Seniors housing and healthcare lender VIUM Capital ("VIUM"), in cooperation with its joint venture partner Merchants Capital, closed 30 HUD LEAN transactions totaling over $350 million, ranking the firm among the top two lenders in nationwide healthcare lending for HUD's FY 2022 (ended Sept. 30, 2022).
Columbus, OH - October 17, 2022:
Seniors housing and healthcare lender VIUM Capital ("VIUM"), in cooperation with its joint venture partner Merchants Capital, closed 30 HUD LEAN transactions totaling over $350 million, ranking the firm among the top two lenders in nationwide healthcare lending for HUD's FY 2022 (ended Sept. 30, 2022).
HUD's 232 LEAN program, which provides mortgage insurance for HUD approved lenders to permanently finance licensed senior living facilities, ended its FY 2022 with 245 loans closed totaling over $2.9 billion.
"When we launched VIUM Capitaljust over two years ago, our goal was to become a top three HUD healthcare lender within our first three years, and the number one HUD healthcare lender within five years," shared Kass Matt, co-founder
and Executive Managing Director at VIUM. "Thanks to our unmatched platform and the top team in the industry, we are best servicing our loyal clients and accomplishing our goals."
VIUM has closed over $2 billion of bridge-to-HUD loans since its inception, positioning the firm to drive significantly more volume through the HUD healthcare program despite recent increases in interest rates.
'The HUD LEAN program is essential to the strength of our nation's healthcare and seniors housing infrastructure," commented Scott Tittle, Managing Director at VIUM and former Executive Director for the National Center of Assisted Living (NCAU. "We applaud HUD LEAN's leadership for
remaining open for business during the pandemic and working collaboratively with us and other HUD approved lenders to ensure quality assets can access cost effective permanent capital in order to continue to provide essential healthcare services to our nation's most vulnerable."
Co-founder and Executive Managing Director Steve Kennedy expects significant growth in VIUM's HUD production over the next few years. "As Medicaid rebasing takes hold, occupancy increases, and
contract labor expenses continue to decrease and help offset inflationary expense pressures, we forecast that operating performance will improve in the skilled nursing and assisted living sectors, enabling operators to produce the NOi and valuation necessary to secure HUD loan approvals." Kennedy continued, "Given the inversion of the yield curve and still relatively low long-term fixed rates, it is absolutely essential to get quality projects financed through HUD sooner rather than later, as those projects are feeling the pinch of significantly higher short term rates." Kennedy concluded, "HUD leadership and HUD lenders have a unique opportunity to step up and preserve our seniors housing stock, and illustrate why HUD healthcare lending continues to exemplify the benefits of a nationwide public private partnership. This is our collective moment."
VIUM Capital is based out of Columbus, Ohio and has offices throughout the country. The firm is privately owned and controlled. Municipal advisory services for tax-exempt issuers provided through the firm's wholly owned subsidiary, VIUM Capital MA LLC. The company can be reached at viumcapital.com.
Contacts: Steve Kennedy I Kass Matt -
info@viumcapital.com -
614-363-2001
VIUM CAPITAL RANKS TOP TWO IN FYE 2024 HUD HEALTHCARE LENDING
Seniors housing and healthcare lender VIUM Capital closed 34 HUD LEAN transactions totaling approximately $345 million, ranking the firm among the top two lenders in nationwide healthcare lending for HUD’s FY 2024 (ended Sept. 30, 2024).
VIUM CAPITAL & MERCHANTS CAPITAL COMPLETE $630 MILLION SECURITIZATION OF HEALTHCARE CRE LOANS
Seniors housing and healthcare lender VIUM Capital and its joint-venture partner Merchants Capital, announced the securitization of approximately $630 million in healthcare commercial real estate bridge loans.
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