News
Blood in the Water
February 9, 2011
| Just when it seemed the sharks had stopped circling . . . OK, maybe we're being a little dramatic, but HUD is increasing reserve and equity requirements for its heathcare deals. Walker & Dunlop's Jeff Jonestells us the move is meant to mitigate HUD's risk. |
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| We snapped Jeff last May after he closed on the largest HUD 242loan ever ($167M) on behalf of a for-profit constructing a hospital near Austin. It was HUD's first non-replacement hospital construction loan in five years. But now, Jeff tells us, lenders are covering their backsides now that HUD is increasing reserve and equity requirements for investors and developers of assisted-living and nursing homes under the 232 program. Wanna know more? Come hear Jeff and the other experts (including the top players from Baylor, Parkland and Methodist Health Systems) at our Bisnow Healthcare Real Estate Summit on Feb 17. Reserve your spot now! |
