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

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Purchasers of long term care facilities (skilled nursing, assisted living, memory care) with HUD-insured loans can assume the underlying HUD-insured loan as part of the purchase price. They can also replace the operators and managers of these facilities with new operators and managers. Each of these changes requires HUD review and approval which can be a bit onerous to navigate.

This webinar will provide an overview of HUD's updated process for review and approval as well as provide some key takeaways to help make the process run smoother and provide for a quicker resolution with HUD.

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