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SERVICES
Skilled Nursing, Assisted Living Facilities, Treatment Centers, Aggregate Care-only
for Purchase, Refinance, New Construction or Substantial Renovation of Healthcare Facilities
Facility must have NO more than 25% of the units be Independent (own kitchen and bath facilities)
Must Provide Continuous Oversight of Residents and Offer 3 Meals a Day
90% LTV
1.11 DSCR
Up to 40 year, Fully Amortizing, Non-REcourse
660 scores
Experience a Must, 3 Plus Years Minimum
(FHA is the only source that has not adjusted to the declining values, everyone else has including FNMA. Keep this in mind)