Metropolitan Commercial Bank Wins Federal Approval To Fund Nursing Homes And Assisted Living Facilities
Benzinga Newsdesk 8 months ago
GovernmentNewsRegulations
Metropolitan Commercial Bank (the "Bank") today announced that it has received approval from the U.S. Department of Housing and Urban Development (HUD) to participate as a lender in the Multifamily Accelerated Processing
Metropolitan Commercial Bank (the "Bank") today announced that it has received approval from the U.S. Department of Housing and Urban Development (HUD) to participate as a lender in the Multifamily Accelerated Processing (MAP) and LEAN (Section 232) programs. This designation authorizes the Bank to originate FHA-insured loans for healthcare facilities nationwide, including skilled nursing, assisted living, and other residential care properties.
The approval marks a significant strategic expansion of the Bank's commercial healthcare lending platform and strengthens its position as a leading healthcare-focused lender.