Senior Living and Assisted Living Facility Financing

NCPL provides SBA, Conventional, FHA and Fannie Mae financing all over the United States for many types of Senior Living Properties to meet the needs of our aging population.

Rates starting at 4.75%

Loans from $500,000 to (No Loan Limit)

1. Purchase- Up to 85% LTV
2. Refinance- Up to 85% LTV
3. New Construction- Up to 90% LTCost
4. Rehabilitation- Up to 85% LTCost

• Skilled Full Care Nursing Facilities
• Assisted Living
• Independent Living
• Senior Housing
• Adult Day Care
• Hospitals
• Other specialty care facilities

Locations:             Nationwide

Amortization:        20,25,30,35, and 40 years

                              FHA construction loans convert into a 40 year, fully amortizing fixed                                      rate loan

Loan-to-Value:     70-90% LTV

Debt Service:       DSCR on healthcare properties is as low as 1.11%

Non-Recourse:     Recourse loans usually not required except for SBA Loans ( no personal

                             liability and no personal tax returns )

Assumable:          Yes, subject to lender approval

LOAN PROGRAMS

(1)

FHA Section 232/223(f)

*$2 MM minimum Loan no maximum*

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• FHA 232-223f Refinance and Purchase Senior Facility Program Information (link)
• FHA Checklist for 232-223 f Purchase or Refinance Existing Senior Facilities (Link)
• .FHA Sr Assisted Living Sizing Spread Sheet- (Excel)

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Fannie Mae Senior Living Housing

*$2 MM minimum loan no maximum*

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• Fannie Mae Seniors Housing Financing Information (Link)

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(3)

SBA Assisted Living

*$500,000 minimum loan*

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• SBA 7a Loans ($2 MM maximum loan amount)
• SBA 504 (Maxiumum Loan $9 MM)
• MUST BE OWNER OPERATED
• Up to 90% LTV

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      SLF Application Forms:

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1. Senior Living Facilitiy - Application (PFD)
2. Executive Summary - Sr Living (Word)
3. Senior Living New Construction - Screening Questionaire (PDF)
4. Preliminary Information Request for Existing SLF Purchase or refinance (PDF)

 

Please Call to Discuss Details
877.837.6489 or 972-523-4444 Direct