Navigating The New HUD LEAN Program - Order

Recorded May 14, 2009

Seniors housing and care providers seeking to refinance maturing debt, or secure new debt for acquisitions, expansion and renovations, currently face a challenging market. But one lender, the HUD 532 loan program, continues to offer some of the best financing terms in our industry, including a 35-year term. Although it has been criticized in the past for taking too long to evaluate applications and being too rigid in some underwriting requirements, HUD recently updated its loan program. The HUD LEAN program has been implemented to make the process simpler and faster for not-for-profit and for-profit providers alike.

This educational offering has been approved for 2 clock hours by the National Association of Boards of Examiners of Long Term Care Administrators (NAB).


With much fanfare, HUD announced its new LEAN program last year, but the number of financings closed under the LEAN program has been less than expected. HUD is committed to the product and to the seniors housing and care industry. If you need financing (and who doesn’t in this market?), this is a webcast for you. By the end of this fast-paced, insightful webcast from The SeniorCare Investor, you will:

Find out what works and what doesn’t when using HUD
Discover how to avoid any stumbling blocks in accessing the HUD LEAN program
Who is the best candidate for a HUD LEAN loan?
Learn some of the changes in legal requirements
Find out what the costs and interest rates are for a HUD LEAN financing
Discover why it has taken longer than expected to roll out, and what HUD is doing about it
What you can expect in the months ahead
...and much more!


Panel of Experts:

Charles C. Bissinger
Charles C. Bissinger, Jr. (Chuck), a partner in the Cincinnati office of Vorys, Sater, Seymour and Pease LLP, has extensive experience in Federal Housing Administration (FHA) insured financings and affordable housing transactions, having closed over 1,000 FHA-insured loans on apartment properties, nursing homes and assisted living facilities. Mr. Bissinger primarily focuses his practice on the acquisition, financing, development and sale of Read More
Partner in the Cincinnati office of Vorys, Sater, Seymour and Pease LLP
Michael Cuba
Michael Cuba is the vice president of finance of McWil Group, Ltd./ Wilmac Corporation and its subsidiaries. Mr. Cuba has over 20 years experience in corporate finance, with most of it coming via 18 years in the senior care industry with Wilmac. Recently, he was involved as the owner’s representative in three projects taken through the HUD LEAN process. While with Wilmac, Mr. Cuba has been involved in debt restructure work and multi- Read More
Vice President of Finance of McWil Group, Ltd./Wilmac Corporation
JP LoMonaco
Mr. LoMonaco is the President of Valuation & Information Group, Culver City, CA. He entered the real estate consulting industry in 1989. Over the years, clients have relied on Mr. LoMonaco for lending, litigation support, asset allocation, due diligence, lease negotiation, tax appeals, bankruptcy proceedings and market and site selection.   Mr. LoMonaco's assignments include market feasibility analysis, appraisal reports, lease Read More
President, Valuation & Information Group
Brian Pollard, Senior Managing Director of Lancaster Pollard
Brian Pollard co-founded the three companies that comprise Lancaster Pollard: Lancaster Pollard & Co., Lancaster Pollard Mortgage Company and Lancaster Pollard Investment Advisory Group. He currently serves as President/CEO of Lancaster Pollard Mortgage Company and as senior managing director of Lancaster Pollard & Co. Brian has spent over 20 years providing financial guidance and capital funding to health care, senior living, and Read More
Senior Managing Director, Lancaster Pollard
Stephen Monroe
Stephen M. Monroe is a respected and often quoted industry leader. He is the managing editor and partner at Irving Levin Associates, Inc., a research and publishing firm founded in 1948. The firm specializes in the seniors housing and health care investment markets and delivers timely market intelligence to subscribers through financial newsletters, acquisition reports and databases. Mr. Monroe is the editor of The SeniorCare Investor, the Read More
Editor, The SeniorCare Investor