Healthcare Facility Acquisition Loans apply to properties at least 3 years old or which have not had a certificate of occupancy for at least 3 years, and which do not require substantial rehabilitation for occupancy. Some repairs are allowable if they do not exceed 15% of the post-repair appraised value, and do not result in greater than 50% replacement of any two major components of the building such as windows or the roof.

Loan Details

  • 80% 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
  • 1:45 Minimum Debt Service Coverage
  • This loan is always assumable
  • Third-party expenses and loan costs are financeable