Nursing Homes and Assisted Living Financing
|
Construction/Substantial Rehab
| Programs |
Loan Amount |
LTV |
Features |
| HUD 232 |
No Minimum |
90%-95% |
40 year, fixed rate, non-recourse. |
| USDA Community Facilities Program |
No Minimum |
90% |
30 year, fixed rate, non-recourse. |
Acquisition/Refinance
| Programs |
Loan Amount |
LTV |
Features
|
|
HUD 232/223(f)
|
No Minimum |
80-85% |
Cash out, 35 year fixed. Allow 7.5% seller financing. Can finance HAP contract & Section 8 properties. |
|
Conventional
|
$250,000 Minimum |
90% |
Purchase, Refinance, Cash out, 25 year amortization, 3,5,7,10 year fixed |
|
HUD a7 (existing HUD loans)
|
No Minimum |
80-90% |
Cash out, reduced processing cost, 30-40 year fixed, non-recourse. |
|
HUD 241(a)
|
No Minimum |
80-90% |
Second mortgage program. |
|
USDA Community Facilities Program
|
No Minimum |
90% |
30 year, fixed rate, non-recourse. |
|
Agency
|
Min $1,000,000 |
80% |
Cash out, 30 year fixed. |
|
SBA Financing
|
Min $1,000,000 |
85% |
Specialize in "hard-to-do", difficult, situational deals. NO Balloons. |
|