Include a HUD Loan in Your Future

In a future that is rife with uncertainty, it’s nice to find something you can count on to remain unchanged for a while. “With a HUD loan, you’re getting not only a highly-competitive interest rate, but you also get the confidence that comes with knowing that rate will not change over the course of the loan,” stated Andrew Erkes, Cambridge President.

Financial challenges abound when it comes to operating a senior living or skilled nursing facility. Operating costs fluctuate, sometimes wildly, from year to year. Changes in payment structure for Medicaid and Medicare can happen with little warning, shaking an operating budget and creating uncertainty, and sometimes requiring radical changes in spending. Even a small amount of budget certitude can make a big difference in an operator’s ability to roll with the other changes that are all but inevitable.

Contact Cambridge today to get started on your lending needs with a team that has the flexibility to get your deal done.  We're here for you with any program questions, so call us today at 312-357-1601 to discuss your transaction. To read the whole article, visit our blog, or learn more about all of our services.