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Documents
Home Commercial Documents
Exhibits required to review loan
requests:
New Construction/ Substantial Rehab of
Apartment Projects
(HUD 221 (d)4)
- Preliminary architectural plans, if available
- Location
- Breakdown of number of units by type
- Land cost for acquisitions
Acquisition and Refinancing of Existing
Apartment Projects
(HUD 223 (f))
- Description of Project
- Location
- Financial statements for the last three years
- Breakdown of number of units by type and monthly rent
- Sales price for acquisitions
New Construction/Substantial Rehab of Nursing
Homes
(HUD 232)
- Description of proposed project
- Location
- Preliminary plans, if available
- CON, if required
- Breakdown of number of beds
- Proposed per day rates for Medicare, Medicaid, and private
pay
- Land acquisitions cost
- Proposed estimated construction cost or rehabilitation
cost, if available
Nursing Homes and Assisted Living Facilities
(HUD 232/223 (f))
- Copy of state license, if applicable
- Balance sheets, statements of income and expenses and
“Statement of Change in Financial Position”
on the existing facility for the last three years
- Current pay rates for Medicaid, Medicare, and private
pay
- Breakdown of numbers of beds/units by type
Hospitals
- Description of the hospital - include improvements to
be made and equipment to be purchased
- Three years financial statements
- Latest interim financial statement
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