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