Financing Options:
New Construction, Sub Rehabilitation, Acquisition, and Refinance
 

Terms:

• 35-40 year fixed rate

• 75-85% financing

• Fully amortizing loan

• Declining prepayment

• Non-recourse

• Assumable

 

Other Benefit:

 

• Protects against rising interest rates.

• Market rate, affordable, or subsidized tenants eligible.

• Available nationwide.

• Can be combined with grants and other equity.

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Allowed Facilities:

• Licensed nursing homes, assisted living, memory care, or skilled nursing

Not Allowed Facilities:

• Specialty facilities, such as physical or drug rehab, hospice, etc. No more than 25% of the property can contain independent living units