HUD Creates 'Green Lane' to Speed Processing of Low-Risk Loans for Qualified Senior Housing/Healthcare Borrowers

CHICAGO, IL--An administrative decision by managers of the new HUD Lean funding program in Washington, D.C., has "low risk" senior housing/healthcare borrowers traveling on a fast track in a "Green Lane" that substantially speeds the time it takes to assign HUD Section 232 loans to an underwriter for processing.

Cambridge Realty Capital Companies Chairman Jeffrey A. Davis (top right photo)  says the "Green Lane" is the agency’s creative solution for a logjam that was created when the FHA’s Office of Insured Health Care Facilities (OIHCF) began processing all HUD 232 loan applications in January.

 Loan applications that meet specific criteria established by agency underwriters now find themselves in a special queue for applications that can be processed more quickly with a high chance for success.

For a complete copy of the company's news release, please contact:

  Evan Washington, Phone: (312) 521-7603, Fax: (312) 357-1611, E-Mail: ew@cambridgecap.com
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