Assisted Living Facility Construction Loans with 90% LTC (Loan to Cost) and Non-HUD approvals are achievable even in this market. The key to successful approval of Assisted Living Facility Construction Loan financing is the structure of the entire capital stack and the reserve capacity of the sponsors.
There is one company in the market today that is able to coordinate the entire capital stack and create solid structured financed transactions for Assisted Living Facility Construction Loans. To achieve 90% LTC the stack is simplified into three main components; owner's equity, preferred equity and senior debt.
Note that in this capital structure for underwriting Assisted Living Facility Construction Loans with 90% LTC does not require HUD approval, this is a Non-HUD Assisted Living Facility Construction Loan financing. By removing the questionable strategies of relying on tax credits, contractor discounts and other accounting shuffles, the underwriter for the senior debt can be assured that their required maximum risk exposure is set in stone, this gives them the ability to underwrite more cleanly and close fast.
Typically, those seeking a HUD approved ALF Construction Loan financing must wait 12-18 months just to break ground. However, with this new structured financing strategy for Assisted Living Facility Construction Loans, closing can be completed in as little as 90 days and in some cases as fast as 60 days.
To find out how to close fast and get your development project moving give the experts on Assisted Living Facility Construction Loan financing a call. For the fastest answers fill out the online easy app at http://dividendamerica.com or call the exerts at Dividend America Commercial Lending at 404-819-4511 (Michael Gross, President) or email firstname.lastname@example.org.
With consultants in Atlanta, GA, Phoenix, AZ, Chicago, IL and Charlotte, NC and lending in all 50 states.