Loan Programs


Acquisition or Refinance

Our direct HUD 232/223(f) program provides 35 year fixed rate, 80-85% LTV, fully amortizing, non-recourse financing nationwide for the acquisition or refinance of:

  • Board and care
  • Memory Care
  • Skilled Nursing 
  • Assisted living facilities. 
  • An independent living component no greater than 25% of the total units is allowable.

To qualify, properties must accommodate 20 or more residents (20 or more beds) who require skilled nursing care and related medical services, or residents who are in need of minimum but continuous care provided by licensed or trained personnel. Facilities must have the ability to monitor residents' condition 24 hours a day, 7 days a week, 365 days a year. Additionally facilities must be licensed by the State, municipality, or other "political subdivision" in which the project is located.

Operating leases to qualified facility operators are permissible, subject to HUD approval. Major movable equipment, day-care facilities, and fire safety equipment may be financed under our HUD 232 program. Financing under this program is not available for properties charging "up-front" or "founder's fees", however new resident assessment fees are permitted. Drug rehab, group homes, hospice, dialysis (or equivalent centers), or medical office buildings are ineligible for HUD financing, however a small component of ancillary office or commercial space can be included in each transaction.

HUD loans can be assumed by investors and retain the original interest rate, making HUD an excellent option for long term investment scenarios or short term holds. 

Typically, the HUD 232/223(f) program takes about 3-4 months from start to finish.

Creative Solutions

We are a direct lender, not a broker or intermediary. Our programs offer the highest leverage, non-recourse, fixed rate loans available nationwide. 

Each loan is underwritten by experienced healthcare professionals who understand both the challenges facing healthcare providers and potential market opportunities.

We realize that there are many financial terms and conditions that a borrower needs to fully understand prior to determining the best option. Bedford Lending respects your time, and we do not get paid unless a deal closes, which means we will never waste your time or money for scenarios that are unfeasible. We invite you to call or email us, and we will prepare a free financial analysis within 24 hours.