Sep 11, 2018
Prepayment Penalties in Relation to HUD 232 Loans
Like many HUD multifamily loans, HUD 232 loans typically have prepayment penalties. Prepayment penalties are designed to protect lenders from the financial losses they will incur if and when a borrower decides to pay off their loan early. HUD 232 and HUD 223/223(f) loan prepayment penalties ar
Sep 11, 2018
Do HUD 232 Loans Allow for Supplemental Financing?
If you already have a HUD 232 or HUD 232/223(f) loan for an assisted living, skilled nursing, or memory care facility, can you get additional financing to make upgrades or improvements to the property? The answer is yes— and with the HUD 232/241(a) loan, it’s easier than ever.