Nursing Home Loans

Skilled Nursing/Assisted Living Facility 232

Refinance, Purchase or New Construction

- 80% to 85% Loan-to-value Refinance and Purchase under LEAN

- no cash out, but FHA is reviewing existing debt payoff rules

- 35 Year amortization existing, 40 years, plus construction, new construction

- 35 Year Term existing, 40 year term new construction (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

- 1:25 Minimum Debt Service Coverage (lean program)

This loan is always assumable and third-party expenses and loan costs are financeable.