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Jonathan Camps

Forbright to Launch HUD Lending Platform for Nursing Home, Assisted Living and Multifamily

Chevy Chase, MD-based Forbright Bank, recently rebranded from Congressional Bank, intends to launch a new business line aimed at facilitating federally-insured loans to finance nursing homes, assisted living facilities and multifamily housing.

Through this new product offering, which will sit within the healthcare lending division, Forbright intends to offer direct-to-HUD loans, as well as structure bridge transactions designed to exit via HUD, following final HUD approval.

Jon Camps has been named managing director of the bank’s HUD lending platform and will oversee the new initiative. He has spent the majority of his 25-year career in real estate finance focused on HUD lending, including underwriting, originations, closing and asset management.

In 2008, Camps was part of a small group of industry leaders who worked closely with HUD to develop the agency’s LEAN methodology for increasing efficiency in processing Section 232 loan applications, which continues to consistently provide liquidity to the healthcare and seniors housing sector today.

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About Lisa McDuffie

Lisa McDuffie arrives at ConnectCRE via REALTOR® world, where she served for nearly two decades as communications director for one of the nation’s largest REALTOR® organizations. She supported two membership-elected presidents who were commercial real estate practitioners, and managed the communications initiatives of the organization’s commercial special interest group. When not following the latest commercial real estate news, Lisa is zeroed in on her charismatic off-the-track thoroughbred as he makes the transition from an utterly failed racehorse to a lovely show hunter.

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