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John P. McGehee

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John McGehee has extensive experience representing lenders and borrowers in HUD-insured loan transactions for multifamily and senior housing facilities and the related asset management and servicing work.

Featured Video

Key Takeaways to Easily Navigate HUD's LEAN Change of Participant (CHOP/TPA) Process January 15, 2020

Featured Experience

Represented a client as lender's counsel in a bridge-to-HUD loan secured by four skilled nursing facilities with three of the facilities having subleases with local county hospital districts with each participating in Texas's quality incentive payment program (QIPP).

Represented a client as borrower's counsel in a bridge-to-HUD loan secured by four skilled nursing facilities, including the negotiation of accounts receivable financing.

Represented a client in $67.8 million HUD Section 232/223(f) financing of eleven Indiana skilled nursing facilities. The facilities each had subleases with a local county hospital district with each participating in Indiana's intergovernmental transfer (IGT) program and had accounts receivable financing.

Professional Biography

Mr. McGehee has been counsel to lenders and borrowers in hundreds of HUD-insured loans in 40+ states. He has also been counsel to lenders and borrowers in bridge-to-agency loans throughout the country.

Mr. McGehee also has experience in the corporate arena, representing clients in business organization and commercial contracts, and preparing and negotiating commercial finance and corporate legal opinions.

  • HUD-Insured Financing Transactions

  • Represented a client as lender's counsel in a bridge-to-HUD loan secured by four skilled nursing facilities with three of the facilities having subleases with local county hospital districts with each participating in Texas's quality incentive payment program (QIPP).

  • Represented a client as borrower's counsel in a bridge-to-HUD loan secured by four skilled nursing facilities, including the negotiation of accounts receivable financing.

  • Represented a client as borrower's counsel in $161 million of HUD Section 207/223(f) loans for 57 apartment homes located throughout the country.

  • Represented the new owner and operator in negotiating a purchase and sale agreement, interim lease, and operations transfer agreement for an immediate change of operations for a skilled nursing facility in combination with the assumption of a HUD-insured loan.

  • Represented a client as lender's counsel in a borrower and operator Change of Participant (CHOP) transaction for three skilled nursing facilities in Texas and Tennessee.

  • Represented a client in $67.8 million HUD Section 232/223(f) financing of eleven Indiana skilled nursing facilities. The facilities each had subleases with a local county hospital district with each participating in Indiana's intergovernmental transfer (IGT) program and had accounts receivable financing.

  • Represented a client in $85 million HUD Section 232/223(f) financing of eleven Texas skilled nursing and assisted living facilities. The facilities were subject to a master lease with a third-party operator and also had accounts receivable financing.

  • Represented a client in $82 million HUD Section 232/223(f) financing of five West Virginia skilled nursing and assisted living facilities. Five facilities were subject to a master lease, each project had accounts receivable financing with different accounts receivable lenders, and closed with multiple HUD counsel and HUD field offices.

  • Represented of a client in $7.1 million HUD Section 232/241(a) financing for the construction of an addition to a memory care facility to an Ohio skilled nursing and assisted living facility.

  • Represented a client in $12.5 million HUD Section 232 new construction financing for a new skilled nursing facility.

  • Represented a client in $15.2 million HUD Section 232/223(f) financing of a Maine assisted living facility.

  • Represented a client in $8.5 million HUD Section 223(f) financing of a Minnesota senior housing facility.

  • Represented a client in $6.2 million HUD Section 223(f) financing of a Nevada senior housing facility.

  • Represented a client in $11.8 million HUD Section 232/223(f) financing of a Texas skilled nursing facility participating in Texas's quality incentive payment program (QIPP) and with accounts receivable financing.

  • Represented a client in $21.2 million 34-year non-recourse HUD-insured loan to benefit a skilled nursing facility in San Francisco. The complex transaction included accounts receivable financing and a master lease with a sister facility.

  • Represented a banking client as lender's counsel in the closing of a three-site portfolio of HUD loans totaling more than $28.7 million and the refinancing of three skilled nursing facilities in Ohio. The complex master lease transaction took almost 12 months to complete and was a huge success for the client, which obtained three 35-year non-recourse HUD loans at a fixed rate of 2.52 percent each.

  • Represented a long term care facility in the closing of a two-site bridge-to-HUD credit facility worth $7.5 million.

  • Represented a client as lender's counsel in a $6 million HUD Section 232/223(a)(7) loan, refinancing a skilled nursing facility in Texas with a 35-year non-recourse HUD loan at a fixed rate of 2.35 percent.

  • Represented a client as lender's counsel in a $9 million HUD Section 232/223(f) loan, refinancing a skilled nursing facility in New York with a 35-year non-recourse HUD loan at a fixed rate of 2.5 percent.

  • Represented a client as lender's counsel and closed a $10.4 million HUD Section 232/223(f) loan, refinancing a health care facility in Ohio with an interest rate fixed at 2.4 percent for 35 years.

  • Recipient – Baker Donelson's 2011 Chattanooga Office Pro Bono Award
  • Member – Tennessee Bar Association
  • Member – American Health Law Association

John McGehee is so fantastic. He is always on the ball. He's a huge asset to the Firm.

Assistant Vice President, large provider of investment banking and mortgage banking services to health care, senior living and housing organizations

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