Assisted Living / Skilled Nursing New Construction / Substantial Rehabilitation

@ 90% Loan-to-Cost
Interest-only construction loan that automatically converts to a 40-year permanent financing
40-Year Amortization
40-Year Term (no balloon) è No maximum loan amount
Low, fixed interest rate, based on market spreads over the Ten-Year Treasury Yield
No personal liability (non-recourse)
Negotiable pre-payment terms
1:10 Minimum Debt Service Coverage
This loan is always assumable
Third-party expenses and loan costs are able to be financed.

Rates and Terms determined by LTV, credit, property type and other conditions. This is limited information and meant for general reference purposes. For detailed information or a specific quote on a project, give us a call at 1-866-381-3008