July 22nd, 2020

X-Caliber Capital, a nationwide HUD and bridge lender, has promoted Amber Howard to the role of Chief Operating Officer.  In this capacity, Ms. Howard will oversee Underwriting, Closing, Servicing and Asset Management for the firm.  Amber, also a member of the Healthcare Mortgagee Advisory Council (HMAC) Board of Directors, has distinguished herself as a dynamic […]

X-Caliber Capital taps Tisdale as General Counsel

April 3rd, 2020

X-Caliber Capital, a nationwide lender in the multifamily, seniors housing and healthcare space, today announced that Lauren Tisdale has joined the company as General Counsel.  In this role, Tisdale will lead the company’s legal, enterprise risk management and oversee transaction management for X-Caliber’s bridge loan program.  Ms. Tisdale brings extensive experience representing banks and mortgage […]

Newest Updates from HUD 3/25/2020

March 25th, 2020

HUD has released another industry update (3/24/2020) including a Q&A covering concerns related to Emergency Preparedness, Resident Health, Policy and Operations related to Asset Management and Multifamily Production, and Multifamily Housing loan closings among other issues. We hope you’ll find “Questions and Answers for Office of Multifamily Housing Stakeholders” helpful. As always, our team at […]

LEAN: Global 30-Day Extension for Filing Borrower Entity Submissions with a Due Date of 3/31/20 and 4/30/20, Through HUD’S Financial Assessment Subsystem

March 23rd, 2020

Due to possible lender business disruptions as a result of COVID-19, HUD has issued approval for a 30-day extension of all borrower entity submissions having due dates of 3/31/20 and 4/30/20, through HUD’s Financial Assessment Subsystem (FASSUB). Such financial statements with a due date of 3/31/20 will now be due on 4/30/20, and those with […]

HUD Eliminates 3-year Wait Period for New Construction and Substantial Rehab

March 20th, 2020

New timeline for 223(f) application is “one-month post stabilization” Cash out is possible, subject to LTV limits Refi rates below 3%! To read specific details released by HUD use these links Housing Notice (HN) and Mortgagee Letter (ML) X-Caliber is one of the fastest growing licensed HUD and Bridge lending firms in the US, offering […]