Long-term-care

Bridge-to-HUD refinancing has become the default back end of the senior housing capital markets, but Section 232/223(f) eligibility was not designed with bridge loans in mind. Most of the friction in these closings lives in the gap between how bridge proceeds were originated and how HUD evaluates existing indebtedness.

Asset based lending is not just a revolver. It is a collateral driven liquidity layer that often sits at the very top of the capital stack, and its mechanics can determine how term debt and mezzanine capital actually behave when conditions tighten.