Now that your facility has a great low-interest HUD insured loan, you may want to realize your project's value by selling it and allowing the purchaser to assume that attractive loan and acquire its benefits. Your facility's HUD insured loan may be a significant asset if it can be assumed by a purchaser. Even if you are not in the market to sell your facility, change happens. Certain types of organizational changes can jeopardize your loan's status if HUD approval is not obtained. A successful transaction requires careful attention to HUD program rules.
This webinar will review the kinds of changes that require HUD approval and discuss some of the more typical issues faced by facility owners as they navigate the HUD Transfer of Physical Assets (TPA) process. In addition, we will examine structuring issues for the purchase contract including secondary financing concerns and realistic timing and deadlines to maximize your likelihood of a smooth closing.