232/223(a)(7) Refinancing

Can You Refinance a HUD 232 or HUD 232/223f Loan?

Can You Refinance a HUD 232 or HUD 232/223f Loan?

If you own a senior living facility with a loan insured under the HUD 232 or HUD 232/223f programs, you can refinance that loan under the 232/223(a)(7) refinancing program. Borrowers can refinancing more than one HUD-insured loan on the same property with one 232/223(a)(7) loan, though the entire loan amount cannot exceed the Maximum Insurable Loan Calculation (MILC).