Apartment and Healthcare Facility Refinance

Apartment and Healthcare Facility Refinance
312 Florence Ave., Evanston, IL 60202

November 15, 2008

FHA 232 New Construction Nursing Homes and ALFs

Skilled Nursing/Assisted Living Facility 232- New Construction
Under 232 lean new construction we expect the 90% Loan-to-Cost to drop to 85%
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
Current 1.10 to 1: Lean 1:25 Minimum Debt Service Coverage
This loan is always assumable
Third-party expenses and loan costs are financeable.
Rates and Terms determined by LTV, credit, property type and other conditions. This is limited information and meant for general reference purposes.

For detailed information or a specific quote please call.

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