Underwriting is the lender’s process of determining if a borrower meets their criteria for a loan.
Senior housing is a general term denoting housing suitable for older adults. This type of housing emphasizes safety and accessibility. Options range from round-the-clock care facilities to independent living communities. HUD 232 loans can finance many types of senior housing facilities, but facilities must typically have a large healthcare component to qualify.
Loan-to-value ratio, or LTV, can be calculated by taking the amount of a loan and dividing it by the value of the underlying asset.