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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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