HUD 232 Loans
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The HUD 232 loan program is a long-term, fixed-rate, non-recourse loan program intended for the construction, acquisition, and refinancing of senior housing and healthcare properties.
HUD 232 loan borrowers have traditionally needed to wait 24 months after taking cash out from a lender before refinancing with HUD. Fortunately, HUD recently adjusted their rules to eliminate this waiting period, provided that the proposed loan fits several other parameters.