Bridge-to-HUD Loan Program
Bridge-to-HUD Loan Program
Fast, flexible interim financing, structured around a defined path to attractive long-term, permanent, non-recourse HUD-insured loan.
Eligible Properties
Market-rate, affordable, and healthcare/senior living. Cash flowing and non-cash flowing.
Term
Typically 12 months, with extension options
Leverage
Up to 80% LTV / 80% LTC
DSCR
Minimum 1.20x stabilized
Debt service
Interest-only during the bridge term
Pricing
Risk-adjusted spread over 30-day SOFR