FHA 232/223(f): A Practical Loan Program for Healthcare Facilities

||FHA 232/223(f): A Practical Loan Program for Healthcare Facilities

With everything from daily operations, to resident care, to Medicaid budgets, healthcare administrators have a lot on their plates. Let Love Funding alleviate your long-term debt financing concerns with a HUD-insured loan.


FHA 232/223(f) is a viable long-term debt financing option for many long-term care facilities. The program allows you to acquire or refinance licensed healthcare properties, including skilled nursing, assisted living, memory care, intermediate care, and board and care facilities. Additionally, independent living units are also permitted if they make up less than 25% of the overall facility. Whether you are looking to refinance your current loan or acquire a healthcare facility, a FHA 232/223(f) loan might meet all of your long-term financing needs. In both instances, you would receive all of the benefits of selecting a HUD-insured loan, including:

  • A non-recourse, assumable loan
  • A low, fixed interest rate
  • A maximum term of 35 years


Most importantly, the long-term debt obtained from a 232/223(f) could mean better care for your residents. The low interest rate can assist in generating extra cash flow to further your mission and improve your residents’ care. At Love Funding, we recognize the importance of your facilities and the value they bring to your communities and we are here to guide you through the financing process from start to finish.

“We are proud the VA chose us to provide that level of service to the men and women who have provided so much for our country. The Love Funding team guided the financing to an optimal outcome. The tenacity and commitment they demonstrated in providing all the services this one-of-a-kind financing required was truly remarkable.”


Love Funding is a leading FHA lender with a robust team of experts including originators, underwriters, processors, asset managers and more, who all work together to help you achieve your financing goals. From application to closing to monitoring and servicing, the Love Funding team will be there to guide you every step of the way. We appreciate and value the services you provide to your residents and communities. We make customer service our top-priority, so you can focus on caring for your residents and running your facilities. To learn more about FHA financing, contact one of our loan originators.


Steven Hunt

Senior Director


2018-07-12T17:45:45+00:00 Resources|