Acquisitions and Refinancings of Healthcare Properties FHA 232/223(f)
We are obsessed with quality and perpetual improvement. As we get to know you, our approach will be optimized and tailored toward your transactional objectives.
Loan Term:
35 years
Interest Rate:
Fixed rate, fully amortizing
Non-recourse:
Non-recourse
Assumable:
Fully assumable
Prepayment:
10% year one, then declining 1% per year; and customizable
Commercial Space:
No commercial space greater than 20% of net rentable area and 20% of effective gross income of the property
Borrower:
A single asset SPE
Escrows:
Capital needs reserve will be maintained on a property-by-property basis
Third Party Reports:
Appraisal, Environmental Report, and Capital Needs Assessment