Acquisitions and Refinancings of Healthcare Properties

FHA 232/223(f) Term Sheet
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Acquisitions and Refinancings of Healthcare Properties FHA 232/223(f)

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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

DSCR/LTV Requirements

Mortgage Insurance Premium: 1% due at closing and 0.65% annually thereafter.

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    Type of Loan

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