PROJECT TYPES:
Nursing home, assisted care and congregate care facilities ONLY. Purchase, refinance, new construction and rehabilitation are eligible.
Loan Amount: $2,000,000 and up
Rate: 3.5% – 6% fixed at time of commitment
Term: 35 – 40 years
Guarantees: All non-recourse (no personal guarantees)
Loan to Value: 85% for purchase or refinance 90% for new construction
Lender fee: Varies on a deal by deal basis
Area: Continental United States
Assumption: Assumable without cost