Mark Parkinson, CEO of Park Place Live,  explains in a recent video on the Park View segment of the site why going to HUD for financing is the right move for operators in the long-term care space, laying out in detail why this is the case when interest rates are moving higher or as seen of late, trending lower.

“What we've learned in the last three or four years is that rates don't always just go down, they can also go up,” Parkinson said. “The answer is to do what again I've been begging people to do for the last 20 years, which is that when you can go to HUD, do it. It makes all the sense in the world.”

One of the big reasons why is that HUD loans are locked in for 35 years. “It doesn't readjust regardless of what happens to rates. And oh, by the way, it's also non-recourse, so you might be able to sleep a little better off at night,” he said.

Learn more about the state of HUD loans. Capital Fund Group sponsors Park View.

Watch the video at https://tinyurl.com/4pum52t9.

Comments or questions? Contact Patrick Connole at pconnole@parkplacelive.com.