1. Purchase- Up to 85% LTV
2. Refinance- Up to 85% LTV
3. New Construction-
• Up to 85% LTCost (HUD)
• Up to 75% LTC- Conventional
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 All 50 states
Amortization: 20,25,30,35, and 40 years FHA construction loans convert into a 40 year, fully amortizing fixed rate loan
Loan-to-Value: 70-83.3% LTVDebt Service: DSCR on healthcare properties is as low as 1.2%
Non-Recourse: Recourse loans usually not required except for SBA Loans and construction ( no personal liability and no personal tax returns )
Assumable: Yes, subject to lender approval
SBA Assisted Living
• *$500,000 minimum loan*
• SBA 7a Loans ($5 MM maximum loan amount)
• SBA 504 (Maximum Loan $12 MM)
• MUST BE OWNER OPERATED
• Up to 90% LTV
Conventional
• $1 MM minimum