·        Senior Housing Finance Program

Eligible Projects: Nursing homes, assisted living complexes and

independent living/congregate care facilities, must meet state and local

licensing requirements, government building codes and other occupancy

standards. Existing Properties must be in operation for at least 6

months.

Loan Type: 7, 10, 15, 20 and 25 year maturity, fixed rate loans. Loans

 generally are amortized on a 25-year schedule.

Preferred Loan Size: Over Two Million

Assumability: Assumable, subject to approval with a transfer fee.

Personal Liability: Non-recourse, subject to standard carve-outs for

misrepresentation, fraud, bankruptcy, etc. 

FHA- INSURED FINANCING SECTION 232/223(f)

                            Up to 35-years fully amortization

                                                    Up to 85% LTV and 1.175 DSC ratio

                                                    Fully assumable, subject to approval with a transfer fee, non-recourse debt

                                                    Minimum: 1Million, no Maximum

Note:   Loan can include all transaction costs, major movables, repairs, reserves and upgrades. More details are available upon request.  Existing Properties must be in operation for at least three years.