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Assisted Living Center Financing..

Reblogger Sean Allen
Mortgage and Lending with Development Financing Around the World

 

Original content by Sean Allen

International Financing Solutions
A  Division of Sean Allen, Inc. 

9531 Cypress Drive N.  Ft. Myers, Florida 33967
Ofc: 239-482-6866    Fax: 888-482-6860
Sean Cell: 239-898-9281     Email: sallen11867@aol.com
www.InternationalFinancingSolutions.com

________________________________________________________________ 

Skilled Nursing /  Assisted Living Acquisition / Refinance 

Guidelines / Terms: 

  • 85% Loan-to-Value (No cash out Allowed)
  • Seller Promissory note of 7.5% Loan-to-Value allowed
  • Up to 35 year Amortization
  • Up to 35 year Term  (no Balloon)
  • No Maximum Loan Amount
  • Low, Fixed interest rate, based on market spread over 10 yr treasury yield
  • Non-recourse, with no standard conduit carve-outs
  • Flexible & negotiable pre-payment terms, NEVER defeasance or yield maintenance
  • No limit for rents, tenant income, or return on equity
  • 1.17 Minimum Debt Service Coverage
  • This loan is always assumable
  • Third-party expenses and loan costs are financeable 

Skilled Nursing / Assisted Living - New Construction / Substantial Rehabilitation 

Guidelines / Terms: 

  • up to 90% Loan to Cost (95% for Non-Profit Sponsor)
  • Interest only construction loan that automatically converts to 40yr permanent financing
  • 40 year Amortization
  • 40 year Term (no balloon)
  • No maximum loan amount
  • Low, Fixed interest rate, based on market spreads 10 yr Treasury Yield
  • Non-recourse, with no standard conduit carve-outs, including construction period
  • Flexible & negotiable pre-payment terms. NEVER defeasance or yield maintenance
  • No limit for rents, tenant income, or return on equity
  • 1.11 Minimum Debt Service Coverage (1.05 Minimum Debt Service Coverage for Non-Profit Sponsor)
  • This loan is always assumable
  • Third-party expenses and loan costs are financeable 

Sincerely,

 

Sean Allen
President

 

Terms and conditions are subject to change any time without notice. For the most recent
update please call or email us.

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Fred Griffin Florida Real Estate
Fred Griffin Real Estate - Tallahassee, FL
Licensed Florida Real Estate Broker

We invite you back to ActiveRain in 2016!

    Much has changed since your last visit to ActiveRain.  I encourage you to take another look at the website. 

    Surf some blogs, leave some comments.  Better yet, post a Blog.

    Best to you!

Mar 11, 2016 11:56 AM