Bridge to HUD - The Best Solution for Financing Skilled Nursing Facilities
For owners of skilled nursing facilities, the U.S. Department of Housing and Urban Development (HUD) provides unparalleled long-term financing solutions. However, timing can often present an issue for potential borrowers, since these loans can take as long as a full year to close. In other cases, potential borrowers may find that they don’t meet eligibility requirements for an FHA loan.
The Bridge to HUD solution can help skilled nursing facility owners bridge the gap to obtaining HUD financing. These short-term loans allow borrowers to make necessary repairs and attain the stability needed in the property to meet the FHA’s requirements.