Healthcare Facility Acquisition Loan

Assisted Living Facility

Healthcare Facility Acquisition Loans apply to properties at least 3 years old or which have not had a certificate of occupancy for at least 3 years, and which do not require substantial rehabilitation for occupancy. Some repairs are allowable if they do not exceed 15% of the post-repair appraised value, and do not result in greater than 50% replacement of any two major components of the building such as windows or the roof.

Loan Details

• 75% Loan-to-Value
• 35 Year Amortization
• 35 Year Term (no balloon)
• 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
• 1:45 Minimum Debt Service Coverage
• This loan is always assumable
• Third-party expenses and loan costs are financeable