Business Wire

Walker & Dunlop Closes $151 Million Through HUD’s New LEAN Express Lane

Business Wire

BETHESDA, Md., October 21, 2026--Walker & Dunlop, Inc. announced today that in the last 12 months, it has arranged $151 million in financing across nine healthcare transactions nationwide through the U.S. Department of Housing and Urban Development's (HUD) LEAN Express Lane, demonstrating the impact of HUD's expedited review process for qualifying Federal Housing Administration (FHA) Section 232/223(f) refinancings.

HUD launched the LEAN Express Lane in 2025 to accelerate financing for qualified lower-risk, lower-leverage skilled nursing, assisted living, memory care and other residential care facilities. The program prioritizes eligible applications by allowing them to bypass HUD's traditional application queue, which contributed to processing timelines of up to 150 days. By skipping the queue, the LEAN Express Lane is designed to reduce the time to receive HUD Firm Commitment by more than 90% and the overall financing timeline from application submission through closing by more than 50% compared to the traditional review process.

Walker & Dunlop FHA Finance, led by Kevin Giusti, Richie Davis, Daniel Barone, Daniel Adams, and Parker Kent, utilized the new LEAN Express Lane to expedite financing across its nine transactions, with its fastest execution closing just 60 days after submission. The team works with healthcare owners and operators to evaluate transactions against HUD's eligibility requirements, structure applications and manage the financing process through Firm Commitment and closing.

"The LEAN Express Lane fundamentally changes the timeline for borrowers that fit the program, but speed still depends on knowing how to position a transaction before it reaches HUD," said Davis, senior director of FHA Finance at Walker & Dunlop. "Our team's experience with HUD's Section 232 program allows us to identify transactions that are well suited for the LEAN Express Lane and navigate the process efficiently from submission through closing. Completing $151,000,000 across nine transactions over the past year shows that we can translate this new policy into faster, repeatable execution for our clients."

The LEAN Express Lane maintains HUD's existing underwriting standards while prioritizing applications that meet specific criteria related to leverage, debt-service coverage, operating history, quality of care and other measures. Applications must also be ready for immediate underwriting at submission, making early transaction screening and preparation particularly important to achieving the program's accelerated timeline.