been named the No. 1 lead arranger for health care leveraged loans up to $1 billion in size, according to Thomson Reuters. The acquisition of GE Capital’s Healthcare Financial Services lending business, which held the top spot […]
Would you convert senior housing units into assisted living, if doing so would lead to refinancing problems down the line? In the past, some providers faced this choice. But that has changed, thanks to new rules under a U.S. Department of Housing and Urban Development (HUD) program. The Assisted Living Conversion Program (ALCP) provides grants […]
Financing for senior housing from the U.S Department of Housing and Urban Development (HUD) continues to dip dramatically, according to recently released numbers. HUD’s Lean mortgage insurance program, which finances seniors housing properties, closed $2.7 billion of loan volume during the fiscal year ending Sept. 30, 2015. This is down 35.7% from the previous year’s total of $4.2 […]
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