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Summary: Part 232 makes sure mortgages to support the construction and you can generous rehabilitation from nursing homes, intermediate care place, board and you will worry home, and assisted-life organization. Area (f) enables the purchase or refinancing with or rather than fixes regarding existing ideas maybe not demanding ample rehab.
Purpose: Section 232 provides loan providers up against the loss on the financial non-payments. Part 232 means mortgages which cover the building and you will rehab away from nursing facilities and you will nursing homes for folks who need a lot of time-term worry otherwise medical help. (más…)