FHA 232 can be used to rehab and meet new State Requirements

The FHA 232 loan program can be used to help meet the new life safety rules in most states.


If you are in need of financing to meet new state guidelines check out the fha 232 LEAN programs at our website www.kendallrealtyadvisors.com

FHA Nursing Home Loan

Skilled Nursing/Assisted Living Facility 232

Refinance, Purchase or New Construction

- 85% Loan-to-value Refinance and Purchase under 75% Assisted Living New 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

- 1:17 1.45 for new Lean assisted Living Center Minimum Debt Service Coverage

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