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