Written By: Joel Ungar, CPA
Jul 24, 2025
Streamlined review process available to high-performing operators
HUD recently rolled out a new Express Lane option for certain Section 232 mortgage insurance applications a development that could significantly accelerate financing timelines for eligible skilled nursing and senior housing providers. Prior to introducing Express Lane, some Section 232 applications have taken up to 18 months to complete.
The Express Lane, launched by HUD’s Office of Residential Care Facilities (ORCF), is designed for repeat borrowers and operators who meet specific criteria for financial strength, operational stability, and regulatory performance. The goal: to streamline the underwriting process and reduce review times for lower-risk transactions.
What’s Changing?
To apply, lenders must submit an Express Lane certification affirming that the borrower meets all eligibility criteria.
What This Means for You
While this initiative doesn’t change audit or compliance requirements under HUD guidelines, it does underscore HUD’s increased focus on operator performance and financial transparency areas where our firm provides ongoing guidance and assurance.
Operators considering refinancing or expansion under Section 232 should assess their eligibility for Express Lane treatment. Strong financial controls and audit readiness will continue to play a critical role in qualifying for streamlined programs like this.
If you have questions about your financial reporting requirements or how this may affect your audit timeline, please reach out to the HUD team. We’re happy to discuss how the new Express Lane may fit into your strategic plans.
Beth Reimer breimer@peasebell.com
Lindsay Arcuri larcuri@peasebell.com
Joel Ungar jungar@peasebell.com
For more information, visit hud.gov/healthcare or contact your engagement team.
