FHA/HUD Mortgage Banking
WHEN CLIENTS HAVE A NEED, ZIEGLER HAS A SOLUTION.
Historically, FHA-insured financing programs were not widely utilized and were notoriously slow. Not anymore, particularly as organizations seek lower cost capital to fund everything from deferred renovation to new construction. To match the need, Ziegler's mortgage banking and housing finance team, Ziegler Financing Corporation (ZFC) — has added new experienced staff to meet our client's need for capital. In fact, ZFC now specializes in providing high-leveraged, low-cost, fixed rate debt nationwide to for-profit, non-profit, and community-based organizations, including:
- Skilled Nursing
- Assisted Living
- Alzheimer Care
- Other Licensed Care
- Independent Living (on a limited basis)
- Hospitals (including small, rural, critical access, and community hospitals)
Some finance specifics: ZFC can offer highly leveraged permanent debt up to 85% LTV on existing and 95% LTC on new construction with loan terms up to 35 and 40 years, respectively. Recourse and non-recourse options are also available.
TERM SHEETS:
RECENT MARKET NOTES
The U.S. Department of Housing and Urban Development’s Office of Insured Health Care Facilities released guidelines for the improved HUD LEAN Processing Program in mid 2008. The centralized LEAN process is available nationwide for acquisition and refinancing transactions under HUD’s 232 pursuant to 223f program. LEAN processing will significantly reduce the time typically needed to process a Government Insured Mortgage. By reducing processing requirements and establishing new dedicated staff positions. Transactions submitted to HUD are placed in a queue and reviewed on a first come first serve basis. Processing times vary by the number of transactions in the queue. Call a Ziegler representative for a current processing time estimate.
Contact us for more information.Insights
- Z-News: HUD Updated Developments in HUDs New Construction Program
02/12/2010 In a recent Z-News, Ziegler Financing Corporation (ZFC) — Ziegler’s licensed HUD lender — shared timely details regarding the current HUD 232 LEAN New Construction Program and noted the impending announcement by HUD of changes to the LEAN program. - Z-News: HUD Developments in New Construction Program
01/22/2010 The new HUD LEAN program has received much attention this year. Through Ziegler Financing Corporation (ZFC), Ziegler’s licensed HUD lender, Ziegler stays abreast of this program and its nuances. - ZFC: HUD's New LEAN Program
03/9/2009 In July of 2008 HUD began accepting applications for government insured mortgages under the LEAN program. LEAN, which gets its name from the Toyota concept for creating the most value while consuming the least resources, was released in conjunction with the transfer of oversight of the 232 program to the Office of Insured Health Care Facilities (OIHCF) from the Multifamily Housing division. - Term Sheet: ACQUISITION FOR-PROFIT
2009 - HUD 232 pursuant to 223 (F)Acquisition program available to for-profit mortgagors.