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 Borrowers Find HUD Loans Are Well Worth the Extra Effort
"Just because things aren’t moving as swiftly as hoped is no reason to let enthusiasm wane."
Sampada D’silva is Managing Director for Cambridge Realty Capital Companies, one of the nation’s leading FHA-approved HUD 232 lenders, with more than $5 billion in closed senior housing/healthcare loans. She says the data needed to meet a lender’s due diligence requirements will vary depending upon the type of transaction.
Ms. D’silva also says that funds for qualified borrowers are more readily available today than in the recent past, but attaining a successful outcome still requires patience. And borrowers still must be responsive to the lender’s information needs as the loan works its way through the approval process.
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