Baker Donelson is one of the few law firms in the nation with a niche national practice dedicated to representing lenders and borrowers in HUD-insured loans for commercial, multifamily and senior housing projects. Baker Donelson attorneys have been counsel in hundreds of such HUD-insured loans for lenders and borrowers, which together total well over $3 billion.
Baker Donelson has the experience that borrowers and HUD-approved lenders require to navigate around the pitfalls and opportunities involved in commercial HUD transactions, including refinancing, acquisition, substantial rehabilitation and new construction of apartments, senior housing and long term care facilities, transfers of physical assets of facilities with existing HUD financing, and acquisitions of HUD-foreclosed properties.
Our attorneys have developed relationships with HUD attorneys and staff in almost every HUD field office throughout the nation, and have closed HUD loans on site in Los Angeles, Baltimore and many HUD offices in between. We also have developed a network of experienced local counsel throughout the country to provide assistance in delivering opinions and counseling on issues relating to the laws of the jurisdiction in which the facility is located.
While our scope of work varies with each transaction, our work often includes the following:
- Negotiating and structuring the transactions
- Preparing the closing documentation
- Due diligence (including health care matters, environmental site assessment, property condition report, title insurance, land surveys, corporate and lien searches)
- Title and survey review
- Closing coordination
- Opinion delivery
- Post-closing follow-through