HEALTHCARE PROPERTIES
HUD Interest Rate Reduction Loan Modification Program
Our HUD interest rate reduction loan program provides loan modifications for healthcare properties with existing FHA-insured debt.
Eligible Properties
Any property with existing HUD-insured loan.
Term
Unchanged from existing mortgage, no term extension available.
Interest Rate
Locked before closing and fixed for the duration of the term. (Subject to market conditions.)
Prepayment
Customizable, typically a step-down period, other variations possible, based on market conditions and borrower preferences.
Loan Conditions
- 1.05x DSC Ratio
- The annual Mortgage Insurance Premium (MIP) is unchanged from existing mortgage.
Third-Party Reports
Property Capital Needs Assessment (PCNA) may be required.
Timing
Approximately 30 – 45 days for engagement, submission, FHA/HUD review, and closing.