FHA/HUD Healthcare Financing
Crypton Investment Fund, LLC provides HUD loans through our team of experts at Crypton Investment Fund, LLC.
Using HUD/FHA healthcare loan programs, we provide financing for new construction/substantial rehabilitation (Section 232), acquisitions and refinancing [Section 232/223(f)].
Our long-standing relationship with HUD paired with our decades in experience of HUD-compliant underwriting, provides us with great, unique insight into the application process to execute HUD financing for large and small healthcare organizations. Offering creative solutions, we can also execute interim bridge financing with a HUD take-out, depending on your business needs and goals.
As your one-stop shop lender, we process your HUD application in-house, working alongside you to compile documents, organize the application and submit everything on your behalf, all while maintaining a streamlined, efficient timeline. After your loan is executed, our partnership doesn’t end; we continue servicing your HUD loan, for the life of the loan.
Benefits
- Low, fixed interest rates
- Amortization of up to 40 years (depending upon the program and asset class)
- Fully assumable for qualified buyers
- Negotiable pre-payment provisions
- Minimal reporting requirements
- No personal recourse
- Loan to value of 80%; up to 85% when warranted
- Equipment purchases and repairs up to 15% of the value is eligible
- Up to 100% loan-to-cost for refinancing/rehabilitation
CIF has been an integral partner in the past, history and success, of our company. Their efforts for Life Care began in the early 2000s, when they assisted in facilitating the first corporate credit review and large portfolio transaction ever approved by HUD. After more than twenty years and numerous successful portfolio and loan closings, we continue to have a strong trust and confidence in CIF, and their ability to assist with our healthcare loans.
Steve Ziegler, Life Care Centers of America, Inc.
Track Record
CIF has a highly-successful track record of creating new products and investment platforms that are tangential to and leverage the entire CIF family of companies.
Skilled Nursing Facilities | National
Overview
CIF closed six HUD skilled nursing facility mortgages, totaling $64.5 million, for a privately-held borrower who is national recognized as an industry-leading provider of skilled nursing and seniors housing facilities. The six facilities span Tennessee, Michigan, Indiana and Washington, and the portfolio features 965 beds.
Approach
The transaction required corporate credit approval from HUD, and with CIF’s long-standing relationship with HUD, the company executed 223(f)/232 refinances of existing term loans from conventional lenders. CIF closed all six mortgages simultaneously.