Healthcare Facility Acquisition OR RefinanceLoan
​
Healthcare Facility Acquisition Loans apply to properties at least 3 years old or which have not had a certificate of occupancy for at least 3 years, and which do not require substantial rehabilitation for occupancy. Some repairs are allowable if they do not exceed 15% of the post-repair appraised value, and do not result in greater than 50% replacement of any two major components of the building such as windows or the roof.
Loan Details
​
-
80% Loan-to-Value NO CASH OUT REFI
-
35 Year Amortization
-
35 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