Bravo Capital's HUD Express Lane
for Healthcare Qualifier

HUD launched an “Express Lane” program to expedite Section 232/223(f) applications for refinancing skilled nursing and assisted living facilites.

See if your healthcare asset qualifies
4
days
From HUD application to Firm Commitment with Bravo Capital.
Up to 150 days
with standard processing
10–15 days
target with Express Lane
37×
faster with Bravo Capital
Bravo Capital
Express Lane Qualifier
Step 01: The facility

Does your asset qualify?

Ten questions against HUD's published Express Lane criteria. No documents needed, just the numbers you already know.

Owner in non-lease situations; lessee in lease situations.
Step 1 of 4
The program

Queue priority for low-risk healthcare deals.

In June 2025, HUD's Office of Healthcare Programs opened an Express Lane for Section 232/223(f) applications, the FHA mortgage-insurance program behind skilled nursing, assisted living, and board & care financing nationwide.

Applications that meet the published low-risk criteria skip the general queue and go straight to an underwriter.

Every criterion must be met, and the package must arrive genuinely ready to underwrite. That preparation is Bravo Capital's specialty: it's how we turned a HUD application into a Firm Commitment in 4 days.

Time from HUD application to Firm Commitment
Standard 223(f) queue
up to 150 days
Express Lane target
10–15 days
Bravo Capital record Our record
4 days
Eligibility at a glance
70%
Maximum loan-to-value
Loan amount no more than 70% of the facility's value.
2.0x
Debt service coverage
2.0x on the skilled-nursing portion, 1.6x on the non-SNF portion, using unadjusted trailing-12-month NOI.
$50M
Mortgage cap
Up to $50M per loan ($70M in the greater New York City area).
2★
Quality of care
Minimum 2-star overall and health-inspection ratings on Medicare.gov, no abuse/neglect flag.
2yr
Operator tenure
The operator must have been in place at the facility for two or more years.
20%
Special-use revenue
No more than 20% of facility revenue from a special use.
UW
Ready to underwrite
A Firm Commitment decision must be possible immediately at submission, with no open review items.
All criteria (as applicable) must be met. Criteria are set by HUD's Office of Healthcare Programs and may be modified. Prior FHA experience is not required.