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Muchmore Capital Receives HUD MAP and Lean License


Apr 4, 2024

Muchmore Capital is now an approved HUD MAP and Lean lender

On April 4, 2024, Muchmore Capital LLC received its MAP and Lean license from the

U.S. Department of Housing and Urban Development (HUD) to make loans for seniors housing (nursing homes, assisted living, memory care, etc.) and for multifamily properties. Muchmore’s license enables it to originate and close loans under all HUD programs including 223(f) and 232/223(f) acquisition/refinance programs and the 223(a)(7) streamlined refinance program, and the 221(d)(4) and 232 construction/substantial rehabilitation programs.

Muchmore was founded in 2021 by Jonathan Coven who ran Greystone & Co.’s platform for financing large turnaround deals for nursing homes and assisted living properties. From 2015 to 2020 Jonathan’s platform closed $2.7 billion of bridge loans most of which were taken out by HUD. Over that period total loan losses were only $1 million or four-tenths of one percent.

Since launching Muchmore in 2021, they have closed $400 million of bridge to HUD loans and have another $300 million under negotiation.

Muchmore Capital has the reputation for closing the hardest healthcare turnaround deals and for expediting the loan approval process with HUD. They also have particular expertise in originating direct-to-HUD and conventional substantial rehab and ground up construction loans and seamlessly converting conventional construction loans into permanent HUD loans.

For more information on Muchmore Capital:


Contact: Jonathan Coven, President


Phone: 917-841-8253

Contact: Chris Painter, Chief Underwriter


Phone: 410-259-2083

Contact: Tyler London, Investment Analyst


Phone: 516-456-8819

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