Assumable Loans

What is a Continuing Care Retirement Community (CCRC)?

What is a Continuing Care Retirement Community (CCRC)?

Combining independent living, assisted living and skilled nursing homes, Continuing Care Retirement Communities, or CCRCs, seek to meet residents’ needs at each life stage. A resident may enter the facility in independent living, but later move to assisted living according to their changing needs.

What is a Board and Care Facility?

What is a Board and Care Facility?

Board and care facilities are non-medical alternatives to assisted living and independent living communities. These facilities room, board, and 24-hour care, but do not provide nursing and medical care.

What is an Assisted Living Facility?

What is an Assisted Living Facility?

An assisted living facility is licensed community that provides assistance with daily living activities. On-site medical personnel assist residents with medications, getting dressed, bathing, and social activities.

What is an Accessible Route?

What is an Accessible Route?

An accessible route is an unobstructed path connecting all accessible features, elements, and spaces of buildings, facilities, and sites. An accessible route allows a person by with physical disabilities to access all areas of the property.

What is Alzheimer's?

What is Alzheimer's?

Alzheimer’s is degenerative brain disease which can lead to memory loss, speech imbalance, confusion/hallucinations, mood swings, and incontinence. Advanced Alzheimer’s patients often require 24-hour care. HUD 232 and 232/223(f) loans can finance memory care facilities, which specifically cater to Alzheimer’s and Dementia patients.