Underwriting is the lender’s process of determining if a borrower meets their criteria for a loan.
What are Uniform Federal Accessibility Standards (UFAS)?
What is a Senior Housing?
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.
What is a Skilled Nursing Facility?
What is Residential Care?
What are Replacement Reserves?
What is Renovation?
What is Rehabilitation?
What is Recourse?
What is Prepayment?
What is the ORCF (Office of Residential Healthcare Facilities)?
What is the OHP (Office of Healthcare Programs)?
What is a Nursing Home?
What are Non-Recourse Loans?
What is NOI (Net Operating Income)?
What is MIP (Mortgage Insurance Premium)?
What is a Market Capitalization Rate (Cap Rate)?
What is Loan-to-Value Ratio (LTV)?
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.