Скачать или смотреть HUD Introduces ‘Express Lane’ to Speed Up Financing for Care Facilities

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HUD Secretary Scott Turner announced a new “Express Lane” program to accelerate funding for residential care facilities under FHA’s Section 232/223(f) mortgage insurance. This aims to speed up financing for skilled nursing, assisted living, and board-and-care centers across the U.S.
Previously, loan approvals under this program could take up to 150 days. With Express Lane, approvals may be completed in just 10 to 15 days, significantly cutting red tape and enabling faster improvements in care delivery.
Only low-risk, well-prepared applications qualify for the Express Lane. Requirements include a maximum loan-to-value ratio of 70%, debt service coverage minimums, an experienced operator in place for two years, and a cap of $50 million ($70 million in NYC).
The initiative is crucial as care facilities face rising demand and funding challenges. By streamlining access to capital, HUD empowers these facilities to sustain operations, enhance care, and invest in needed upgrades.
With an aging population and ongoing healthcare strains, timely financial support is essential. HUD’s new Express Lane reflects a commitment to cutting bureaucracy and improving service delivery for America’s most vulnerable citizens.
For direct financing consultations or mortgage options for you visit Nadlan Capital Group.
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