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
DSCR/LTV Requirements:
  • Property Type
  • Maximum LTV
  • Maximum LTC Acquisition
  • Maximum LTC Refinance
  • Minimum DSCR
  • For-Profit
  • 80%
  • 85%
  • 100%
  • 1.45
  • Not-For-Profit
  • 85%
  • 90%
  • 100%
  • 1.45

Mortgage Insurance Premium:

Initial MIP is 1% of the loan amount due to HUD at closing; then annual MIP is 0.65% annually thereafter. (Initial Green MIP is .25% of the loan amount due to HUD at closing; then MIP is 0.25% annually thereafter.)

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