Dougherty Mortgage LLC Innovative Financial Solutions Nationwide

Senior Housing

New Construction/Substantial Rehabilitation - HUD

Dougherty Mortgage originates and services FHA insured loans and issues Ginnie Mae securities for the purpose of constructing new age restricted (62 and older), congregate care, and assisted living facilities; or substantially rehabilitating those transactions needing significant capital improvement. The program may also be used for the purposes of replacing not less than two major building components. The program allows for up to a 40 year loan term and is non-recourse to the borrower. The following term sheet outlines the basic program parameters:

  • Term Sheets
    • FHA/HUD 232 & 232/223 (f) - View
    • FHA Section 242/223 (f) Term Sheet for Hospital acquisition or refinanace - View