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                                  Healthcare Facility Substantial Rehabilitation Loans 



                                                    Loan Details

  • Lesser of: 90% Loan-to-Cost or 80% for SNF or 75% for ALF,  of Value

  • Interest-only construction loan that automatically converts to 40-year permanent financing

  • 40 Year Amortization

  • 40 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

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