Special Purpose Entity

Who Can Take Out a HUD 232 Loan?

Who Can Take Out a HUD 232 Loan?

In order to take out a HUD 232 or HUD 232/223(f) loan, a borrower must typically have experience successfully operating one or more facilities of the same kind that they intent to build or purchase. In addition, a borrower must also usually be structured as a single asset, special purpose entity (SPE). Eligible borrowers may either be a for-profit or a non-profit entity.