Loan
Programs
·
Multifamily - New Construction
·
Skilled
Nursing/Assisted Living Facility - New Construction
·
Skilled Nursing/Assisted Living Facility –
Acquisition
·
Skilled Nursing/Assisted Living Facility - Refinance
·
Manufactured/Mobile Housing - New Construction
Multifamily
- New Construction
90% Loan-to-Cost
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
“Developer’s
Fee” of 10% of cost allowed to be used towards equity requirement
No personal
liability (non-recourse)
Negotiable
pre-payment terms
1:10 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 on a project, contact GREYSTONE at 800.LENDER.1 or email Joanne at jlyttle@greystoneusa.com.
Multifamily
- Acquisition
85% Loan-to-Value
35 Year
Amortization
35 Year Term
(no balloon)
7.5% Seller
promissory note allowed for down payment requirements
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
1:18 Minimum
Debt Service Coverage
This loan is
always assumable
Third-party
expenses and loan costs are financible.
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 on a project, contact GREYSTONE at 800.LENDER.1 or email Joanne at jlyttle@greystoneusa.com.
Multifamily
- Refinance
85% Loan-to-Value (80% with cash out)
35 Year
Amortization
35 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
1:18 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 on a project, contact GREYSTONE at 800.LENDER.1 or email Joanne at jlyttle@greystoneusa.com.
Skilled Nursing/Assisted Living Facility - New
Construction
90%
Loan-to-Cost
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
1:10 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 on a project, contact GREYSTONE at 800.LENDER.1 or email Joanne at jlyttle@greystoneusa.com.
Skilled Nursing/Assisted Living Facility - Acquisition
85% Loan-to-Value
35 Year
Amortization
35 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
1:18 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 on a project, contact GREYSTONE at 800.LENDER.1 or email Joanne at jlyttle@greystoneusa.com.
Skilled Nursing/Assisted Living Facility - Refinance
85%
Loan-to-value, no cash out
35 Year
amortization
35 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 terms1:18 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 on a project, contact GREYSTONE at 800.LENDER.1 or email Joanne at jlyttle@greystoneusa.com.
Manufactured/Mobile Housing - New
Construction
90% Loan-to-Cost
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
1:20 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 on a project, contact GREYSTONE at 800.LENDER.1 or email Joanne at jlyttle@greystoneusa.com.
Program
Summary:
Recently, HUD issued policy
change H 04-21 to the Section 202
Housing Code. This major
policy change allows Section 202 communities
to refinance debt at today’s
low rates and use the savings to improve facilities and enhance the living
experience for residents. GREYSTONE is a national HUD lender and is an industry
leader of the 202 refinance process.
90%
Loan-to-value, no cash out
35 Year
amortization
35 Year Term
(no balloon)
No maximum
loan amount
Low, fixed interest rate, based on market spreads over the Ten-Year Treasury
Yield.
Negotiable
pre-payment terms
1:18 Minimum
Debt Service Coverage
Third-party
expenses and loan costs are financeable.
Net
Operating Income and valuation may utilize Section 8 Contract rents
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 on a project, contact GREYSTONE at 800.LENDER.1 or email Joanne at jlyttle@greystoneusa.com.